Mortgage Matt Blog

 Purchase Price   MTG PMT @ 5.5%   Taxes   Insurance   Total Payment   $          30,000.00  $                 170.34  $                 150.00  $                  50.00  $                 370.34  $          35,000.00  $                 198.73  $                 150.00  $                  50.00 ...

First Time Home Buyer Tax Credit as Down Payment or: Dirty Deeds Done Dirt Cheap   I think this is an important discussion to have so I am going to post this blog a few days in a row to make sure it gets out. There is a lot of confusion concerning the First Time Home Buyer Tax Credit especially n...

So, regardless all of the jibber-jabber out of Washington lending is continuing to tighten. I figured I would write just a general overview of some of the significant changes or non-changes here in my blog in case any of these issues may affect you.  First Time Home Buyers: Most of the news for y...

I will be adding to this list as I go along, but I wanted to start a nice comprehensive FAQ for homebuyers. I put "first time" in parenthesis because really this can apply to anyone buying a home, but this will apply mainly to the questions I get from first time homebuyers.  Q: Why buy instead of...

 Life happens and along with it comes many challenges that we all face. These normal challenges can sometimes be magnified when you have a mortgage payment bearing down on you each and every month. There is always help available for you, but it is essential to remember a few things when you are h...

 There are so many ways for a loan officer to fool you and I have heard them all in my time in the business. Now I bring this knowledge to you in how to demand that your loan officer never fools you. I will also cite all of the documents that your loan officer is legally required to show you yet ...

I am very excited to announce that Icon Mortgage Lending was informed early last week that we finished in the Top Ten of USDA Rural Development Loan Originators for Michigan in 2008. We have been originating RD loans with consistency for the last 5 years now, but this is our first year with such ...

Hello all,   I, and pretty much all of our people at Icon have had many Realtors calling us over the past few days concerning the health of Rural Development loans. Apparently, some lenders are having problems dealing with the lapse in funding at the USDA.   Please be Aware that we are running bu...

Hello all,   I, and pretty much all of our people at Icon have had many Realtors calling us over the past few days concerning the health of Rural Development loans. Apparently, some lenders are having problems dealing with the lapse in funding at the USDA.   Please be Aware that we are running bu...

I understand the skepticism of the Realtors I talk to. It seems too good to be true with everything going on. With the masses of lenders that let their imaginations run wild with all of the money they could make on unqualified buyers. So to hear that someone is still helping the very average buye...