Rhonda Porter's Discussions

Bill, I highly recommend that you get three referrals from people who you respect and trust. I've written a few articles about this:http://www.mortgageporter.com/reportingfromseattle/2007/01/how_to_pick_a_l.htmlhttp://www.raincityguide.com/2007/03/11/why-selecting-a-lender-by-rate-alone-is-not-in-your-best-interest/http://www.raincityguide.com/2007/05/27/the-problem-with-good-faith-estimates/Good luck and best regards,Rhonda Porter CMPSLicensed Loan Originator 510-LO-32047Mortgage Master Service Corporationwww.mortgageporter.com

How does this impact your ability to maximize your interest rate deductions with your income tax in relation to your acquistion mortgage?

Meet with a Mortgage Professional right away. Review your ARM caps and learn exactly how much it can adjust. Have your credit pulled and develop a strategy in case you need to do some elbow grease to improve credit scores so that you're in the best position in the event you need to refinance.I'm not familiar with Oakland, so another factor you will be dealing with is appreciation or depreciation. A qualified Mortgage Professional in your area can help guide you with your decision.Good luck!Rhonda Porter CMPSLicensed Loan Originator 510-LO-32047

I think you should plan on having your blog for at least a year before you dig into it. I really enjoy blogging and it seems to be a great tool for real estate agents and lenders alike! Good luck.

 Crazy Guy,Who ever you select for a mortgage professional should show you best/worse case mortgage payments with the ARM and compare it to a 30 year fixed.   Also, conforming lenders now require borrowers to qualify at the fully amortized (worse case) payment.