Sure, Mortgage Rates Are Lower, But Mandatory Fees Are Not

Comments(0) By Mike Miller •January 7th, 2009

With respect to mortgage rates, you can’t always believe what you read in the papers.  Or what you see.
A terrific example is the chart at left.
Published by Freddie Mac, it shows the 30-year fixed mortgage’s “going rate” as reported by the nation’s mortgage lenders. On December 30, 2008, that rate was 5.1 percent.
But 5.1 percent is [...]

The Government has our Fannie covered!

Comments(0) By Mike Miller •September 11th, 2008

Last weekend, our government announced a “bailout”  of both FANNIE MAE and FREDDIE MAC. This is an important event in our industry.  I want to be sure I connect with you on some of the details, and answer any questions you may have.
What is Fannie Mae & Freddie Mac?
In simple terms, Fannie Mae and Freddie Mac [...]

Avoid the most common Danville real estate loan mistakes

Comments(0) By Mike Miller •July 29th, 2008

Through the past 22 years, Mike Miller has been an industry leader in Danville Mortgages and Danville Real Estate.  Both in product innovation and consumer education.  We proudly present to you this post to uncover some of the most common areas where consumers are often victims.  We hope this will assist you when choosing among [...]

Mortgage Myths, Facts, and Fallacies…

Comments(0) By Mike Miller •July 21st, 2008

If you are uninformed, or misinformed, it will amount to the same thing…less business for you.  Allow me, fellow real estate professionals, to clarify a few points regarding the current world of mortgage finance.  This is very important stuff…
The most important thing to know is that you cannot let your client do whatever you USED [...]

Danville Real Estate is easy to finance!!!

Comments(1) By Mike Miller •June 11th, 2008

If your business slows down (for any reason), the ability to work with “what you have” is of utmost importance.  Knowing where to go to get good but creative financing is extremely valuable these days.  Luckily, with 20 year experience in Danville, I am the expert and finding ways to put your clients into homes.  [...]

About The Danville Mortgage Blog

The Danville Mortage Blog is your premier source for information on Danville real estate, home loans in Danville, general mortgage knowledge, real estate market updates and Danville community information. On top of all this, you will find leading Danville real estate agents showcased, making your selection of a real estate agent easier.

For Danville real estate agents, you'll find valuable tips on how to take your real estate business to the next level. We're also a wonderful place to keep up on the ever changing mortgage industry.

Prospect Mortgage Equal Housing Lender

Equal Housing Lender. Prospect Mortgage is located at 15301 Ventura Blvd., Suite D300, Sherman Oaks, CA 91403. Prospect Mortgage, LLC is a Delaware limited liability company licensed by the CA Dept. of Corps. under CRMLA and operates with the following licenses: AZ Mortgage Banker License #BK0903027, #BK0909362, #BK0908046, #BK0908050, #BK0908056, BK#0908057, #BK0908058, #BK0908731, BK#0903112, BK#0903912, BK#0906650, BK#0906913; To check the license status of your CO mortgage broker, visit www.dora.state.co.us/real-estate/index.htm; GA Residential Mortgage License #16984; IL Residential Mortgage Licensee #6424; MA Mortgage Lender/Broker License #MC2011; MS Licensed Mortgage Co.; MT Residential Mortgage Lender Licensee #120; NV Division of Mortgage Lending Mortgage Banker #1173 and Mortgage Broker #3095; Licensed by the NH Banking Dept.; Licensed Banker-NJ Dept. of Banking and Insurance #9932415; Operates as Metrocities Mortgage, LLC in NY (Licensed Mortgage Banker—NYS Banking Department); Operates as Metrocities Mortgage, LLC in OH (Ohio Mortgage Broker Act, Lic # MB.803629.000); OR Mortgage Lender Licensee #ML-2006; PA Dept. of Banking license #1740; RI Licensed Lender #20021343LL, Broker #20041643LB; licensed by the VA State Corp. Commission as MC-2195.

This is not an offer for extension of credit or a commitment to lend. All loans must satisfy company underwriting guidelines. Information and pricing are subject to change at any time and without notice. This is not an offer to enter into a rate lock agreement under MN law, or any other applicable law.