About Jolynn Craig

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So far Jolynn Craig has created 33 blog entries.

Congress Extends Mortgage Insurance Deduction

By | 2013-01-04T15:41:39+00:00 January 4th, 2013|

Well it's GOOD NEWS FRIDAY folks!!  With the passage of American Tax Payer Relief Act of 2012, Congress extended into 2013 the ability to deduct mortgage insurance paid monthly premiums for private mortgage insurance, FHA monthly mortgage insurace, USDA monthly mortgage insurance and the funding fees for VA, Native American and USDA loans.  The amount you will [...]

When it comes to closing on a home, what happens during a natural disaster?

By | 2012-10-30T14:44:26+00:00 October 30th, 2012|

  With the visual we’ve seen the last few days of the havoc wreaked upon the Northeast US by Hurricane Sandy, have you ever wondered what happens when you’re scheduled to close on a home and a natural disaster hits?  First, to state the obvious, if you’re in an area in the middle of a [...]

Identity Theft – What it is

By | 2012-09-25T16:56:29+00:00 September 25th, 2012|

Identity theft is when someone uses your personal identity to commit fraud or some other type of crime.  Examples of identity theft is when someone uses your personal information to obtain credit, loans, a job, medical care, use of your social security number, banking accounts, and the list can go on and on.  The Federal [...]

REAL Hope for Homeowners

By | 2011-10-21T20:58:43+00:00 October 21st, 2011|

I wanted to take the time to tell about a recent loan I closed.   Earlier in the summer, my client contacted their mortgage servicer in regards to the Hope for Homeowners program and was trying to refinance their house.  When they called they had made all their mortgage payments on time, but were drowning in [...]

Credit 101 – How does credit get on your credit report

By | 2011-10-21T20:56:08+00:00 October 21st, 2011|

Credit gets on your report because some, but not all, creditors report it.  First the creditors set up an account with the one, two or all three credit reporting agencies and begin a reporting process.   That’s actually quite the loaded statement because it’s a little bit more complicated that that.  Not every creditor can set up [...]

Credit 101 – What is credit

By | 2011-10-21T20:52:17+00:00 October 21st, 2011|

I get more questions about credit than anything else in the mortgage financing realm. What I have found is that most people have no idea what credit is, where it comes from and how a person gets a credit score.  Thought I might write a bit about what I know about credit and answer those [...]

Homepath Financing

By | 2011-10-21T19:47:18+00:00 October 21st, 2011|

Fannie Mae offers some great financing options for many of their selected foreclosed homes. This conventional loan is being used to hopefully stabilize the housing market and allow for incentives to encourage the home purchase market. One of the things that make Homepath great is that there is no required appraisal. Fannie Mae has already [...]