BANKS TRYING TO ELIMINATE COMPETITION - 07/29/09 10:18 AM
Thanks for the opportunity to "vent".
It is amazing how some people and organizations continue to give lip service to the notion that "service released premiums" are incentives to steer consumers to their detriment. THIS IS WRONG AND ANYONE WHO UNDERSTANDS THE SYSTEM WOULD KNOW THIS!  As a mortgage broker, I am required to disclose the fee(SRP) that will be paid to me for delivering a specific loan to the end investor. If I was a mortgage banker, or a bank, I could offer the exact same loan to the same client and this fee (probably larger than the fee that … (2 comments)

Water Cooler Mortgage Experts Strike Again - 07/27/09 05:47 PM
Everyone is an expert.  Interest rates are moving - up? down? sideways?  So much depends on who you ask.  I recently spoke with a client who told me that someone he works with said rates dropped.  He asked how much and was told at least 1 percent.  My client was excited because he had been quoted 6% and was looking forward to hearing from me that his new rate was 5%.  When I told him it wasn't, he was upset. 
"Water Cooler" mortgage rate quotes are given by the uninformed to the unknowing and most importantly without the facts.  Since the … (1 comments)

Higher taxes - who's guarding the henhouse? - 07/27/09 05:14 PM
If only those that increase taxes would be accountable and pay their taxes.  A recent article in the Wall Street Journal points out that the Chairman of the Houes Ways and Means committee, Representative Charles Rangel has been causual about his tax liability for years.  Read the article at http://online.wsj.com/article/SB10001424052970203946904574300013592601036.htm.
No wonder taxes must go up, there is no effort to make sure our legislators pay there share.
 
Do you think this qualifies Charlie to be nominated by Obama to fill a cabinet seat?
 
Have a great day!
… (1 comments)

APPRAISAL PROBLEMS - HVCC STRIKES AGAIN AND AGAIN - 07/27/09 03:58 PM
Andrew Cuomo, in his quest to become Senator has settled for KING by putting the HVCC system in place.  He didn't care about consumers.  He didn't care about small business.  He didn't care about punishing the criminals.  All he wanted was publicity and he continues to get that - and perhaps the expectation of contributions to his future election from those that are making the big bucks from this system?  The American Way!
Here are another two examples of problems this "independent appraisal system" has created.
1) Appraisal in January 2009 = $600,000.  Same property appraised six months later for $470,000.  When the … (2 comments)

 
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Angelo Cusinato |CRMS, CMC|Mortgage Specialist

Barrington, IL

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Resource Plus Mortgage Corp.|Angelo Cusinato

Address: WILLIAMSBURG VILLAGE, 1600 COLONIAL PARKWAY, INVERNESS, IL, 60067

Office Phone: (847) 359-5300 x 223

Cell Phone: (847) 209-9458

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Why overpay for a home by overpaying for a mortgage? We put education at the top of the list for homebuyers & prepare them to get the right mortgage the first time and every time. Check our website at www.resourceplusmortgage.com for helpful information


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