Mortgage News
Get Into A Home Of Your Own

Even if you have limited savings, our low-down-payment programs can help you become a homeowner.


Refinance Mortgage Rates Are Low!

Quick! While mortgage rates are low. NOW is the time to look into refinancing your home.


FASB Ruling Hits the Mark

- Bonnie Raitt. Better believe that last week's news gave us plenty to talk about.and even a few things to smile about. Here are the highlights.

The Truth About Mortgage
  • Obama Urges Americans to Refinance Mortgages
  • Mortgage Rates Rise Off Record Lows
  • Wells Fargo Mortgage Business Drives First Quarter Earnings Record
  • Bank of America Refinancing Under Making Home Affordable Program

2009 FHA Temporary Loan Limits -
Provided by the American Recovery and Reinvestment Act

On Feb. 17, 2009, the President signed a new stimulus bill - called the American Recovery and Reinvestment Act of 2009 - into law.


Obama's Refinancing Plan Could Repair an Ailing Market



IMPORTANT COMMERCIAL LOAN UPDATE!
- EFFECTIVE MARCH 1, 2009
.

On February 6th, 2009 FNMA announced their plan to allow up to 10 financed properties per borrower again.
Dec. 31 (Bloomberg) -- U.S. mortgage rates dropped.

-- U.S. mortgage rates dropped to the lowest in more than three decades as the government stepped up efforts to revive the housing market.

Treasury to Reduce Interest Rates on
Some New Loans to 4.5%




Jumbo mortgages became more expensive and harder to come by as the nation's credit crisis deepened. That might be starting to change.
Commercial real estate prices continued falling


Reverse Mortgages
Home Financing Information

Reverse Mortgage is a unique loan that enables senior homeowners to convert part of the equity in their homes into income without having to sell the home, give up title, or take on new monthly payments.

Links

Please visit these links to become more aware of the current mortgage process:

www./ml-implode.com
www.thetruthaboutmortgage.com

Client Testimonials

February 27, 2007

To whom it may concern:

Recently, I concluded the refinancing of my mortgage for a large apartment complex I own in the Dallas Florida area. Before finding Tony Willoughby of Abacus Commercial Lending I spent over a year dealing with one incompetent mortgage service after another. Although the loan officers were very nice, they continuously promised me results but never produced.

I found Tony to be a godsend. Her professionalism and dedication were a refreshing surprise. She was always available either by telephone or by email and always responded to my questions or inquiries quickly. Her attention to detail and follow-up resulted in my loan being completed in just under six weeks, exactly as she had promised. There were no delays, no unexpected demands by the lender, no surprises. Tony explained the process in detail, clearly told me what documents would be needed to process the loan, explained all the fees and the time frame to complete the process. I highly recommend Tony Willoughby and Abacus Commercial Lending for ALL you mortgage needs.

Please feel free to contact me directly at (239)851-7656 for a first hand recommendation.

Sincerely,

Camella Thom


Dear Tony,

I just wanted to take a minute to thank you for the wonderful service over the past 10 years. Two houses and one refi later, I would not even bother talking to other mortgage brokers as long as Abacus Commercial Lending is available. Your staff has made the entire process such an easy process and your rates are the best in town. Feel free to give my name to your prospective clients as a referral any time!

Sincerely,

Kyle Allen Ty Equity Group


Tony,

I would like to provide my sincere gratitude for your swift and knowledgeable assistance regarding the financing of my home.

My profession allows me little time to research all aspects of financing, and as I do work for myself, lenders consider me an increased risk. Therefore it was very important to me that I was able to rely on your services to acquire very favorable financing in a short turnaround. It was equally vital knowing all aspects of the process were going to be handled efficiently and my primary activity was to be at the closing table rather than dealing with paperwork.

Your services were crucial to my financing needs.

Respectfully,

Dave Valdez Vice President Intl. Group/Investments Div.


Over the past 18 months we have worked with Tony and her attentive staff at Abacus Commercial Lending through two re-financings and now a mortgage for a new house. She is always readily available with the latest on rates and the appropriate financing instrument for our particular situation. We have been thrilled with the lower payments arranged for us through Tony's large financing network, and have always felt that she is working her best deal in our favor. It's a releif to place this huge burden squarely in Tony's lap and feel confident of the positive outcome.

Thanks Tony!

Gordon & Renee Hornbaker