RECENT BLOG POSTS
Do you need a VA mortgage done with no complications? You need to trust a experienced loan officer. Call 207-777-4609 or e-mail me to qualify millard@mortgageinmaine.com. With over 9 years of experience with VA loans I have seen all of the pitfalls and I can see around the curve to be able to avo...
03/19/2010
    Thought if was hard to explain why your brother got a much better rate than you did. This will make it worse. TV (loan to value) 60.01% to 70% Credit Score 720 or better — no hit Credit Score 640 -719 is a 0.500% hit to price. Credit Score 620 - 639 is a 0.750% hit to price. LTV 70.01 or More...
02/16/2009
0 Comments
I have been originating FHA, USDA Rural developmet loans, and VA loans in Maine for over 6 years now and I have never seen such an up swing in goverment loans. The federal goverment has stepped in to keep deteriorating markets from deteriorating further by uping the loan limits on FHA loans. The ...
03/22/2008
If you purchased a 250,000.00 home and put 20% down you would have a 200,000.00 loan amount in 1995 the average rate was 8.48%  so  your payment would be 1,534.99. This same example on February 01, 2008 with rate of 5.78% your payment would be 1,170.96. This is a difference of 364.03 per month or...
02/08/2008
Well we all know that there is a record number of inventory in housing(still this varies from area to area). Then couple this with historically low rates around 6% today on a thirty year fixed rate. If you look at the rates over the last twenty years the are typically at there lowest around Thank...
11/16/2007
There isn't a single or simple answer to this question. The right type of mortgage for you depends on many different factors: Your current financial picture How you expect your finances to change How long you intend to keep your house How comfortable you are with your mortgage payment changing Fo...
11/13/2007
I researched some of the big name banks to come up with some rates. I came up ith 6.375% with a 6.471 apr another bank had the same rate but a 6.68% apr. The same loan I priced out at 6% with 6.096 apr. That is a savings of over 22,000.00 dollars over thirty years, add on top of this greater avia...
11/12/2007
   I am sure that you ladies and gentlemen have heard about WAMU getting popped for colluding with First American's eAppraiseIT to inflate values to make deals work. Although both WAMU and First american claim no wrong donig. I am sure that all of you are shocked and amazed at the thought a lende...
11/10/2007
Rainer
3,687

Millard W. Dowd III

local_phone(207) 777-4609
smartphone(207) 240-0105
Contact The Author
A Maine Brokers Sense of the mortgage market