Active Rain I am hyped that all of the lenders today are getting rid of the 2/28, I have never really pushed this product in the first place because what can you really do in 2 years to get a better deal? Most of the time they don't get the value anymore, credit gets worst and everything just goes down the drain. I have called everyone I know to make sure they are not on an adjustable rate mortgage.

Does anyone really see a good side to a 2/28 mortgage?

 Thanks so much!

Ben

 
Posted by Q Q on 08/03/2007 12:55 PM   Comments (11)  
Generate short URL

Stated Anything Might be NO MORE
08/03/2007
share
How many times have you had a client that just doesn't fit in the DTI going full doc but has the score to go Stated and Boom you get the deal done? Well that just might not happen anymore for alot of lenders if not all of them. I have been… more
Bond Market 4. 6%????
08/03/2007
share
Ladies and Gentleman it just could happen. If we reach the 4. 6% in the bond 10 year market we could see the 5% fixed rate range again. I was really happy when I first started that it was down in the low 4's high 3's and you could get UNREAL… more
2nd Mortgages are going bust with Confroming Lenders
08/03/2007
share
If you are anytype of a mortgage professional you would know that most if not ALL of the conforming lenders are getting away from doing 2nd Mortgages. Now I don't have the exact answer for this but my guess is the employement numbers that came… more
Accredited Home Lenders
08/03/2007
share
I just wanted to share this news cap that came over my desk about one of my favorite lenders. Accredited Says It May Not Survive Accredited Home Lenders, San Diego, said Thursday that it may not continue to operate as a "going concern, "… more
Back In Action
07/09/2007
share
GOOD MORNING ActiveRainERS!! Sorry for the delay but Ben has been really busy with work and finishing up school. I noticed there are alot of new faces and a couple of new updates done to the website. I am really excited about what has been… more
Just ONE MORE Please~
05/25/2007
share
When I start to work on a new client that needs financing for a mortgage I always give them about 5-8 business cards a letter and send the person that referred them to me a thank you card. Depending on where they work or what they do is how many… more
The Most Important Thing YOU Need in Your Pocket~
05/25/2007
share
What is so special about a business card that people these days are going all out on them? From full color to calenders on the back of them, yesterday I had a friend give me one that had the loan process on the back, Now that was genius. But when I… more
Calling All ActiveRain Bloggers~
05/25/2007
share
Dear ActiveRain For quiet some time now I have been in the mortgage business. I started out like most loan officers do by making calls after calls on lead provided by the company. Well after a couple months into it I thought to myself there has to… more
Two Way Street
05/25/2007
share
In your best opinion what is the best way to earn a Realtor or Builders Business? I have tried going door to door, Emailing, Calling, Lunch, Coffee, Seminars. You name it I have done it. Yes I know I have about 5 Realtors now but I want 10 that are… more
 


Links

Archives

RSS 2.0 Feed for this blog