Karen Burket's "Active" Mortgage Blog

I've had a borrower approved for FHA financing for a purchase price of $125,000 for several months now.  Much of their credit documentation has expired and I've advised them that I'll need to get updated documedntation from them in order to update their approval of which I still have not received...

Slight rant.........it's been OVER two weeks since I received verbal information from my buyers and their agent that their Short Sale Offer was approved by the bank.  The borrower mentioned to me that the closing date was set for July 30th.  Cool I think to myself...that gives us a good solid 30 ...

I was speaking with some young buyer wannabies yesterday.  We touched on the below points with regard to their comfort level as it pertains to a new mortgage payment vs. what they are currently paying in rent.  Figured no better time than to repost this information.   So you wanna buy your first ...

Daily Rate Blast - Medford Oregon Mortgage Interest Rates - July 7, 2011   This morning’s Conventional FIXED and ARM rate quotes are:                             30 Year                                                 4.750%   (4.991% APR)                                                15 Year   ...

Understanding your Credit Score and Credit Repair in Medford, Oregon   Have you ever wondered what makes up your credit score, and moreover, why that score is important?  Most people are typically aware that the best score wins, but the average home shopper knows very little about the whole credi...

Seafood Cobb Salad with Avacado Ranch Dressing   With the heat of summer finally here, there's no better time to make some great salads!  This is my take on a Cobb salad, with a seafood twist. Here's what you will need: Chopped lettuce - I use RomainSalad shrimpCrab (I use the Krab stuff, only be...

Daily Rate Blast - Medford Oregon Mortgage Interest Rates - July 5, 2011   This morning’s Conventional FIXED and ARM rate quotes are:                             30 Year                                                 4.750%   (4.991% APR)                                                15 Year   ...

Did I commit fraud on my mortgage application? I was having my weekly meeting with a circle of Realtors this morning and some discussions were going around with regard to potential buyer fraud during the course of the transaction.  After our meeting, I forwarded this blog post to all of the agent...

Daily Rate Blast - Medford Oregon Mortgage Interest Rates - July 1, 2011   This morning’s Conventional FIXED and ARM rate quotes are:                             30 Year                                                 4.750%   (4.991% APR)                                                15 Year   ...

  So, as I get out of my car at the office this morning, I strike up a conversation with a few of the fellas in the adjacent building.  They say "oh, you work over there at the bank, right?"  "Yes" I say.  They go on to tell me that Ron, the landlord called this morning and asked that the outside...