Family and Mortgages. That is odd.

Early this morning we were reading our devotions for the day and low and behold what a story.

First my coffee cup, that incidentally was in the dish washer and we did not want to make any noised as Ms. Gayle (my Wife) had gotten up earlier

and went to the front bedroom to sleep due to some pain issues. (very unselfish I might add)
Well enough said; we went to the pantry, and got a cup that we do not normally use and it had an inscription on it that said "Friends are the family that you choose," interesting huh.
Next we get back to the reading and the heading "Preserve relationships."
Here we go ok God what life lesson do have for me today.
The scripture was from Genesis 12 about Abram and his nephew Lot. The Herdsmen were arguing about the pasture land.
Abram said to Lot lets not quarrel about pastureland for our herds, so Abram let Lot choose.

What does this say about Mortgages, nothing; however there are choices out there make the right one. Mr. Will from Jacksonville

And yes the Quote for the day from Forbes was

“Only the bold get to the top.”
— Publilius Syrus
Now how does that play into the above?

Home Under Water

Home under water?
The two main servicers of mortgages made some changes regarding refinancing homes that are under water. These new provisions became effective on November 15th.

At 5pm yesterday, both Fannie and Freddie released their "versions" of the Home Affordable Refinance Program.

Here is a small excerpt,

“For loan applications on or after December 1, 2011, eligible loans are those "sold" (not closed) to Fannie and Freddie BEFORE June 1, 2009.”

This could be a great opportunity for clients who intend to remain in their homes and need to take advantage of these lower rates. However, this is not for everyone. Please see the attachment we sent to everyone regarding these refinancing changes. There are some very important details that you need to read.

If you would like more information, please visit my Website HERE.