Tag Archives: mortgage

Appraised Value vs. Assessed Value – What’s the Difference?

As a homeowner or home buyer, it’s important to understand the difference between the ‘Tax Value’, usually referred to as ‘Assessed Value’ and the ‘Appraised Value’ when trying to determine the ‘Fair Market Value’, which presumably should be at or … Continue reading

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Simply… Local. That’s Sue Berg Roedel.

Sue Berg Roedel stepped off a Milwaukee city bus in June 1973, blissfully unaware she would spend the next four decades dedicated to Great Midwest Bank.   “I was 17 years old, looking for a job, and Great Midwest Bank was … Continue reading

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LTV, PMI, FHA & FNMA – Huh?

Like most industries, we love acronyms in the mortgage world. LTV is the loan amount divided into the value, where value is determined as the lesser of the appraisal or, if you’re buying, the purchase price.  This is the point … Continue reading

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To our Madison-area Customers: Here to Serve!

Please welcome John Schroder to our Mortage Lending team.  John is at our Odana Road Office and is ready to serve our ever-growing customer base in Madison.  To those that came to know the outstanding service that Jim Gullick and his … Continue reading

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Interest Rate Shopping & Credit Scores

Perhaps the most frequent question I get about credit scores pertains to multiple inquiries. Those shopping for a mortgage are often hesitant to apply at multiple banks for fear of seeing their credit score fall.  This article – straight from … Continue reading

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The Mystery of Credit Scores

I’ll admit it.  After more than a thousand mortgage loans in 10 years, I’m often perplexed by the formulas used by the major credit agencies that provide mortgage lenders – and other credit issuers – with consumer scores.  Though I’m … Continue reading

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Buying a home? Consider WHEDA!

Rumor has it that it’s more difficult than ever to finance a home purchase these days. Most of what I hear in that regard is fairly exaggerated – or completely false. After 10 years of originating mortgages, I can plainly … Continue reading

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Servicing “Retained?”

What does servicing retained mean?   Simply put…  great local customer service… Years ago, the mortgage industry as a whole seemed simple, didn’t it?  If you wanted a mortgage to buy a home or refinance, you’d visit your local bank, apply … Continue reading

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