Joe Farro's Blog


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Patience Equity1 Comments
Home Prices & Rents are increasing1 Comments

Recent Topics
Tax Reform - Good for us?
Are You a Buyer Looking for a Short Sale?
The Qualified Mortgage
Patience Equity
Plan for Your Home Loan

Recent Comments
2012-05-03 04:37:24Carla HaightPatience Equity
2012-04-11 11:57:38carla haightHome Prices & Rents are increasing

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settlements (1)
foreclosures (2)
refinance (1)
fha (3)
property taxes (2)
home smart (10)
trauma loans (2)
loan application (3)
home buyers (7)
va (1)
short sales (3)
qualified mortgage (1)
realestate legislation (1)

Archives
May 2012 (3)
April 2012 (6)
March 2012 (5)
February 2012 (1)

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Tax Reform - Good for us?

Posted by: Joe Farro, Certified Mortgage Planner
2012-05-17 11:06:19

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Categories:   home smart | home buyers | short sales | property taxes | realestate legislation

Tags:  mortgage interest deduction,  capital gains,  mortgage legislation


Are You a Buyer Looking for a Short Sale?

Posted by: Joe Farro, Certified Mortgage Planner
2012-05-08 06:24:23

    It seems that there is a significant amount of confusion when it comes to purchasing a short sale. There are many misconceptions when it comes to this type of transaction, so below I have provided some information to po...[read more...]

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Categories:   home smart | home buyers | short sales

Tags:  Short Sales,  Home Smart,  Home Buyers


The Qualified Mortgage

Posted by: Joe Farro, Certified Mortgage Planner
2012-05-02 19:17:58

The Qualified Mortgage We often discuss the difference between the PRICE and the COST of a home. We want buyers to realize, in many ways, the cost of a home is more important to them than the actual price. Obviously, price is part of the cost equation. The other piece, available fin...[read more...]

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Categories:   home smart | home buyers | loan application | qualified mortgage

Tags:  QRM,  QM,  Qualified Mortgage,  Qualified home loan, 


Patience Equity

Posted by: Joe Farro, Certified Mortgage Planner
2012-04-27 06:21:58

When purchasing a home in todays market there are many options.  I believe that it is our responsibility to set the right expectation for buyers and sellers.  It basically breaks down like this; Resales, New Homes, Foreclosures and Short Sales.  From a time line for&nbs...[read more...]

1 Comment

Categories:   foreclosures | home smart | home buyers | short sales

Tags:  Short Sales,  foreclosures. home equity,  home smart


Plan for Your Home Loan

Posted by: Joe Farro, Certified Mortgage Planner
2012-04-26 07:07:36

    Plan For Your Home Loan With good preparation, most things are easier. That works in mortgages too! Today, I want to give you some ideas that can make your mortgage experience less painful.  ...[read more...]

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Categories:   home smart | home buyers | loan application | trauma loans


VA & Home Loans

Posted by: Joe Farro, Certified Mortgage Planner
2012-04-19 07:21:48

  One of the great things about this country is that we do a lot for those who have served us.  And in the area of real estate financing, there are some exceptional opportunites to take advantage of. Understand that the VA (Veterans’ Administration) is...[read more...]

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Categories:   home smart | home buyers | va

Tags:  VA Home Loans


3 Questions to Answer when buying a Home

Posted by: Joe Farro, Certified Mortgage Planner
2012-04-17 06:26:07

    3 Questions to Answer when buying a Home! If you are thinking about purchasing a home right now, you are surely getting a lot of advice. And some of that advice is probably negative. Why b...[read more...]

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Categories:   home smart | home buyers


6 Dont's After you apply for a loan

Posted by: Joe Farro, Certified Mortgage Planner
2012-04-12 07:13:18

    6 Dont's After You Apply For A Mortgage I learned a long time ago that “common sense is NOT common practice“. This is especially the case during the emotional time that surrounds buying a ...[read more...]

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Categories:   home smart | loan application


Home Prices & Rents are increasing

Posted by: Joe Farro, Certified Mortgage Planner
2012-04-11 07:43:09

  Homes & Rents are Increasing! We report on Fannie Mae’s Quarterly National Housing Survey every ninety days. Fannie Mae also does a monthly survey covering different aspects of the housing market. Here are some record numbers we found interesting in F...[read more...]

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Categories:   home smart

Tags:  Home Prices,  Rent


Do you have a loan in trouble?

Posted by: Joe Farro, Certified Mortgage Planner
2012-03-30 09:52:05

Expert loan trauma team is standing by, ready to assist you and your clients!  Do you want answers? Do you need the truth? Has another lender failed to deliver on promises or disappeared all together? Find out in 24 hours or less if you can close! Call Premier Capital ...[read more...]

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Categories:   fha | trauma loans

Tags:  life support loan,  closed loans on-time,  premier capital mortgage


Home Cost vs Home Price

Posted by: Joe Farro, Certified Mortgage Planner
2012-03-19 06:58:36

    Cost vs Price   We have often advised buyers to look at the COST of purchasing a house more than the PRICE of the home. Obviously, price is part of the cost equation. Th...[read more...]

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Categories:   home smart

Tags:  home cost,  home price,  market bottom


Save Money on Property Taxes - PT50R

Posted by: Joe Farro, Certified Mortgage Planner
2012-03-15 05:47:54

Saving money is always an important goal and we would like to assist you with this. Paying your share is still the responsible thing to do. Paying more is not, and I want to help you.   One way homeowners are able to save money on their tax bill is to challenge the property assessment. ...[read more...]

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Categories:   property taxes

Tags:  property tax assesments,  pt50r,  lower property taxes


The Screws continue to Tighten. Buyes take action Now!

Posted by: Joe Farro, Certified Mortgage Planner
2012-03-09 07:34:24

Just updating on the new changes on FHA.  Collections Mortgagee Letter 2012-3 provides greater clarity to Mortgage professionals and clients when dealing with questions regarding credit.  These changes take effect on loans on or after April 1, 2012.  The major change is t...[read more...]

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Categories:   fha

Tags:  FHA MIP & Collections


HUD MIP Going Up!

Posted by: Joe Farro, Certified Mortgage Planner
2012-03-01 06:49:28

    HUD will be increasing MIP in April   In a move to increase their financial standing (and to get the FHA back into required capital requirements), on Monday, HUD announced their anticipated increa...[read more...]

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Categories:   fha

Tags:  FHA MIP, 


25 Billion Helping Who?

Posted by: Joe Farro, Certified Mortgage Planner
2012-02-13 06:50:12

Last week, the Federal government and 49 state governments (Oklahoma being the exception) agreed to a $25 billion settlement regarding robo-signing and the challenges it created in the foreclosure process. We want to give a synopsis of the settlement and some perspective on what effect i...[read more...]

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Categories:   settlements | foreclosures | refinance

Tags:  National Servicing Settlement,  Foreclosures,  Refinance, 


My Mortgage Banker

Joe Farro

Joe Farro

Certified Mortgage Planner

NMLS# 153572

p)   678-289-6600
f)   678-289-6601
 

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I would love to help you get your next home loan. I am committed to making sure the process is smooth and hassle free...