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Recent Articles

Jan
16
2020
Introducing Prospect Financial Group’s Top Loan Officer for Quarter 4, 2019
With 2019 behind us - Prospect Financial Group’s biggest year ever for business - we also want to take time to recognize our Quarter 4 mortgage champ: loan officer Cameron Alley! Of course, this recognition is determined by the total amount of business (closed loans) from that...
Jan
12
2020
A Quick Word on Rates, and Bad News
With recent global tensions mounting between the U.S. and Iran, I wanted to take a break from elaboration on major mortgage topics: this time, we’ll briefly discuss the relationship between news and mortgage rates. As we’ve discussed in our article on rate locking, mortgage...
Jan
02
2020
Types of Mortgage-Backed Securities: Explained
There are many different types of mortgage-backed securities, and I want to review a few of these primary “MBSs”, and the ones that you will most likely fall under when financing for residential lending!   The most popular agency types are Fannie Mae, Freddie Mac,...
Dec
26
2019
When Does it Make Sense to Refinance?
There are a lot of misconceptions relating to whether it makes financial sense to refinance if you are only dropping your rate by one-half of one percent. I have often heard customers say that they “don’t think it’s worth it unless they can drop their interest rate by a...
Dec
18
2019
Mortgage Pre-Qualification: Pros & Cons
In this article series, we’ve already discussed getting pre-approved for a home purchase mortgage: a process which involves gathering definitive proof of income (W2s, 10-40s, pay stubs, etc.), credit / FICO score info, and employment verification for the purposes of...
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