Spencer Llewellyn founded Loans101 in 2008 and is a regular contributor to several financial publishing entities. Spencer's background as a loan officer originating mortgages across America shaped a comprehensive knowledge of the loan origination process including mortgage regulations, real estate transactions, personal credit reporting, housing market trends and monetary policy. Spencer has been cited in various publications including U.S. News and World Report, CBS News, Yahoo Finance and the Yahoo home page.
Spencer attended college at Embry-Riddle Aeronautical University and is also an FAA-certified Airline Transport Pilot and Flight Instructor.
When a homeowner receives a notice of foreclosure, it’s not unusual to pack up and move out as quickly as possible. That hasty decision may not be wise however, because many unforeseen complications can occur Read More
Getting a home appraisal is always an important part of buying a home and a requirement for getting a mortgage. Major changes have taken place during the last decade to the way appraisals are ordered and performed. Read More
After posting big gains for 5 years, VA home loan volume fell to a still-respectable 430,000 in 2014. That represents a 30% drop from the number of VA loan’s approved in 2013 (630,000) and an even smaller reduction from 2012 numbers (540,000). Read More
FHA mortgage insurance rates have just been reduced in an unexpected move that offers the housing market a much needed boost. This .5% across the board MIP reduction will help more home shoppers become homeowners in 2015 and also reduce costs for thousands of borrowers looking to refinance. Read More
Homeowners deserve every financial break they can get their hands on amid today’s trying economic times. After all, the average mortgage borrower pays out a hefty percentage of their income on housing expenses and loan payments that include large amounts of interest. Read More