Entries by Charlie Christensen


Tame consumer prices in September are lifting rates while lowering yields this morning. Stocks have trimmed early morning losses on the lower inflation data. Freddie Mac reports that mortgage rates rose this week and are now at seven-year highs, similar to what the Mortgage Bankers Association reported on Wednesday. However, when looking at mortgage rates […]


Mortgage Rates are drifting a little lower, giving up some of yesterday’s gains thanks to year over year gains in wholesale or “Producer” inflation. The Mortgage Bankers Association reports that mortgage rates rose in the latest week to levels not seen since February 2011. I am recommending floating to start the day but be on […]


Mortgage Rates begin the holiday shortened week near unchanged and off the worst levels as prices attempt to recuperate after last weeks plunge in prices and the rise in Mortgage Rates. There were no economic reports due for release today. To begin the week, I am recommending floating. One customer well taken care of could […]


The solid September Jobs Report pushed Mortgage Rates are a bit lower this morning, despite a decline in the Stock markets. Job growth slowed in September due to Hurricane Florence, but July and August were revised higher while the Unemployment Rate fell to a 50-year low. Heading into the weekend, I am recommending locking until […]

Who is Eligible for a VA Loan?

Veterans who served on active duty and were discharged under conditions other than dishonorable, during World War II and later periods are eligible for VA loan benefits. World War II (September 16, 1940 to July 25, 1947), Korean conflict (June 27, 1950 to January 31, 1955), and Vietnam era (August 5, 1964 to May 7, […]

VA Loan Questions and Answers

Can I get a VA loan if I have had a bankruptcy in the last few years? VA credit standards state that a veteran with a bankruptcy less than 3 years ago would generally not be considered a satisfactory credit risk unless: the veteran or spouse has obtained items on credit since the bankruptcy and […]

5 Steps to a VA Loan

Apply for a Certificate of EligibilityA veteran who doesn’t have a certificate can obtain one easily by completing VA Form 26-1880, Request for a Certificate of Eligibility for VA Home Loan Benefits and submitting it to one of the Eligibility Centers with copies of your most recent discharge or separation papers covering active military duty […]

Bankruptcy Questions and Answers

I am a cosigner for a debt, how does bankruptcy affect my obligation? If the debt is a dischargeable debt then you will not have to pay it. However, the cosigner will become primarily responsible for the debt. Be sure to list the co-signer as a creditor in your schedules as they have a contingent […]

Bankruptcy and Bill Collectors

One of the major benefits of filing for protection under Chapter 7 is that many creditor actions are stayed. This means that debt collection efforts and foreclosure is halted. Once a creditor or bill collector becomes aware that you have filed for bankruptcy protection, he or she must stop all efforts to collect the debt. […]