Understanding Requirements of Appraisal for FHA Loans

by Michael Collins - Rock Realty July 30, 2012

Understanding Specific Requirements of Appraisal for FHA Loans in Wisconsin The all-time low mortgage rates combined with affordable home prices have generated a huge growth in business for FHA mortgages. People considering their first home need to understand the specific appraisal requirements for FHA loans in Wisconsin. Basics of FHA Appraisal In a nutshell, an […]

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A Turn Around for the Housing Market?

by Michael Collins - Rock Realty July 26, 2012

May 2012 Could Signal a Turn Around for Housing Market There is some hope for the real estate market. According to a report published by the Commerce Department the number of homes purchased in May of 2012 was the highest number in over two years. The number of purchases increased from April to May by […]

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Wisconsin June 2012 Housing Statistics

by Michael Collins - Rock Realty July 23, 2012

The Wisconsin housing statistics are now in for June of 2012. Here is an excerpt from what the Wisconsin Realtors Association (WRA) had to say: “Wisconsin home sales continued to grow at a robust pace with sales of existing homes up 19.3 percent in June over June of last year… June median home prices increased 1.4 […]

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First time buyers: How To Wade Through Real Estate Lingo

by Michael Collins - Rock Realty July 17, 2012

The real estate industry is just like any other major industry segment. The people that work within the industry use specific phrases and words that are not too common in other types of work. Understanding some of the common jargon will help first time buyers feel a little more comfortable with the process.   Mortgage – […]

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Understanding the Subtle Differences in Various Mortgage Loans

by Michael Collins - Rock Realty May 9, 2012

Understanding the Subtle Differences in Various Mortgage Loans Getting a mortgage to purchase a home can be a little confusing.  There is so much industry  lingo that loan officers use like “terms” and “conforming” or “government loan” or “eligibility.”  Let’s look at the most common types of loans side-by-side in order to understand each one […]

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Golden Rules on Achieving High Credit Scores

by Michael Collins - Rock Realty April 3, 2012

Golden Rules on Achieving High Credit Scores “We are glad you chose us as your lender.  As you know, your credit score is _______.”  For some people, filling in that blank might be nerve-racking.  For others, it might be a source of pride and personal accomplishment.  If you are working on your credit score, or […]

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7 Key Questions to ask about your Mortgage

by Michael Collins - Rock Realty July 13, 2010

Key Questions to Ask About Your Mortgage This week I attended a seminar titled “Mortgage Industry Changes & New Requirements for 2010”.We reviewed the changes affecting underwriting, minimum buyer requirements, ARM’s, and short sales. I’ll be sure to inform potential buyers to plan for the changes, since debt to income ratios and credit scores will […]

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