Danell Merren's (danelliccf) Blog

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Mortgage and Lending - Providence Home Mortgage/ICCF
RECENT BLOG POSTS
Yes, there are two truly zero down programs left- Rural Development (RD) and Veterans Administration (VA), but let's face it- if you don't buy in a rural area and you're not a Veteran, you won't qualify. With FHA, you can get into a home for 3.5% down, and with some HUD homes you can buy for only...
04/04/2009
  Mark's children have worked on a pair of 6-by-9-foot murals since last fall that will be on display in front of the church, 134 N. Division Ave., for the next two months. They will be blessed on Palm Sunday. The murals are tied to the Heifer Project International, an organization that donates ...
04/04/2009
One service I offer clients is to help them appeal their taxes post close. I make no guarantees, but I helped so many families this year that next year I think I may contact past customers and offer a seminar! Why is appealing your taxes worth it?! The process takes seriously less than about 30 m...
04/04/2009
As we all know, the past year has been a whirlwind of changes in Conventional and FHA lending. We've seen zero down go away, 3% down go away, and the PMI rules change month after month. Recent PMI changes have included the following: RMIC- Minimum of 740 Score, 90% LTV, no second homes MGIC- Max ...
03/06/2009
My church will be hosting Visiting Scholar, Dr. Jack Nelson-Pallmeyer, who will be speaking at St. Mark's on Saturday, March 14thfrom 9:30 to 11:30 a.m. The title of his speech will be, "It's the end of the world as we know it... but a soft landing is still possible.". Dr. Nelson-Pallmeyer is Ass...
03/03/2009
It's that time of year again. My 1st grader is selling Girl Scout Cookies! Choices include: Caramel deLites Peanut Butter Patties Shortbread Thin Mints Peanut Butter Sandwich Thanks-A-Lot Lemonades Reduced Fat Daisy Go Rounds If you live in the Greater Grand Rapids Area and would like to order, p...
02/25/2009
I receive a lot of calls from potential borrowers who would love to buy a home right now, but for one reason or another, we can't get them approved right now. As the media has made clear, the mortgage industry has tightened their lending quite a bit in the past twelve months, but, in my opinion, ...
02/24/2009
Over the past few days many of us have been waiting with baited breath to get the details of the revisedfirst time homebuyer tax credit. I was finally able to get updated information from a trusted source. Highlights include: 1. The tax credit is for first time homebuyers only 2. The tax credit c...
02/19/2009
Recently many of the banks we broker to have encouraged us to use third party appraisal management companies. In all fairness, with the complete meltdown of the market, speculation about fraudulent appraisals in the past, I thought, who can blame the banks for wanting to go to this system? If thi...
02/18/2009
About every other day I say to myself, I think I've seen it all! And then I seriously kind of chuckle to myself at my desk because I realize, no I haven't, and some crazy thing will happen in the next few days or weeks that I haven't seen before... We all know that these are unprecedented times i...
02/18/2009
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Danell Merren

local_phone(616) 719-4513
smartphone(616) 437-7831
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