Beginning Monday, September 19th Prism Mortgage will be moving into our new corporate  offices  and will have new phone numbers

770 Lake Cook Road

Suite #260

Deerfield , Il. 60015

Main #  855-774-7600  (855-prism-00)

Our current phone number as well as our mail will be forwarded through the end of the year

Thanks to all for your support!

Talk about getting bit by the hand that feeds you!! What a novel idea! Force a bank to buy two companies to help them survive… give them billions of dollars to bail them out… and now, years later, sue them for an amount almost equal to what the bailout was for… AFTER they have pretty much paid you back!! It’s getting really hard to figure out who the “bad guy” is in this story. (Thanks to Frank & Brian of TBWS)

Let me know what you think about all of this.

Those of us in the mortgage world are always focusing on reducing debt, but with Christmas now behind us and a new year soon to come, we should all be focusing on reducing debt.  I ran across this segment on the Today show and thought I’d share.  I’ve successfully been able to trim thousands of dollars from client’s monthly cash flow.  If the below video piques your curiosity, don’t hesitate to contact me.  I’m more than happy to give you the time.

Visit msnbc.com for breaking news, world news, and news about the economy

Is THIS really who represents mortgage banker/broker interests in Washington???

From Fox Business… Many people make some very simple, and well meaning, mistakes that can have major implications on their credit score and, adversely effect their ability to purchase or refinance that home!  Click the link below to get more information on 5 of these mistakes…

FIND 5 COMMON MISTAKES THAT CAN CRIPPLE YOUR CREDIT SCORE

While the FHA mortgage insurance increase has been delayed by a month (October 4th now), the reasons for it have become cloudy!

I couldn’t agree with Frank and Brian’s take on this more!!!

Click the link below to view.

When Are Realtors, Loan Officers and Appraisers Going to Get Help?

Thinking of buying a home?  Thinking of FHA financing?  Thinking of procrastinating a while longer?

The cost of mortgage insurance on FHA mortgage loans will be going up on all loans with FHA case numbers ordered on or after September 7, 2010!!  This could mean significant increases in your monthly cash flow for the SAME loan you’d take out today!!

Click on the link below for further details from Frank and Brian, the Think Big Work Small guys.

FHA Loan Costs Going Up!

The mortgage world is constantly changing and it seems almost impossible to catch up at times.  With the dramatic importance of good credit and credit scores, it would make sense to be ever vigilant of the changes in credit cards as well.  The Wall Street Journal did a very good job of summarizing some of the tricks that banks are playing in order to try to recapture some of the lost revenues that recent changes in credit card laws have thrust upon them.

See the story by clicking on the link below…

A Consumer’s Guide to the Latest Credit Card Traps

Mortgage rates in Illinois, and the nation, have hit a new low. Purchase or refinance… It may be time to make that move that you’ve been putting off!

Visit msnbc.com for breaking news, world news, and news about the economy

This video, from our friends Frank and Brian at TBWS, is an eye opener! As the regulators continue to try to “fix” what they think is broken, does anyone find it as interesting as I do, that the large majority of legislation affects the mortgage broker negatively and affects the banker in virtually no way, what so ever?

TBWS Daily Thursday May 13, 2010

Oh… and the “Single Lady” segment is pretty funny!  Frank and Brian… you guys make pretty good “lounge lizards”