I was just informed by Michael Rodriguez at Peoples Bank that the interest rate for the Down Payment Assistance program MFA has reduced their interest rate from 4.625% to 4.325%.  Can you believe it!

Mortgage Finance Authority (MFA) provides closing cost and downpayment assitance to qualified buyers. If you would like more information on how to get this down payment assistance please give me a call. 505-350-8184

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I have had many conversations with customers, clients and agents regarding how a bankruptcy affects the foreclosure of a home. Before I give my opinion, I will give my disclaimer. This is not meant to be legal advice and you should seek out an attorney for any legal advice needed.

I recently attended a bankruptcy class taught by one of our local Albuquerque attorneys.  This person was full of information, including how bankruptcy and foreclosure work.  First we will begin with how a mortgage works and the definition.

A mortgage involves two important legal documents: A promissory note and either a mortgage document or deed of trust.

Promissory Note: The promissory note (also called a mortgage note or real estate note) is a note the buyer gives to the…

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