Shawn Olson

A plunge in mortgage rates is giving homeowners a rare opportunity to lock in a 15-year fixed-rate loan for less than 4 percent.Rates haven't dipped this low in decades. For those who can qualify, it's the chance to pay off a home in half the time while saving tens of thousands of dollars But the lower rates on short-term loans are not likely to ignite the refinancing market. Most people can't afford the higher monthly payments required by a 15-year fixed mortgage compared with a more traditional 30-year loan. Give me a call today and lock a great rate in!!!!!!!!!

Shawn Olson

Gateway Funding

651-451-2744

Three years into the housing crisis, nearly 15 million homeowners owe more than their homes are worth, and an estimated one in four mortgage defaults is voluntary. Those figuires are scary, what would happen if those homeowners started to walk away from their homes like so many have. A plan has to be put into place and not with the help of the govenment, that would just makes everything worse.

Shawn Olson

Gateway Funding Diversified Mortgage

651-451-2744

My house value goes down but my property taxes goes up????????? I hear this alot from people and I think the tax man are inflating values to get that tax $$$$$$$$$$$ What will this do the the real estate market and appraisal that are being done out there. I had one house in cambridge tax value was 245,000 and appraised value came back at 175,000. What do you think?????

Shawn Olson

Mortgage Banker

Gateway Funding Diversified Mortgage Serviceas

651-451-2744

Just when you think rates hit rock bottom they go down even more. Where are the rates going????? We need buyers out in the market and it seems they are just not there like it should be. What do we have to do to get this market HOT!!!!!!!!!!!! Interest free loans for 10 years??? LOL!!! Give me some feedback :)

Shawn Olson

Gateway Funding Diversified Mortgage Services

solson@gateway-funding.com

Effective immediately, USDA Rural Housing approved lenders all over the country are now resuming their USDA programs.

The new guarantee fee for USDA Rural Housing purchase transactions has now been raised from 3% to 3.5%. Furthermore, many lenders may now require that loan documents must have a first payment date of October 1, 2010 in order to fund. Check with your approved USDA Rural Housing lender and/or MLO for more details.

There is a chance that the actual guarantee fee will be lower than 3.5%. If that occurs, the borrower will receive a principal reduction in the amount of the difference. Once again, check with your USDA Rural Housing approved lender and/or MLO for more details.

This is a good thing!

Shawn Olson Gateway Funding Diversified Mortgage

651-230-1313