Delavan Real Estate & Mortgage Blog

Wisconsin FHA mortgages are for first time home buyers, right? - Travis Egan, Lender, Delavan Real Estate

Travis Egan — Sun, 22 Feb 2009 02:48:53 +0000

I recently received a question that puzzled me. I believe I’m a pretty good communicator and yet I hear this question. Now this gentleman has been a client of mine for years and yet I failed to communicate this information to him. To read the entire article, click on the link below: Wisconsin FHA mortgages and the [...]

A Home in Time For Valentine’s Day - Travis Egan, Lender, Delavan Real Estate

Travis Egan — Sun, 15 Feb 2009 20:11:48 +0000

I recently had the pleasure of being a part of a wonderful real estate transaction. Unfortunately, it was all smooth sailing throughout. There were many tears and moments of extreme anxiety, but with the gracious and diligent efforts of a great Realtor the clients shared the first official Valentine’s Day as a married couple in [...]

4.5% Interest Rates on Homes - Is this real? - Travis Egan, Lender, Delavan Real Estate

Travis Egan — Thu, 04 Dec 2008 20:55:09 +0000

I saw an article today on washingtonpost.com website that a person with some knowledge in the Treasury Department is suggesting that banks will lend mortgages at 4.5% for new home purchases. It got me thinking. Are interest rates really what’s keeping people from buying real estate in Lake Geneva, Delavan, Elkhorn, Williams Bay or anywhere in Wisconsin for [...]

Are Wisconsin FHA Loans the “new” subprime home loans? - Travis Egan, Mortgage Advisor, Delavan Real Estate

Travis Egan — Thu, 04 Dec 2008 02:35:26 +0000

I find it alarming that so many so-called mortgage professionals and journalists have consistently and loudly proclaiming this as fact. In reality, nothing could be further from the truth. Those of us who have toiled for years advising, counseling, and preparing our clients for homeownership have known this program to be one of [...]

Are Parents Scaring Their Kids? - Travis Egan, Mortgage Planner, Delavan Real Estate

Travis Egan — Mon, 27 Oct 2008 19:15:20 +0000

I know its Halloween, but have some of you lost your minds? Are you intentionally scaring your children about the doom of our economy? I read an article by Liz Pulliam Weston where she makes it clear some of us are doing just that. It made me pause and ask myself if I’m in the same boat. [...]

Gas for 35 cents…C’mon, Really? - Travis Egan, Mortgage Planner, Delavan Real Estate

Travis Egan — Wed, 15 Oct 2008 17:12:03 +0000

Wisconsin Rapids, Wisconsin — Sure, gas prices have come down lately. But to 34.9 cents a gallon? That’s what Kelly Joosten and dozens of other motorists paid at a Citgo station Monday. The sign advertised $3.43 for a gallon of premium fuel, but the pump cost read $0.349 a gallon. “That was amazing,” said Joosten, who normally spends [...]

It’s Official…GM gets word on its Janesville Plant - Travis Egan, Mortgage Planner Delavan Real Estate

Travis Egan — Mon, 13 Oct 2008 18:20:35 +0000

Local General Motors’ employees learned officially this morning that production of full-size sport utility vehicles will end in Janesville on Dec. 23. The work stoppage will affect about 1,150 hourly and 130 salaried employees at GM, plus hundreds more at local companies that supply the auto plant. GM announced in June that it would end SUV production [...]

Who is Uncle Sam Saving us From? - Travis Egan, Mortgage Planner, Delavan, Wisconsin

Travis Egan — Wed, 17 Sep 2008 18:12:51 +0000

I don’t know about you, but I’m a bit tired of our government bailing out all these investment banks. What happened to letting the market “fix” itself. If we are, as we profess to be, a free market society, then why in the hell is Uncle Sam constantly bailing out these failing companies? I’ve heard [...]

What’s going on with Fannie Mae & Freddie Mac?

Travis Egan — Tue, 09 Sep 2008 19:20:57 +0000

The Feds took over the mortgage giants, now what for homebuyers in Delavan, Lake Geneva, Elkhorn and all of Walworth County? So the Federal government did sweep in Sunday, fired the two top people at Fannie Mae and Freddie Mac and took over control of the two. This will probably come as mixed blessings in the [...]

How Adjustable Rate Mortgages (ARMs) Work - Travis Egan, Delavan, Wisconsin Mortgage Planner

Travis Egan — Fri, 06 Jun 2008 22:08:27 +0000

During the last decade, Adjustable Rate Mortgages (ARMs) have increased in popularity among consumers. These days, few homeowners (especially first-time buyers) remain in their homes for more than seven years. In this case, it often makes sense to get an adjustable rate mortgage with a lower rate, especially one with a 5-year or 7-year fixed [...]