Mike Rankin's Blog

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Mortgage and Lending - ClearPath Mortgage Solutions, Inc. NMLS #1394615 - NMLS # 423279



Getting Pushed Off The Ledge  - Forced Swimming Lessons Being an entrepreneur has always been in my blood.  My Father, Grandfather, Uncles, and Aunts have all owned their own businesses for years. The desire to be self-employed was always so appealing. Be my own boss, set my schedule, have no lim...
                         - Famous Quote from Moms everywhere!Didn't your momma every tell you that communication was everything?Again, I heard it today from a realtor: "I referred my sister to a loan officer that I used to use all of the time. They picked up the phone and told my sister that they...
First Referral Given on Active Rain! One of my favorite things to do is to give out a referral! Truly it is better than getting one yourself.I received a call from a local realtor. They had a past client who was moving back to California and needed a mortgage.  They were a Veteran (if you follow ...
Sometimes you have to go to the top of the Food Chain to get things done!Dave's loan was almost closed.  The only thing that the underwriter still needed was for the appraiser to re-inspect the home to show that the FHA required "deferred maintenance" was rectified. Dave had just finished having ...
There aren't enough hours in the day...People have been saying that phrase forever…in different languages, of course, all throughout the centuries. But, we have also been proving it wrong. Everyday we wake up and live another day.  Thank God for the sun and the moon, the night and the day, that f...
VA IRRRL - VA to VA RefinanceHave you heard of the VA IRRRL (Interest Rate Reduction Refinance Loan)?This is THE BEST loan for refinancing, by far! The only requirement is that you have a VA loan right now.  The VA IRRL allows you to refinance that current VA loan into a new VA loan at a lower in...
Does it make sense to refinance from 4.75% to 4.25%? That's a good question. It's a no brainer if you are going from an FHA loan with mortgage insurance to a VA loan with no mortgage insurance and the loan size is large enough. For example, Don was a disabled veteran in Long Island who was referr...

Mike Rankin

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