ABBA First Mortgage News

North Carolina: Home Values Dropping

Rich Biagini Jr — Tue, 24 Aug 2010 20:02:13 +0000

Home values are continuing to drop in many parts of the country. Our office is located in Wilmington, NC and the market here is no exception. Take a look at the chart below to see how far they have dropped…

Wilmington Zillow Home Value Index

Wilmington Home Values – Interactive chart

The big question is whether or not they will continue to drop. Many economists predict that prices will not hit the bottom until the middle of 2011. We now have what many in real estate would consider a perfect storm- low rates and low purchase prices. If they are right and values will start to climb again in about a year, now may be a great time consider buying.

If you are thinking about buying please give us the opportunity to help you with your financing. We can get you pre-qualified in a matter of minutes!

Say goodbye to Fannie and Freddie?

Rich Biagini Jr — Wed, 18 Aug 2010 17:39:45 +0000

Rep. Barney Frank, (D-Mass.), on why he feels the mortgage backers will not be necessary in the near future…

What say you?

ABBA First Mortgage, Inc. welcomes its newest team member!

Rich Biagini Jr — Wed, 11 Aug 2010 18:06:29 +0000

We are pleased to announce the arrival of Tiffani Miller as ABBA First Mortgage, Inc.’s newest team member. Tiffani brings a high level of integrity and enthusiasm to our business and we value her contributions as we continue to expand our operations to better serve you.

Feel free to contact Tiffani at 866-676-3349 or Tiffani@AbbaFirst.com.

Finally, the decision to choose a mortgage company for home financing has been made easy again- choose ABBA First Mortgage, Inc. for all your mortgage needs. Please contact us today to discuss how we can save you money on your next mortgage.

ABBA First Mortgage, Inc. Holiday Hours

Rich Biagini Jr — Fri, 02 Jul 2010 17:52:40 +0000

ABBA First Mortgage, Inc. will be closed on Monday, July 5th in observance of Independence Day. We will resume normal business hours on Tuesday, July 6th. We look forward to serving all of your mortgage needs… enjoy the holiday weekend!

Why You Should Choose a Mortgage Broker: Part II

Rich Biagini Jr — Thu, 17 Jun 2010 18:05:49 +0000

At ABBA First Mortgage we’ve been hearing a lot of mortgage bankers disparaging mortgage brokers lately. Just yesterday I heard I heard a couple of mortgage bankers on a local radio show spouting the same old tired arguments that we’ve heard before- bankers can get it done and brokers can’t. Bankers are more qualified than brokers. Etc., etc., etc.

The strange thing is that this is more than just trying to sell yourself or your institution… it is simply untrue. Mortgage brokers are without question the most educated, qualified mortgage providers in the country. Don’t just take my word for it though.

One of our very favorite “Tweeps” had this to say on her blog:

If a non-licensed mortgage originator (registered mortgage originator/banker) tries to tell you that mortgage brokers are licensed because they are the cause of the mortgage crisis, please remind them that it was the mortgage banks that created and underwrote the mortgage programs AND it is the mortgage banks who hired their reps to call on mortgage brokers to push their programs.

If Congress truly wanted to serve the people, they would have created the same standards for all mortgage originators regardless of campaign contributions, lobbyist, the type of institution they’re employed by. Consumers should not have to sort out the differences between a Licensed or Registered mortgage originator. ALL MORTGAGE ORIGINATORS SHOULD BE LICENSED.

Couldn’t have said it better myself! At ABBA First Mortgage we often jokingly say, “Why would you work for a bank?” “Because you can’t cut it as a licensed mortgage broker.” Yes, its funny. But its also true.

Give one of our mortgage experts a call to discuss how we may be able to save you money today.