Thursday, October 31, 2013

Ask the "Mortgage Man": Free Credit Seminar December 5th 9:30-10:30AM at B...

Ask the "Mortgage Man": Free Credit Seminar December 5th 9:30-10:30AM at B...: This seminar is a free event where you will learn more useful tips for improving your credit in 1 hour! Dave Wheeler from Credit Plus wil...

Free Credit Seminar December 5th 9:30-10:30AM at Best Western Rts. 512 & 22

This seminar is a free event where you will learn more useful tips for improving your credit in 1 hour!

Dave Wheeler from Credit Plus will be our main speaker.  Dave is one of the pioneers in the credit scoring industry who has helped to develop the complicated algorithms used in determining credit scores.  He will explain the impact of Bankruptcy, Foreclosures, Short sales, Late payments, Tax liens, Credit inquiries, as they relate to determining credit scores.

In addition, we will explore case studies to show examples of how to improve credit scores in a reasonable time frame.  We will show you helpful hints on improving your scores and keeping them at a high level.

Last time, we touched on some basic understanding of credit scoring and gave generic hypothetical situations to outline a  general idea.  This time, we will focus on specific situations with actual credit reports in order to show the direct impact of our advice to improve our past clients' scores.

This seminar is designed to help realtors, but is open to the public.  Because of the enormous turn out we experienced 2 years ago, reservations are required.  Please RSVP to Karen at 610-837-1600 or you may email: andrew.williams@abacusmort.com.

Location:   BEST WESTERN located at 300 Gateway Drive, Bethlehem, PA 18017.
A continental breakfast will be served (Juices, Coffee, Tea, Danishes, Sweet Bread, Muffins, Bagels, Fruit)

This 1 hour of your time will earn you a lot more income! 

Andy Williams NMLS# 118317  (484) 695-5972 
President of Abacus Regional Mortgage

Download this free App for your I phone or Droid:http://andyw.mortgagemapp.com/mobile.



Monday, October 21, 2013

Ask the "Mortgage Man": FREE Mobile App for your I Phone or Droid

Ask the "Mortgage Man": FREE Mobile App for your I Phone or Droid: This FREE App offers you the ability to calculate total mortgage payments, and offers industry news and current interest rates.  It is all f...

FREE Mobile App for your I Phone or Droid

This FREE App offers you the ability to calculate total mortgage payments, and offers industry news and current interest rates.  It is all free and offered to you.  All you have to do is download the following:
 Here's a link to Andy Williams's mobile tool kit for mortgages: http://andyw.mortgagemapp.com/mobile.

Contact me with any questions or difficulties loading the app.

Andy Williams
President
Abacus Regional Mortgage
484 695 5972
www.abacusmortgage.com
NMLS # 118317


Saturday, October 5, 2013

Ask the "Mortgage Man": How is the Government Strike going to effect My Mo...

Ask the "Mortgage Man": How is the Government Strike going to effect My Mo...: How is the Government Strike going to effect My Mortgage? The answer is very little.  Other than the slow down of an already slow mortgage...
How is the Government Strike going to effect My Mortgage?

The answer is very little.  Other than the slow down of an already slow mortgage product (USDA), there will be very little delay to new loans and loans currently in progress. Unlike any other type of mortgage, the USDA loans require a full underwritten mortgage packet to be sent to them so that the USDA can rubber stamp the file with their seal of approval.  Assuming the strike continues for another week, this will delay the USDA loan closings for up to 2 weeks.  FHA, VA and other government backed mortgages will continue to get funded without delays.  These loans are insured by the government but not funded by the government, so they will continue without delay.  The only possible hiccup is that most lenders require an income tax transcript from the IRS prior to allowing funding on a loan.  This can be done at the very beginning of the loan process or just before the closing.  Most loans already in process have the transcript  in hand.  New loans that won't be closing for several weeks have plenty of time in which to obtain the transcript before closing.  The transcripts are usually processed within 48 hours, so there still remains plenty of time after the strike has ended, to get these documents from the IRS.  Rest easy, there is a 95% chance your loan will not be effected.

Andy Williams NMLS # 118317
President
Abacus Regional Mortgage
484 695 5972