// BLOG
Refinance Applications Increase Nationwide
August 19, 2010
The Mortgage Bankers Association confirms that refinance applications rose 17 percent from a week ago, lifting the percentage of refis as part of the total mortgage market to its highest level since January 2009.
Don’t miss out on the opportunity to take advantage of all time low mortgage rates. Call Mike Morgan at Peoples Mortgage today at 954-7686.
Looking for Something Fun to do in Tucson this Weekend?
August 13, 2010
Why not try one of these fun filled events?
Grab your swimsuit, towel, and a picnic blanket, and head over to the Tucson Racquet and fitness Club for a family picnic benefiting EEF, the Education Enrichment Foundation. The cost of $12 for adults and $5 for kids includes a delicious picnic dinner, live music by Still Cruisin’, and a night of family fun. Visit them online at www.eeftucson.org
Don’t miss the exciting FREE street performances of everything from Beat Boy Acrobatics to Bag Pipers at Tucson’s 2nd Saturdays Downtown! There will be plenty of arts and crafts vendors and downtown business specials! To check out the schedule of events, see where the free parking lots are, or see merchant specials… visit them online at: www.2ndsaturdaysdowntown.com.
Disputing an Error on your CREDIT REPORT…
August 5, 2010
1. Source the error and contact the lending company directly that is misreporting to the credit agencies.
2. Ask the lending company for documentation in writing that confirms that the error was a mistake on their part and verifies that your account is in good standing.
3. Send this documentation, along with a detailed explanation of the mistake to each of the bureaus reporting the error.
Equifax Experian TransUnion
P.O. Box 740256 P.O. Box 9554 P.O. Box 6790
Atlanta, GA 30374 Allen, TX 75013 Fullerton, CA 92834
4. Include a request for them to notify you once the discrepancy has been resolved.
Generally, a correction takes 30-45 days. The bureau will likely contact the lending company directly to confirm the information you provided, and then make the appropriate changes to your credit report.
If you have any questions we will be happy to answer them. Please call Mike Morgan at Peoples Mortgage 520.954.7686.
Is it the Right Time to Refinance?
July 27, 2010
Possibly you’ve been thinking about taking some cash out to make improvements around your house. Or you may just be wondering how much you could lower your payment with a lower rate mortgage. You also may want to pay your loan off sooner by refinancing from a 30 year loan to a 15 year.
There are a lot of possibilities to explore. Find out if it’s the right thing for you to do or the right time to do it. You never know if you don’t ask. We’re here for you. Call Mike today! 520.954.7686
Information from the HUD July Update
July 21, 2010
The most recent release from the HUD Commissioner outlines the Office of Housing’s latest efforts to strengthen protection for consumers in the buying process. They are working to make the housing market stronger, sustainable and safer by implementing regulations to make mortgages more transparent and understandable which better protect consumers. Fair dealings require open, clear information. The SAFE Act In combination with RESPA reform, help increase the integrity of the mortgage process and prevent fraud so consumers have greater protection in the marketplace. The office of Housing and Urban Development is committed to regulatory reform and consumer protection. One of the things HUD has done to achieve this is the implementation of a standardized Good Faith Estimate (GFE) and a revised and expanded settlement statement (HUD-1).
The Morgan team is also committed to fair and honest service. If you have any questions regarding this information or specific information for your mortgage needs please contact Mike Morgan at 520.954.7686. We look forward to earning your business.
