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Knowledge is Power
Obtaining a mortgage can be a very complex and daunting experience. We firmly believe that knowlege is power, and invite you to use this website to help educate yourself, but more importantly, hope that you will rely on us to guide you safely through the maze. We are constantly working to keep ourselves abreast of current laws and regulations guiding our industry, and also of the programs and products available to you. We realize that you have a choice, and hope you will give us the opportunity to earn your business. Our promise to you is that you won't regret that decision.
Our committment to you
- Offer fair and competitive pricing for your loan
- Disclose all fees and loan costs to you UP-FRONT.... No Surprises the day before closing!
- Fully analyze your needs, both long and short term, and help you to make the absolute best decision for you.
- Advise you against something you may want to do if we don't truly feel it's in your best interest.
- Offer guidance if needed to help you position yourself better to be able to buy a home if you are not able to do so right now. We have customers that we have worked with for over a year helping them get things in order.
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Got Questions?
Need Answers??
Catch Sherry on the Radio.......
WLIN's " ASK - THE - EXPERT "
Every Wednesday - 9 :00 - 10:00 AM
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CALL IN YOUR QUESTIONS -
434-846-8255 (during the show)
434- 946-7770 (all other times )
Or EMAIL ANYTIME .............
sherry@virginiamortgagepro.com
Got a particular topic you'd like for me to cover?? Just click on "Email Sherry" at the left with your topic in advance, and I'll be sure to cover it on the next show!
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 Mortgage News Daily
MORTGAGE RATES: Best Lock/Float Advice I Can Offer - 19 hours ago
Posted To: Mortgage Rate WatchI think it's safe to say that, consistently for the last 30 to 45 days, at least one lender (regional, major, or independent) has offered below market "record low" mortgage rates. Investor demand is consistently healthy for agency MBS, such that their prices are hitting new record highs on a daily basis. No lender faces a shortage of funding, nothing seems to be able to distract mortgage rates from rallying! This situation has forced us to refocus our attention on the competitiveness of the primary mortgage market, instead of closely monitoring every move in the secondary mortgage market (MBS). Here's how I would play it.... The "best executed" lock/float strategy comes down to finding an originator who knows the loan market, studies underwriting guidelines, and...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
USDA Rural Housing Bill Passes; Low-Income Rental Legislation Advances - 1 day ago
Posted To: MND NewsWireOne government housing program that had run out of funds months ago was revived by Congress yesterday, and another bill targeted at low-income rental housing moved a step closer to approval. The Senate yesterday passed HR 4899 to reestablish the popular U.S. Department of Agriculture Single-Family Housing Guaranteed Loan Program (Section 502 Housing) as a self-sustaining program. Also, the House Financial Services Committee approved H.R.4868 , the Housing Preservation and Tenant Protection Act of 2010 which aims to stem the loss of affordable rental housing units and prevent the displacement of low-income tenants. The Rural Housing program had run through its $13.1 billion funding by early this year and many buyers hoping to finance home purchases using Homebuyer Tax Credits were unable to...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
MBS Lower and Wider. Reprices Reported. Buyers Lurking - 1 day ago
Posted To: MBS CommentaryRate sheet influential mortgage-backs are experiencing some localized weakness as stocks rally and swaps spreads widen. Nominally, yield spreads have been wider all morning but price levels were still pushing new records because Treasuries were catching a bid, but the poo hit the fan a few minutes ago and prices plummeted. We're still in the green though...just off the session highs. The September FNCL 4.0 is +0-03 at 101+30. The FNCL 4.5 is UNCH at 104-02. The secondary market current coupon is -1.6bps at 3.679. Yield spreads are at the wides of the week. After much rallying, agency MBS appear exhausted, but I doubt this will last long. Buyers have consistently jumped on any sign of weakness...unfortunately I've already seen a few reprices for the worse....(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it. |
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 Summit Home Mortgage, Inc. - Office Phone: (434) 946-7770 Fax: (434) 946-7775 Cell Phone: (434) 238-8984 Toll Free Phone: 1-866-946-7770
Summit Home Mortgage, Inc.
Licensed by the Virginia State Corporation Commission: License MC-2396
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