Premier Capital Mortgage Blog


Recent Topics
Short Sale vs Foreclosure: The 10 Common Myths Busted
Prepare for your Mortgage Loan Application...
The BIG DON'TS AFTER you Apply for a Mortgage
Bimonthly Mortgage Payments - Convenient But Not Cheap
Foreclosure Homes Looking to Be Sold As Rentals

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website launch (1)
fha (1)
mortgages (3)
short sales (1)
foreclosure (1)

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April 2012 (3)
March 2012 (3)
February 2012 (1)

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Short Sale vs Foreclosure: The 10 Common Myths Busted

Posted by: Premier Capital Mortgage
2012-05-14 05:45:11

Short Sale vs Foreclosure: The 10 Common Myths Busted It’s likely you’ve heard the term “short sale” thrown around quite a bit. But what, exactly, is a short sale? A short sale is when a bank agrees to accept less than the total amount owed on a mortgage to avoid h...[read more...]

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Categories:   short sales | foreclosure

Tags:  short sales,  foreclosures,  REO properties,  finding a foreclosure agent,  bank owned properties,  mortgage


Prepare for your Mortgage Loan Application...

Posted by: Premier Capital Mortgage
2012-04-27 04:49:25

Prepare for your Mortgage Loan Application... With good preparation, most things are easier. Here are some ideas that can make your mortgage experience less painful. Income Items: Gather your documents. Today, many people will have to produce 2 years’ complete tax returns, i...[read more...]

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Categories:   mortgages

Tags:  loan application,  mortgage loan application,  prequalification,  loan app,  applying for a mortgage,  home loan


The BIG DON'TS AFTER you Apply for a Mortgage

Posted by: Premier Capital Mortgage
2012-04-12 08:01:25

The BIG DON'TS AFTER you Apply for a Mortgage Don’t deposit cash into your bank accounts. Lenders need to source your money and cash is not really traceable. Small, explainable deposits are fine, but getting $10,000 from your parents as a gift in cash is not. Discuss the proper ...[read more...]

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Categories:   mortgages


Bimonthly Mortgage Payments - Convenient But Not Cheap

Posted by: Premier Capital Mortgage
2012-04-03 07:25:02

Bimonthly Mortgage Payments : Convenient But Not Cheap The vast majority of today's mortgages are either 15- or 30-year fixed rate loans with payments made once a month. It is good to remember, however, that borrowers have mortgage payment options, including the option of making bimon...[read more...]

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Categories:   mortgages

Tags:  bimonthly mortgage payments,  additional mortgage payment,  extra payment for mortgage,  principal mortgage payment


Foreclosure Homes Looking to Be Sold As Rentals

Posted by: Premier Capital Mortgage
2012-03-14 07:31:50

The Impact on REO Properties Being Purchased and Used as Rentals There has been much talk about the government selling bulk foreclosures which will be converted into rentals. What will this actually mean to the housing market? For the answer to that question, we go directly to the 2/28/2012 S...[read more...]

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Categories:  

Tags:  investors purchasing foreclosures for use as rentals,  REO to Rentals,  rental properties


Upfront and Annual Mortgage Insurance Premiums for FHA

Posted by: Premier Capital Mortgage
2012-03-09 08:22:34

Collections Mortgagee Letter 2012-3 provides greater clarity to Mortgage professionals and clients when dealing with questions regarding credit.  These changes take effect on loans on or after April 1, 2012.  The major change is that generally speaking if the collections are over $...[read more...]

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Categories:   fha

Tags:  MIP Premium,  Upfront FHA Premiums,  Mortgage Insurance Increase for FHA Loans


HUD Increases Costs Effective April

Posted by: Premier Capital Mortgage
2012-03-05 12:03:42

HUD Increases Costs Effective April In a move to increase their financial standing (and to get the FHA back into required capital requirements), on Monday, HUD announced their anticipated increases in the premiums they charge borrowers. Simply stated, the cost of borrowing is going up. FH...[read more...]

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Categories:  

Tags:  HUD increases costs,  MIP Premium being raised,  Mortgage Insurance,  Up Front Mortgage Insurance Premium Rising,  FHA Mortgage Premiums increase, 


Premier Capital Mortgage NEW Website Soon to Launch!

Posted by: Premier Capital Mortgage
2012-02-06 11:30:02

Premier Capital Mortgage's new, enhanced website is set to launch this week! [read more...]

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Categories:   website launch