refinance: “Triggers” Are They a Legal Scam? - 03/02/08 09:56 AM
Just when I thought I'd seen it all, another scam came along to shock me.  A few yeas ago I received a call from one of my clients to refinance his home.  The day after I pulled his credit report, my client emailed asking if I had someone call him regarding … (2 comments)

refinance: Do You Have an Adjustable Rate Mortgage? - 03/02/08 09:01 AM
You've had Plenty of Time to Convert
I must speak my piece concerning homeowners who are facing rising rates and higher monthly payments as their adjustable rate mortgages are reset. We have heard many stories of American families' who are shocked and surprised when they receive their notice of rate increases in … (0 comments)

refinance: Wet behind the ears loan officers... - 03/02/08 08:36 AM
The requirement to become a mortgage loan officer is often very limited.  If the loan officer goes to work for a bank, they usually just show up for work.  The bank goes through a quick training of "this is how we do this here" and voila' they are now loan officers … (8 comments)

refinance: Should I accept a Pre-Payment Penalty with my mortgage - 03/02/08 07:41 AM
A prepayment penalty is a provision of your mortgage contract with the lender that states that in the event you pay off the loan entirely, you will pay a penalty.  Penalties are usually 6 months of interest on the unpaid principle balance.  The maximum penalty time is 5 yrs.  The time … (0 comments)

refinance: Should I Have My Property in a Living Trust? - 02/21/08 07:33 AM
 
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Real Estate Brokerage: The Mortgage & Property Connection
Dorene Shirley Silicon Valley Real Estate
Campbell, CA
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