Pat Thiel's (pthiel) Blog

Did you know that today when you are showing foreclosed properties that there is an option for the buyer to get a loan for the repairs along with his mortgage. The FHA 203K streamline is the one to pick it will allow up to $35,000 in repairs and build it into the mortgage. Want another idea add a...

Arizona's loan officers will have to have a license starting in 2010. At the end of the state's legislative session, lawmakers approved a bill that requires loan officers and mortgage originators to pass a test, take continuing education, pay a registration fee and notify the Arizona Department o...

I spend a great deal of my time working with FHA programs for purchases, refinances and reverse mortgages have years of experience with them. In the last few years the FHA has been revamping allotof their program including the Reverse Mortgage (RM) Home Equity Conversion Mortgage (HECM) programs....

Did you know - Many lenders are jumping on the FHA bandwagon but have no idea on how to get them closed. Have you experienced loans that are sitting in limbo for weeks or months. I have been doing FHA loans before they were the "NEW" fad. If done correctly they are easy and efficient plus have ma...

Did you know - That effective 7-14-08 the pricing for mortgage insurance on FHA loans was changed to a risk model? With the many changes that have occurred over the last year, and their have been many of them this change was a good one. None of us like change but this one will reward those that h...