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Steve Morgan's Blog

By Steve Morgan - (302) 541-5363 | Mortgage Broker
or Lender in Bethany Beach, DE
  • Trends - Gov't Mortgage rates for borrowers and buyers!

    Posted Under: Home Buying in Bethany Beach, Home Selling in Bethany Beach, Financing in Bethany Beach  |  September 19, 2011 11:04 AM  |  249 views  |  No comments

    Buyers, Sellers and Borrowers,


    We in the mortgage biz watch interest rates day-to-day, even hour-to-hour, as we strive to provide clients with well-reasoned choices. But compared to the task of predicting where rates will be in a few months, our short-term job is easy. Not only do we have a shaky Greek sovereign debt to worry about, we have an even less predictable U.S. political process to worry about—and the 2012 campaign is upon us. It seems to me and others, as a result, a good time for clients to arrange the financing now that may need to be nailed down in the foreseeable future.


    An article of interest and if it comes together could benefit many that others have been shut out of saving money.



    Contact me anytime …


    Steve Morgan

    Fairfax Mortgage Investments


    Office 302.541.5363

    Cell 443.226.5297

    eFax 302.261.026

    aol: bethanymortgages


    www.fairfaxmtg.com or  www.bethanybeachlender.com


  • Housing Market on its Way to Repair?

    Posted Under: Home Buying, Home Selling, Financing  |  March 4, 2011 8:20 AM  |  200 views  |  No comments

    What are the Experts are saying from Wall Street Journal. ?!?  Get signed up for my newsletter today.

    Steve Morgan

  • Income Up or Down for Buyers?

    Posted Under: Home Buying in Bethany Beach, Home Selling in Bethany Beach, Financing in Bethany Beach  |  February 25, 2011 8:15 AM  |  256 views  |  No comments

    How to get a buyers Debt to Income (DTI) ratio below  Fannie and Freddie’s guide lines at no risk. DTI is the ratio of monthly bills to monthly income and today anything higher than 45% won’t fly these days for qualifying. 

    Example $10,000 in household income means buyers has $4500 in gross income to qualify for a mortgage and other debts such as car payments, taxes, insurance, credit card debt, loans etc.

    Instead of lowering the price of inventory not moving – lower the rate to help the buyer qualify and write it in the contract to protect all involved.   Show your buyers how you’ll save them money over the years, show your Sellers how you are working with professionals to sell their listing.

    I provide these reports as part of my business partnerships and they are online and shared with agents, sellers, buyers, CPA’s and Financial Advisors.

    Steve Morgan
    Fairfax Mortgage Investment



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