January 1, 2010 will issue in all types of new Mortgage Laws and Guidelines. Let me help you now, get into that new home or refinance your current mortgage loan and avoid all of the new 'red tape'.

Rates are projected to raise an entire point, bring them up to about 6%.

Working hard for you and everyone you know, with all of your mortgage needs. Thank you in advance for passing along my name and number.

Rates are in the 5% range. Perfect time to refinance, with a little breathing room before the holidays.

Information received since the Federal Open Market Committee met in June suggests that economic activity is leveling out. Conditions in financial markets have improved further in recent weeks. Household spending has continued to show signs of stabilizing but remains constrained by ongoing job losses, sluggish income growth, lower housing wealth, and tight credit. Businesses are still cutting back on fixed investment and staffing but are making progress in bringing inventory stocks into better alignment with sales. Although economic activity is likely to remain weak for a time, the Committee continues to anticipate that policy actions to stabilize financial markets and institutions, fiscal and monetary stimulus, and market forces will contribute to a gradual resumption of sustainable economic growth in a context of price stability.

So, based on this information, Rates are bound to increase between now and October by .5%.

Now is the time to refianance, give me a call before rates jump up too high.

Many Blessings,

Dawn Glass

L&G Mortgage Banc

505.459.7890

dglass@lgmortgagebanc.com

L&G's AAA Loan Process provides you with up front approval for your loan, based on your income, assets and employment. It's like cash in hand! Once your approval is issued, all that's left to do is ensure the property conditions, such as appraisal, preliminary title report and insurability, are met.

The AAA stands for Advance Advantage Approval.

Advance: Every customer gets their approval in advance!

Advantage: Why waste your time with a conditional loan approval, when you can have the advantage of a full approval up front?

Approval: Full loan approval issued up front for every loan at L&G!

This means more peace of mind and convience for you.

Time is running out for you to take advantage of the tax credit.....you have until December. Give me a call, and I'll tell you how you can take advantage!!!

Dawn Glass
L&G Mortgage Banc
505.459.7890

BUSTED! At least 178 loan mod. companies fired!

Before you write that $1500 check to modify your loan, make sure that the company you are about to do business list isn't on the "watch" list! If you're behind on your mortgage payments, it's better to contact your mortgage company directly.

http://www.thinkbigworksmall.com/mypage/player/tbws/12359/1135275

HVCC Costing Trillions in Home Equity

I need to start by saying that there are countless appraisers in the Albuquerque area that are doing everything they possibly can to be placed in the appraisal pool, and work to the best of their knowledge to complete a fair appraisal. I have several friends and business partners that are honest hard working appraisers and would not falter if their life depended on it. However lets look at the bigger nation wide picture. Potentially $1.7 trillion in home equity has been lost nationally due to the HVCC (Home Valuation Code of Conduct) This is significant because you will often have an appraiser conducting the appraisal that lacks the necessary local knowledge to properly assess your home and give it full value. It forecloses on your right to choose who performs services for you, it encourages shoddy work by not allowing appraisers to be compensated fairly for their work and actually takes away accountability for the appraiser as they have no motivation to perform the full scope of work necessary to offer a fair valuation of your property. What can you do about it? Hopefully if you just purchased your home, or refinanced your property you found no flaws in the new system. Fannie Mae has a new HVCC specific form for complains: you may phone 800.732.6643 for more information.

Many Blessngs,

Dawn

First-Time Home Buyer Tax Credit

More and more people are asking about the "First-Time Home Buyer Tax Credit"

Here is a brief run down of the program.
$8000 Home Buyer Tax Credit at a Glance
(The information on this page pertains to the American recovery and reinvestment Act, of 2009)

The tax credit is for first-time home buyers only. For the tax credit program, the IRS defines a first-time home buyer as someone who has not allowed a principal residence during the three year period prior to the purchase.

The tax credit does not have to be repaid.

The tax credit is equal to 10 percent of the home's purchase price up to a maximum of $8000

The credit is available for homes purchased on or after January 1, 200- and before December 1, 2009

Single taxpayers with incomes up to $75,000 and married couples with incomes up to $150,000 qualify for the full tax credit.

As a professional Loan Officer, I have found that the best way to satisfy my client’s needs is to offer exemplary service, a wide variety of loan products and of course competitive rates. A mortgage is usually the largest debt incurred by most consumers. Efficient mortgage management has been proven time and again to save my clients many thousands of dollars.As a professional Loan Officer, my objective is to provide you with information that will hopefully enable you to manage your real estate and mortgage more efficiently. Not only today, but in the future as your real estate and mortgage needs may change. In short I would like to be your "Trusted Mortgage Advisor".I am your Realty & Mortgage Counselor. Why am I offering this service? Quite frankly, I can save you money, time and the hassle associated with dealing with a third-party loan officer. In order to
accomplish this, I needed to find the perfect mortgage company, one that
mirrored my desire for excellent customer service.

My promise to you is that I will make the loan process a pleasant mortgage experience by ensuring the most competitive rates and offering you a simple, streamlined process. I appreciate your business.
Sincerely,
Dawn Glass