Author Information
Michael Sanborn
Member since 22nd August 2006
Occupation: Mortgage Professional
Mike has 8 years of underwriting and origination experience. He has pioneered the flat fee approach to provideing mortgage services and has saved his clients thousands of dollars compared to most 1% or more brokerages.
02nd July 2008
According to the recent OFHEO report issued May 22, 2008, US housing prices decreased .03% year over year on average. Like all of these housing reports, I think it is important to know what is influencing that number. The most significant point to me is t...
29th August 2007
According to the S&P/Case-Shiller® U.S. National Home Price Index, there isn’t a lot of good news in the housing market. But they make an interesting observation: “During this cycle, Boston was the first metro area to report negative year-over-year r...
05th March 2007
It is simple mathematics: Most homeowners are only comfortable with a 30 year fixed rate mortgage. Most homeowners do not have their mortgage for longer than 5 years. Therefore, most homeowners are paying thousands of dollars in additional interest just b...
26th January 2007
For those of us in the real estate and mortgage industry, much of the recent news is causing us to wonder if many of us will still be here this time next year. The real estate industry is changing and any successful agent or mortgage broker must adapt to ...
15th November 2006
Adjustable Rate Mortgage interest rates are made up of two things ? the Index value (the portion that fluctuates) and the fixed Margin. Combined they equal the interest rate charged on your loan. The Index (Treasury-based, LIBOR, COFI, COSI, etc.) can flu...
15th November 2006
Adjustable Rate Mortgage interest rates are made up of two things ? the Index value (the portion that fluctuates) and the fixed Margin. Combined they equal the interest rate charged on your loan. The Index (Treasury-based, LIBOR, COFI, COSI, etc.) can flu...
