mortgage: MortgageRatesReport.com: October 10, 2007 - 10/10/07 08:31 PM
I'm often asked how I come up with my advice to lock or float the mortgage rate when home buyers read the Mortgage Rates Report. Well, I read a lot, that's for sure. I read Bloomberg.com and the Mortgage Market Guide research which gives me access to real-time quotes of mortgage-backed … (0 comments)
|
mortgage: Mortgage Rates Report: October 3, 2007 - 10/03/07 10:20 AM
I'd like to start off this morning's report by recognizing my wonderful wife, Debra. We were married October 3, 1998 at St. Mary's Basilica in Phoenix, AZ. Today makes it nine years. Debra balances the demands of family and work beautifully. Our daughter is an example of the former and our … (15 comments)
|
mortgage: Shooting Dice With the Bubbleheads - 12/30/06 01:30 PM
My hands were sweaty as I nervously darted my eyes around the craps table . I was the pariah because I was “betting on the don’t line“. This particular strategy can be extraordinarily frustrating when a table gets hot. It requires a bettor to double up his stake each time he … (23 comments)
|
mortgage: Jeff Corbett is Guilty - 12/15/06 02:34 AM
How is Xenophobia best cured with a plate of popcorn lobster and a beer?
In the tradition of East meets West ...Active Rain Get Together, I had the opportunity to meet my online nemesis, Jeff Corbett, for dinner this evening. Now, Jeff is really not my nemesis. We did a little blog … (23 comments)
|
mortgage: Borrow Money Like You Would Buy A Cell Phone - 12/09/06 05:49 PM
How is borrowing money like buying a cell phone?
I'm going to share a funny personal story with you. I just bought a cell phone the other day. Now, read on because it has a LOT to do with how to get good mortgage terms.
This was a big thing for me … (26 comments)
|
mortgage: A Realtor's Guide to the Power of an Annual ARM - 12/08/06 12:53 AM
Why should you ALWAYS get a one year ARM rather than "locking" into a 30 year fixed rate loan? The easiest answer is that you will NEVER be able to accurately predict interest rates. Did you know that Wall Street gurus are wrong over 60% of the time with their interest … (25 comments)
|
mortgage: The Six Stages of the Long-Term Real Estate Play - 12/01/06 08:27 PM
I talk a lot about trends in housing. One of the ways to make money in any real estate market is to buy correctly. How can you spot the next Aspen or Scottsdale? Here are the six stages to watch:
1- If looking for the next hot ex-urb, look for a small … (42 comments)
|
mortgage: Are You A RainMaker or a DealMaker ? - 11/30/06 11:17 PM
I think Realtors and Loan Originators will become highly specialized individuals in the next 5-10 years. The business will split off into 2 distinct personalities: Rainmakers and Dealmakers. I'm going to share some thoughts about identifying what you are and then some proactive ideas you can take to exploit your strengths … (67 comments)
|
mortgage: You can't miss with this real estate (if you can afford it) - 11/30/06 02:11 AM
Almost three months ago, I posted about nine "special" real estate markets. These markets are, in my opinion, somewhat impervious to the fluctuations of the real estate markets where us mere mortals live. Basically, the affordability factor doesn't apply here. These markets are so desireable that the wealthy will just pay … (43 comments)
|
mortgage: A Realtor's Guide to "PMI & Short Sales" - 11/17/06 10:57 PM
N.B.- This post is an excellent starting point but gets better as the reader scrolls through the comments. I was fortunate enough to draw the attention of my friend Bill Archambault , long-time lender and Realtor. He clarifies a few fine points and offers an opinion about negotiating short sales. … (63 comments)
|
mortgage: A Realtor's Guide to Correspondent Lenders - 11/13/06 10:15 PM
Correspondent Lenders are a hybrid between a direct lender who sells loans to Wall Street and a mortgage broker. We (in the industry) sometimes refer to them as "Super Brokers with Big Credit Cards" because they perform all the origination functions like a mortgage broker but fund the loan in their … (18 comments)
|
mortgage: Investing in California Mortgage Pools - 11/11/06 04:09 AM
I am a private mortgage lender which means I make real estate loans (non-bank loans) to individuals who can't qualify for bank financing. In California, this is sometimes referred to as Trust Deed Investing because the security instrument (how you secure the collateral) we use is called a Deed of Trust. … (8 comments)
|
mortgage: But can they afford it? - 10/02/06 05:26 PM
Anybody who knows me will know that I ask that question a lot when it comes to getting borrowers approved for loans. The second C of underwriting, capacity, from the Three C's of Underwriting, is fast overtaking the first C, credit, as the preeminent qualification for mortgage approvals. Here's the reason … (23 comments)
|
;)
;)
