The Mortgage Doctor

Your FREE monthly newsletter for First Time Home Buyers, save time, money and mistakes!

After many years in the mortgage industry, one thing I’ve come to realize is that loan programs are constantly changing. You might think The Mortgage Doctor may be trying to pull your leg (not amputate it) just to get your name and e-mail address.

Nothing could be further from the truth. While we promise to use your information only to keep you informed, as a first time buyer you need to find someone you can trust.

The Mortgage Doctor will help you understand how the loan programs work in much greater detail. This website is designed to give you a brief overview, offer good content and reliable sources for additional information.

By reading The Mortgage Doctor we bring financial cures to you the first time home buyer. We can help you feel better by teaching you all the options that are available to you.

Now, you may be wondering why home loan programs may be constantly changing. From the lenders point of view consider this:

Lenders have HUGE portfolios of mortgages. Each portfolio is made up of different kinds of loan programs. Let’s call each loan program a bucket. For example, one bucket may be FHA loans for $100,000 or less. Many first time home buyers find themselves in this bucket. Now, when this bucket gets full, guess what the lender does? They change their lending guidelines to help some of their other buckets fill up. Some lenders have hundreds of buckets. They want to keep everything balanced.

Now when a bucket gets full, the lender goes to the secondary market and sells the entire bucket. Buyers like Fannie Mae, Freddie Mac, private institutions, pension funds, large corporations or insurance companies acquire these buckets and hold them. Why do lenders sell the buckets? So they can lend more money of course, then the cycle starts all over again.

Now it’s much more detailed than that. I shared this with you so you could see the importance of subscribing to our FREE newsletter. As a first time home buyer, you need to continue your education. Learn what’s out there. Work with someone you trust. Someone that can help you feel better about buying your first home. Yes, The Mortgage Doctor is in. Heck, I even make house calls if you like.

Look at this newsletter as medicine for your new home loan. We have a cure for all financial needs. Subscribe today by filling out the simple form below. , so if you subscribe by midnight tonight, we'll give you a FREE copy of our 14pg Guide "10 Critical Steps for First Time Home Buyers" and our latest quarterly e-zine "Homes and Money".

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