Archive for August, 2013

American Mortgage, Mortgage Guy Coffee Moments

Thursday, August 22nd, 2013


Mortgage Home Loan work sometimes requires a good cup of Joe in the morning before you get started. This has been my experience.

Coffee TIP: I have had these things called “Coffee Moments”. Many of my friends on Facebook laugh at me for them. The one’s where you put grinds in the filter holder without the filter in it. The kind where you forget to put water in the water holder and wonder why the coffee isn’t ready.

Well I switched to the Keurig. Those little prepared K cups are great but expensive. My “Coffee Moments” have dropped substantially since switching. They make the K cup adapters where you can use your own grinds. First of all, I save a ton of money with this machine and using the adapter as opposed to the measure it yourself process with the old coffee machines.

When I am done brewing the coffee I would take the adapter and run water through it to get the grinds out in the sink but it would make a mess and it took time.

TIP: Take the adapter to the trash can, open the lid, turn it upside down and use a spoon or any other utensil and lightly tap it on the bottom and POOF…. it all comes out nice and easy. Tada! Oh the simple things in life. Enjoy your coffee!

The American Mortgage, Mortgage Guy loves to start the day with a cup of coffee before working on home mortgages.

By Steve Mugar


Bankruptcy, Foreclosure or Short Sale. Now what?

Monday, August 19th, 2013



If you’ve had a bankruptcy, foreclosure or short sale, the above chart will show you how long you have to wait and what your credit report history should look like in order to be eligible to qualify for one of the mortgage programs mentioned.  The first thing you can do is get a secured credit card. This means you would give the bank a certain amount of money and they will give you a credit card with that amount as a credit limit. You are essentially using your own money instead of the banks.  If you default they have the money to pay off the debt. You would want to ask if the bank would be reporting to the 3 major repositories Equifax, Transunion and Experian. Ideally you would want the bank to issue you a bank backed credit card.

Got Milk or Got Mold?

Friday, August 9th, 2013

Man with WrenchGot Milk or Got Mold? How to control it. I would prefer Milk and Cookies to Mold.

I think you will find this weeks Blog informative and helpful to be able to pick a couple hints to help prevent Mold growth in your home.

The dog days of summer are in full swing, and with the heat, comes humidity, lots of humidity, and you know what that can cause? You guessed it….the dreaded MOLD!

We Floridians are quite familiar with the effects of mold on our homes, but did you know that there are simple things that you can do to prevent mold growth in your home? Here are a few tricks:

Houseplants, while they freshen air in our homes, can also harbor mold in their soil, and even in their leaves. An easy solution to this problem is to add a bit of Taheboo Tea (available at Amazon and other retailers online), to the plant’s water. It retards the growth of mold in plant soil while still giving you the clean air benefits of having potted plants in your home.

Dry towels and clothing immediately and completely after use. Mold can start to grow on damp garments in as little as two days. Always use ventilated hampers for your laundry, and wash clothes in hot water with color safe bleach. If you can dry clothes on a line out in the sun, do so. The sun has natural bleaching effects.

Use your bathroom and kitchen exhaust fans diligently. Most of us turn on our bathroom exhaust fans when we shower or bathe, but we need to remember to leave them on for 10-15 minutes after you leave the bathroom, with bathroom door fully open. Kitchen exhaust fans are the same, leave them on for 10-15 minutes after you finish cooking (longer if you must also clear out cooking odors).

Use mold resistant paint wherever you have areas of moisture in your home. Zinsser’s Perma-White is a great option, and carries a five-year guarantee. It is available online or at Lowes. You also have the option of using mildew resistant additives to your existing paint, however they are not as strong as the ready-made mildewcide options.

Use your air conditioner properly. Match the AC capacity with your house or room size. Air conditioning units are commonly oversized for the area they are to cool. A larger air conditioner cools an area too quickly and then shuts off. With a smaller unit, the AC stays on longer, leaving it more time to remove humidity. Don’t set the temperature of your AC too low either. The decreased temperature in the room cools the materials in your walls, floors and ceilings thereby significantly increasing the potential for moisture condensation on these items, creating more mold. Always use the “auto” mode on your AC and not the “on” mode. When set in the “on” mode, the blower runs continuously and moisture that is condensed on the evaporator coil is re-evaporated and blown back into the house before it can run off the coil and out of the home.

Mold is basically everywhere so negating the availability of mold spores is virtually impossible, but taking the above steps can greatly reduce the mold growth in your home. Stay diligent, a little prevention now can save you a great deal of money on costly repairs, and worse, full remediation later.

The Home Mortgage Loan Originator’s Values

Friday, August 2nd, 2013

“A customer is the most important visitor on our premises, he is not dependent on us. We are dependent on him. He is not an interruption in our work. He is the purpose of it. He is not an outsider in our business. He is part of it. We are not doing him a favor by serving him. He is doing us a favor by giving us an opportunity to do so” – unknown author

A “Mortgage Guy” takes great strides to meet every need and request of his client. A “Mortgage Guy” takes great pride in taking care of Realtors and preserving their relationships. A “Mortgage Guy” looks out for the best interest of those he serves. A “Mortgage Guy” helps Realtors build their business. A “Mortgage Guy” communicates effectively with all parties whether the information is good or negative. A “Mortgage Guy” is not the “Doughnut Man”. He is a professional. He fights the battles right alongside his Realtor and clients. I cannot serve all Realtors but I can go above and beyond for the one’s I do.

Realtor quote – “Ever since I started using Steve Mugar 50 percent of my workload has dropped off and I have much less stress.”

I am that “Mortgage Guy” in Florida and I am looking for a few good relationships with Realtors and new clients that want to grow together or have someone they can count on.  I have over 22 years experience in the Real Estate and Real Estate Financing business.

American Mortgage