John Marbury.com

Blog

Private Mortgage Insurance (PMI) Removal

Private Mortgage Insurance (PMI) Removal

Homeowners Protection Act (HPA or PMI Cancellation Act) requires lenders to remove the PMI payments once the loan to the original value hits 78%, and payments are current.  HPA does not apply to Government loans such as FHA and VA.  Contact your lender fo

Sep 20, 2022 |

What is a Loan Estimate?

What is a Loan Estimate?

What is a Loan Estimate?  A Loan Estimate tells you important details about a mortgage loan you have requested. Review your Loan Estimate to make sure it reflects all of the terms  you discussed with us, and all of the names are spelled correctly.   Let u

Sep 19, 2022 |

Weekly Newsletter September 19th 2022

Weekly Newsletter September 19th 2022

Newsletter - 9/19/2022 Week of September 12, 2022 in Review Last week’s inflation data had a big impact on Stocks, Mortgage Bonds and mortgage rates, while chatter of a global recession made headlines. Don’t miss these important details: -Markets Plunge

Sep 18, 2022 |

What is a Closing Disclosure?

What is a Closing Disclosure?

What is a closing Disclosure?   Before closing  you will receive the “Initial Closing Disclosure” which is typically your last official estimate prior to closing.  The “Closing Disclosure” is a time sensitive document that needs to be signed at least thre

Sep 17, 2022 |

Interest Rate Daily September 12 to 16 2022: Current Bias LOCKING

Interest Rate Daily September 12 to 16 2022: Current Bias LOCKING

Looking for an actual rate quote Click > GET A QUOTE   Or contact John at 205-266-5669 or jmarbury@1stfed.com   Friday 9/16/22   8:31 AM Stocks have started the day sharply lower. The Dow is -334.45 at 30,627.37 and the S&P 500 is -36.40 at 3,864.94. Mort

Sep 16, 2022 |

Weekly Mortgage Newsletter September 12th 2022

Weekly Mortgage Newsletter September 12th 2022

Newsletter - 9/12/2022 Week of September 5, 2022 in Review News about home price appreciation and unemployment claims highlighted an otherwise quiet economic calendar, while Fed Chair Jerome Powell’s comments about inflation moved the markets. Here are th

Sep 12, 2022 |