Business With Greg Mortgage and Real Estate Blog

Early this month the PMI companies decided to discontinue insuring reduced documentation loans. These loans were commonly referred to as Stated Income and/or Stated Assets. As a result many lenders withdrew these programs from their product lines. Un-insured loans on a reduced documentation basis have become a risk that investors are unwilling to take. Although [...]

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A declining market has become a subject we have mentioned over the past year quite frequently. The overall economy plays an important role. But, even when the economy was thriving there still were markets that declined in value.  I am also going to discuss my opinions on what I feel about the industry changes that [...]

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The United States  Department of Agriculture has been offering loans for quite some time. Many area’s are approved to use this type of financing. This loan works simular to FHA or VA as far as qualifying. However, you are subject to income restrictions and geographical area’s. Not all area’s are approved for USDA.
This loan is [...]

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With the collapse of sub-prime lending many loan products vanished. However, most of these products were doing a short term benefit with a long term catastrophy.
Most loan officers were forced to put customers into an FHA, VA, or USDA loan. These loans are very good loans with low interest rates and helped keep things going [...]

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