Nick Pakulla - Mortgage Lender Loan Officer in MD, DC, VA

There are some very positive signs in the economy are emerging and Fed policies are keeping Rockville MD mortgage rates near historic lows.

We strongly encourage spring buyers to get fully-approved now to avoid missing out on “the one.”  Without having an approval letter buyers could risk missing out on their dream home, or at the minimum be under high-stress to gather and send the required approval documentation last minute.  Our bank approvals are good for up to 1 year, there is no cost or obligation, and approvals can be turned around in 1 hour. 

Mortgage News Headlines of Interest:

• US Jobless Claims fall to 4-year low, consumer confidence up, Bloomberg: http://buswk.co/wQBtva
• Mortgage delinquencies hit 3-year low, Wall Street Journal: http://on.wsj.com/x4QdRs
• Standardization proposed for monthly Mortgage Statements by CFPB, New York Times: http://nyti.ms/yuaEuN
• $25 Billion Mortgage settlement deal FAQ (not to be confused with the HARP refinance program), Bankrate: http://bit.ly/xCfRF4
• Murmurs that FHA Mortgage Insurance Premiums will be increasing again this year, Reuters: http://reut.rs/AcpNUH

Our Community Bank is here to support you and your buyers, with our ability to close loans in 2 weeks, 10% down second trust products above the loan limits, and 5% no monthly mortgage insurance products we are ready to get you and your buyers to settlement on time with ease.

As always, we are accessible anytime to go over payments, closing costs, and issue approval letters at any time.  301-585-RATE (7283).  I hope you had a great holiday weekend!