Testimonials

Thank you so much for taking the extra effort to make our first home purchase successful. You were there guiding us through all the crucial and important steps! You really listened to what we wanted in our home and you found exactly what we were looking for - at an amazing price! If we ever outgrow this home, we'll definitely be calling you! The Freeman Family
It gives me great pleasure in expressing my sincere appreciation for the rare professionalism displayed by agent, Sylvia Lambert, in negotiating the recent sale of my real estate property. Sylvia was undeterred in her efforts to sell the property. She coordinated each and every aspect with precision. She made sure that every detail was covered. In addition, her pleasant disposition and manner made things easier during difficult times. Jerome T. Cater
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Blog: loan

Read This First Before Buying a Foreclosed Property

Due to the mortgage crisis that our country faced over the last several years, there are continually more foreclosed properties that are surfacing on the market. Purchasing a foreclosed property can be very tempting for home buyers, as people can sometim... Read more

Potential Hurdles that can Delay Closing, Pt. 3

Just to recap, an underwriter may require additional documentation to complete your loan packet. What is requested can vary vastly from needing an updated bank statement that confirms you have ample funds to close to re-signing a form that isn’t ve... Read more

Potential Hurdles that can Delay Closing, Pt. 2

As I mentioned yesterday, there are several issues that have the potential of delaying closing. A home not appraising properly or any repair issues noted on the appraisal report, which then become lender required repairs, may cause a glitch in closing on... Read more

Potential Hurdles that can Delay Closing

When you go under contract on a home, there are many issues that can cause a closing to be delayed. Knowing these issues in advance, may help you to circumvent these potential roadblocks or, at the very least, empower you to make preparations in the event... Read more

Buying a Home Means Providing the Right Documentation

Once you have decided on a goal, it is often to your advantage to identify potential roadblocks or pitfalls that could delay or prevent you from fulfilling your mission. One such stumbling block for those aiming to purchase a home is lack of sufficient d... Read more

Missing Your Loan’s Maturity Date Can Be Costly

One thing that can dramatically reduce your credit scores and delay or hinder your home buying process is a late payment. A late payment can occur when a monthly obligation is not met in a timely manner, generally within a 30-day period. It can also occ... Read more

New VHDA Pilot Program

I am pleased to announce that Presidential Mortgage Group is one of the few mortgage companies that have been selected to participate in VHDA’s new pilot program. The program is for 97% conventional VHDA loans without PMI (private mortgage insuranc... Read more

Important Updates on FHA Mortgage Insurance Premium

Changes are occurring to the FHA Mortgage Insurance Premium (MIP) effective April 1, 2012. Mortgage Insurance Premiums provide insurance or protection to the lender in the event the homeowner becomes deficient on the loan. There is an upfront MIP that i... Read more
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