Jerry Wright's (jerrywright) Blog

Entering active duty in the nation's armed forces is a tall order. To make sure that big move doesn't come with heavy financial and legal burdens, the Servicemembers Civil Relief Act offers military professionals a variety of protections. Taking full advantage of the protections provided by the S...

I get asked this question at least once a week.  I also get asked what if I short sale my home or let it go to foreclosure, then how long do I have to wait?  The answer is simple yet complex.  First off it depends on the type of bankruptcy, 7 or 13.  It also depends on if there were any extenuati...

Each week Freddie Mac—one of the giant Government Sponsored Mortgage Enterprises—releases their “Primary Mortgage Market Survey” or “PMMS”.  For the week ending November 10, 2011 the average 30-year fixed rate conventional mortgage was reported at 3.990%. Almost invariably the mainstream media wi...

In a surprising announcement, the USDA Guaranteed Rural Development Home Loan Program announced starting October 1st, 2011, they will begin collecting (charging) monthly mortgage insurance of .3%, but their up front mortgage insurance will be reduced from 3.5% to 2%. If you are unfamiliar with th...

USDA Loans Will Have Monthly Mortgage Insurance as of October 1, 2011What Does This Mean To You? USDA Rural Development and its loan program were designed to help improve the economy and quality of life throughout rural America. The program continues to remain a wonderful option for qualifying ho...

Over the last few years, the government has funded mortgages as large as $729,750 in high-cost areas throughout the country. Those loan limits were temporarily increased because the economy was struggling and many lenders would have refused to make those loans without the government covering the ...

Can you believe it?  HUD announced today that starting April 18th the mortgage insurance on FHA loans will go from .9 to 1.15% for it's monthly mortgage insurance.  They recently bumped it up from .55 to .9 monthly and now they are raising it again.  This will make the monthly payments for this g...

Superstar REALTOR Terry Moerler has clients fill out a concierge form at home, prior to meeting with them. This helps her better understand those prospects and target their hot buttons. It affords her an opportunity to probe their minds, know their likes and dislikes, and then meet their needs wi...

Many Real Estate professionals feel that open houses are too time-consuming. Frankly, they are time-consuming. But I can provide assistance as a mortgage professional on hand to field many questions for you regarding financing options.Even in a booming market, homes don't sell themselves. I would...

Studies indicate that over 80% of today's home buyers visit the Internet long before seeking the professional assistance of a REALTOR®. This means that, thanks to popular realty-themed websites that compete for your business, your clients are already armed with more information than ever before.T...