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FHA Mortgages: Enough Already!

January 13, 2012 by Sherri Sherpy 4 Comments

Borrowers are going to pay more for an FHA loan in 2012.  FHA mortgage insurance premiums are going up AGAIN.  This change could possibly take an approved loan file straight to the DENIED bin. The recent, signed legislation to extend the payroll tax deduction means an increase in FHA’s mortgage insurance premium.  The FHA (Federal [...]

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FHA, Financing, mortgage insurance
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Mortgage Interest Rates, Closing Costs and Mortgage Calculators

January 11, 2012 by Sherri Sherpy 0 Comments

You are in your jammies, its 1:00 AM and visions of new homes are dancing in your head.  How much is this going to cost?  What interest rate will you get?  Who are you gonna call?  No need, my friend…the internet has got you covered! Information is GOLDEN.  And if you are like most, you [...]

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Financing, Uncategorized
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Nothing About Industry, A Lot About EVERYTHING

March 5, 2011 by Sherri Sherpy 1 Comment

Recently, my daughter had to write a short essay from a list of topics for her English class.  I wanted to share.  There is a whole lot of wisdom in this teenager’s thoughts……….. One of the things that confuse me most in life is why people accept average or less than average.  People live in [...]

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Uncategorized

HOME BUYERS: GET A REALTOR, PLEEEEZ! A Loan Officer Rant

February 26, 2011 by Sherri Sherpy 1 Comment

The MN Mortgage Mom is on a rant. I’m a little crazy right now. ATTENTION BUYERS! Long gone are the days of easy real estate, no doc financing and everything in between. Let me direct your attention to “today’s world”: Short sales, foreclosures, banks and asset managers…are you really equipped to deal with these realities? [...]

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Financing, Real Estate, Trends

Does Your Loan Officer Wear Lime Green Polka Dotted Underwear?

January 19, 2011 by Sherri Sherpy 3 Comments

Okay, perhaps that’s a little TOO much information!  Perhaps you really don’t need to know what splash of color your loan officer is bestowing on his or her bloomers on any given day. But what you SHOULD know is who your loan officer IS. Let’s see….scum bucket, slime ball, scammer, fraud frog…any of these ring [...]

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Financing, Real Estate, Regulatory

Who Is Going To Write These Loans?

January 5, 2011 by Sherri Sherpy 0 Comments

The mortgage industry has seen much blood shed in the last 2 years, particularly in the last year.  After reading a very interesting magazine article, I began to think about the future…the eminent future and a big question arose, “Who the heck is going to write these loans”?  What is the MN Mortgage Mom rambling [...]

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Financing, Home Values, Real Estate, Trends, Uncategorized
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Ready To Sell That Flip? Not So Fast, Big Guy…

October 2, 2010 by Sherri Sherpy 0 Comments

Flipping a home…how to successfully sell your home to the FHA buyer.

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FHA, Financing, Real Estate, Trends
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Home Values…You Got It, Your Home Is NOT Worth What You Thought.

September 20, 2010 by Sherri Sherpy 1 Comment

I’m certainly not an appraiser or an expert on home values, but being in the biz as long as I have, I do have a fairly good understanding of appraised home values and the ever restrictive lending requirements behind it. For many who have had an appraisal done in the past year or so, may be able [...]

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Financing, Home Values, Real Estate
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