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Hello my name is Matthew Thomas, a Sr. Mortgage Loan Officer at Custom Financial Services.  My goal is to make you a customer for life! How do I do this? I can accomplish this goal by treating each and every one of my clients the way I would like to be treated with honesty and respect.  Also Custom Financial Services stays on top of the latest mortgage technologies to make your mortgage experience run smoothly.  Some things you may find useful are our fully loaded real estate glossary, over 10 different mortgage calculators, automatic email updates on the progress of your loan in process, your own personal login to this site, plenty of updated information on the market, and much much more.  We serve all of California and Georgia with top of the line customer service. Mortgages are our specialty!  The best place for your home loan is Custom Financial Services.

Todays market is constantly moving.  Lenders are changing guidelines everyday.  Let us, the mortgage professionals at Custom Financial Services, help you make the right decision on which loan will be a custom fit to you and your situation and when to lock in your new home loan. Fannie Mae and Freddie Mac, two government agencies, have made it tougher to purchase and refinance your homes.  So now is the time to keep you credit in excellent condition.  680 and up is the key to acquiring any loan you want, once you drops below this number it becomes more difficult.  That number used to be 620 but these government agencies have raised the bar.  But there is still hope!  If you have credit issues we can help you improve your scores. 

Sincerely Yours,

Matthew Thomas

DO YOU KNOW ABOUT FHA?

FHA Loans Facilitate Home Ownership

The Federal Housing Administration (FHA) program first began in 1934 in an effort to encourage home ownership despite the difficult economic times of the era. The program enables consumers who may not qualify for a standard loan to obtain the financing they need to purchase a home without income limitations.

FHA loans differ from typical loans in that they are insured by the Federal Housing Administration, which is a part of the Department of Housing and Urban Development (HUD). Because this insurance reduces the lender's risk on the loan, lenders have greater flexibility with regard to approving loans. For example, FHA loans are not credit-score driven, so a client may be able to obtain a loan despite having had credit problems or even a bankruptcy in the past. Alternati vely, if a consumer does not have a traditional credit history, it is still possible to obtain financing by documenting payment histories on items such as rent and utilities.

FHA loans also provide added flexibility when it comes to closing costs and the down payment. Many of the closing costs can be incorporated into the loan, and a down payment of less than 3% of the purchase price is required. The down payment may be obtained as a gift from a family member or through a down-payment assistance program. FHA loans are processed just like any other loan, and they provide a wonderful opportunity for consumers who are seeking to achieve home ownership!

So ask about a FHA loan today!!


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Daily Mortgage News:
 
Mortgage Rates Plummet
12/4/2008 10:57 AM
If mortgage rates keep up their current pattern of decline, the forced rate reduction allegedly under discussion at the Department of the Treasury may not be necessary. After showing a net loss of 23 basis points during November, the 30-year fixed-rate...(read more)...Read More
 
Bernanke Recommends Buying Mortgages to Help Stave Off Foreclosures
12/4/2008 10:53 AM
Federal Reserve Chairman Ben Bernanke said market failure is inhibiting loan modifications and that the Fed may start buying securities to help drive down the mortgage rate. Speaking about the housing market at a conference organized by the Federal Reserve...(read mor...Read More
 
FDIC's Bair Defends Community Reinvestment, Supports Loan Modification
12/4/2008 10:09 AM
FDIC chairman Sheila Bair said the government has been behind the curve when it comes to preventing foreclosures, and she called for regulators to use their authority in creating flexible rules for making free loan modifications a top priority. She also...(r...Read More
 
Treasury's New Plan - 4.5% Mortgage Rates
12/4/2008 8:17 AM
NOTE: Follow Mortgage Rates with our Daily Rate Commentary Homeowners may soon enjoy mortgage rates as low as 4.5 percent if the Treasury Department has its way. According to The Wall Street Journal 's on-line addition late Wednesday, the department...(read more)...Read More
 
Increased Fed Lending Could Destabilize Financial System
12/3/2008 1:03 PM
Richmond Federal Reserve Bank President Jeffrey Lacker said a dramatic increase in Fed lending could destabilize the U.S. financial system. Delivering remarks to a panel discussion on the economic outlook, Lacker said central bank lending can distort...(read more)...Read More
 
Condo Prices Falling Across Manhattan, Radar Logic Report Shows
12/3/2008 10:15 AM
Neighborhoods across Manhattan saw condo prices slide in September compared to a year ago, with the steepest drop seen in the financial district, where prices fell 16.1%, according to a report from Radar Logic. The RPX monthly Manhattan Neighborhoods...(read more)...Read More
 
Community Lending Not Responsible for Mortgage Crisis
12/3/2008 10:13 AM
Federal Reserve Governor Randall Kroszner said there is no evidence that programs boosting community lending spurred the mortgage crisis . Delivering remarks on the topic of the Community Reinvestment Act (CRA) and the mortgage crisis, Kroszner said mortgages...(Read More
 
MBA Mortgage Applications Spike Sharply Higher
12/3/2008 8:40 AM
Weekly mortgage applications in the United States increased sharply in the week ending Nov. 28, according to data released from the Mortgage Bankers Association (MBA) on Wednesday, which reported a 112.1% week-over-week rise in applications. In the previous...(read moreRead More
 
HOPE NOW Reports Record Workouts in October
12/2/2008 10:59 AM
HOPE NOW , the private sector alliance of mortgage servicers, counselors, and investors announced last week that they had set a record in October for the number of foreclosures averted. The alliance said that its mortgage industry members had prevented...(read more)...Read More
 
Paulson Says More TARP Programs on the Way
12/1/2008 4:24 PM
Treasury Secretary Henry Paulson said on Monday the Treasury is developing new programs under the Troubled Asset Relief Program (TARP) and that he's confident the Treasury is pursuing the right strategy. "We are actively engaged in developing...(read more)...Read More





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