Programs
Our mission statement: We are dedicated to delivering a new standard of service and innovation to mortgage lending that builds long-term relationships that result in customer for life. Getting to know each client and always treating them with the utmost consideration and professionalism are the qualities found in our team. At Mortgage Master Inc., we offer a variety of loan products and programs to suit your financial situation. Our menu starts with the traditional 30-year fixed rate mortgages for primary residences as well as loan terms for either 25-, 20-, 15- and even 10-year amortizations. In fact, a borrower can even customize the ...
What is a FICO Score?
A FICO score is a credit score developed by Fair Isaac & Co. Credit scoring is a method of determining the likelihood that credit users will pay their bills. Fair, Isaac began its pioneering work with credit scoring in the late 1950s and, since then, scoring has become widely accepted by lenders as a reliable means of credit evaluation. A credit score attempts to condense a borrower’s credit history into a single number. Fair, Isaac & Co. and the credit bureaus do not reveal how these scores are computed. The Federal Trade Commission has ruled this to be acceptable. Credit scores ...
FHA Loans
An FHA Loan is a mortgage loan insured by the Federal Housing Administration (FHA). The FHA does not provide the loan; rather, it insures the loan for the lender. If the borrower defaults, the lender can seek recourse from the FHA. This lowers the lender's risk and makes them more likely to issue a loan. The FHA was formed in 1934, and joined the Department of Housing and Urban Development in 1965. The organization has insured more than 33 million home mortgages since its inception. Today it continues to help families who may have credit issues or need low down ...
Today’s Economic Headlines
- Global markets regain ground but still edgy over Greece
Sunday, 20 May 2012, 8:20 pm
TOKYO (Reuters) - Markets recovered some ground on Monday after heavy losses last week, but investors remained wary about the euro zone despite world leaders calling for Greece to stay in the monetar. […]Economy News Headlines - Yahoo! News
- G8 growth talk leaves wary markets awaiting action
Sunday, 20 May 2012, 6:48 pm
(Reuters) - A pledge by leaders of industrialized nations to help the troubled world economy is unlikely to herald quick new action by Europe on its debt crisis, meaning more uncertainty for nervous. […] - Nasdaq 'embarrassed' about Facebook delay
Sunday, 20 May 2012, 6:48 pm
The CEO of the Nasdaq stock exchange says it is "humbly embarrassed" by its bungling of Facebook's hugely anticipated debut as a public company on Friday.MSNBC - Business
- NATO seeks unity on Afghan war despite French exit plan
Sunday, 20 May 2012, 5:54 pm
CHICAGO (Reuters) - NATO leaders charting a path out of Afghanistan sought on Sunday to dispel fears of a rush for the exits in the unpopular war even as France's new president vowed to stick by his. […] - Slideshow: What home buyers can get for $400,000
Sunday, 20 May 2012, 5:25 pm
Each week, TODAY real estate expert Barbara Corcoran looks around the U.S. to see what home buyers can get for their money.
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Why HUD still doesn’t get it
They still don’t get it. A couple of weeks ago with much fanfare the Obama Administration rolled out a new program that would allow FHA borrowers who...
A new, improved Good Faith
Finally, they might be getting it right. As a part of the sweeping changes to the mortgage industry, the federal government about two years ago stepped...
Appraising: An very inexact science
Published in The Daily Record, Dec. 30, 2010 Since the housing collapse, an iron curtain has been erected between loan officers and appraisers. Allegations...
