Author Archive

Ken Cook,

kencook

  1. ArtFavor_Money_Bag_Icon-278x300.png

    Closing costs vs. cash to close

    Failure to communicate is one of the greatest reasons for complaints in any transaction.  Truly it makes no difference what type of transaction is conducted if […]

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    What is a "loan servicer"?

    In the mortgage industry as in many industry there are words tossed around like school house chatter which have a clarity of meaning to insiders yet […]

  3. 5 Tips for Analyzing and Understanding Comparables

    5 Tips for Analyzing and Understanding Comparables

    Property values can be great fodder for everything from smiles to frowns and on rare occasion even lead to shouting matches. Understanding the procedure in estimating […]

  4. credit-makeup.png

    How to Improve Your Credit Score

    If you have found this post because you have either been turned down for a mortgage application or you are concerned you may, you’re in luck. […]

  5. Lowest mortgage rate: at what cost?

    Lowest mortgage rate: at what cost?

    “What are your rates today?” Many years ago we established a policy we still live by today, “My goal is to be as honest and ethical […]

  6. FHA loans set to require minimum 640 middle score

    FHA loans set to require minimum 640 middle score

    Image via Wikipedia The numbers have been considered and tossed around for some time and now most lenders and banks are making the official move to […]

  7. Should I refinance my home loan?

    Should I refinance my home loan?

    One sure way to start an argument between mortgage brokers, mortgage bankers, financial planners and consumer advocates is to answer the question, “when does it make […]

  8. FHA monthly mortgage insurance increases

    FHA monthly mortgage insurance increases

    Effective for FHA loans for which the case number is assigned on or after October 4, 2010 the Upfront Mortgage Insurance will decrease from 2.25 to 1.00 […]

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    FHA monthly mortgage insurance premiums to rise

    Image via Wikipedia Although there are many posts on the internet about FHA MIP rising to 1.55% that is factually inaccurate. The act signed into law […]

  10. Housing bailout fall out – yet another failure

    Housing bailout fall out – yet another failure

    It must have seemed like a great plan to the president. Mortgage modifications certainly seem like the best choice to avert more foreclosures. At least to […]

  11. Improve your credit score, guaranteed.

    Improve your credit score, guaranteed.

    Image via Wikipedia Not so fast.Preying on people who have a real need and are often blinded by their own circumstance is an age old practice. […]

  12. China's bubble troubles

    China's bubble troubles

    Image via Wikipedia Is it possible to get a Zestimate on the Great Wall of China? According to the latest trends the value may have soared […]

  13. USDA guaranteed home loans – who qualifies?

    USDA guaranteed home loans – who qualifies?

    Image via Wikipedia Major metropolitan cities and even some outlying towns often have more of the focus of government on their housing needs. As such you […]

  14. Sweeping financial regulatory changes signed by Obama

    Sweeping financial regulatory changes signed by Obama

    Image via Wikipedia Surrounded by Democratic lawmakers Harry Reid, Nancy Pelosi, Barney Frank, and Chris Dodd – all of whom have served in their current capacities […]

  15. How long does it take to close on a home mortgage?

    How long does it take to close on a home mortgage?

    Image by The Ken Cook via Flickr Turn that around with another question, “how long does it take to get to work?” Yes it is that […]