Bill McDonald's Blog

  As a mortgage lender I have come to realize that people do not WANT a mortgage.  In fact they work hard for 30 years to rid any they may have. What people WANT is a home, and just need a mortgage to satisfy that want. It is with this understanding that I have decided to learn all I can about m...

Interest Rates Have Fallen Should You Refinance Sure the lower interest rate sounds great but is it really worth it for me to go through the hassle and expense of refinancing? The answer to this question is often determined by the answers to the following questions.  1. How much will the refinan...

Would Paying Your Mortgage Off 15 Years Earlier Improve Your Retirement? With mortgage rates near historic lows, now is a great time for many people to consider trading in their current 30 year mortgage, and the 20+ remaining years and save over a hundred thousand dollars in interest with a 15 ye...

 What if mortgage rates drop AFTER I have locked my rate? Can I benefit from the lower rates, or am I stuck with the rate I locked ?  When you lock in your rate you are protected from movements in the market that may take place befoe your loan closes.  In most cases once you lock in that protecti...

Standard & Poors released their 05/11 Case-Shiller Index this week. The index measures change in home prices from month-to-month, and year-to-year, in certain U.S. cities. May’s Case-Shiller Index showed a 1% increase from 05/11. Home prices rose in 16 of the Case-Shiller Index’s 20 cities.  The ...

One of the little known benefits of buying real estate outside of major metorpolian areas  is the fact that due to the "rural" location of these areas, homes in these locations qualify for the USDA-Rural Development Zero Down Payment Home Loan   That means that under the guidelines of this state...

Is An FHA Mortgage Better Than A Conforming One? The FHA is insuring a greater percentage of loans than during any time in recent history. In 2006, it insured roughly 5 percent of the purchase mortgage market. Today, it insures 1/4th. ”Going FHA” is more common than it has ever before before — bu...

  Mortgage markets worsened last week as the Greek  debt situation came closer to being resolved, and  the US housing market showed signs of life. After  weeks of debate, European leaders agreed on a financial package for Greece that featured favorable loan terms designed to slow Eurozone contagi...

 Can I Buy a Home With Bad Credit       See Video's at Bottom of this Page    I talk to people every week that want to buy a home, but are having much difficulty achieving their dream of home ownership due to problems with their credit history. It may have been a late house payment, car payment,...

Great 4 Bedroom home in Clarksville, TN near Fort Campbell   6 Boyer Farms Clarksville, TN 37043 Open Floor Plan in Boyer Farms Price : $322,600 Bedrooms : 4 Bathrooms : 3.5 Square Foot : 2,964 County : Montgomery Property Type : Detached Year Built : 2011 MLS Number : 1285779 click for more info...