Articles written by Michael Scharfe
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Mortgage Minute: A year in review
It is hard to believe that one year has passed since this first Mortgage Minute article came out. It has been fun working this up every month. I would like to thank those who encouraged me to write the article, those who provided ideas, and those...
Mortgage Minute
Construction loans can be a great way to help you achieve the goal of building your dream home. Construction loans are typically a 12-month line of credit. Funds are disbursed from this line to pay the contractor to build your home. During this...
Mortgage Minute - Temporary Buy Downs
Last month I wrote on the availability of buying down the rate where the borrower pays an upfront fee to have the rate reduced for the life of the loan. There is another option when buying down the rate that is called a temporary buy down. The most...
Mortgage Minute - Acronyms
Whether you find them in a text message, reading a report, or — might I say — choosing a mortgage loan, acronyms are everywhere. Some of the most frequently used ones in the mortgage world are FHA, VA, and RD. FHA stands for Federal Housing Adm...
