Eddy's Blog

I am not a realtor. I was wondering how many realtors come across Lease Options in their transactions. The lease option allows a buyer to buy a home without having to get a mortgage. How does this benefit the buyer and seller? Here in California i have only seen this once. Let me know your though...

When i first began doing loans an appraiser called me saying that he had a fast turnaround time but he charged a little extra for a full URAR $450.00. Again i was new and another buddy say that he was really good. My client paid cod and i was promised that the apprasial would get be COMPLETE and ...

This goes out to realtors. What do you look for in a loan officer when it comes to netoworking? Is there one quality that makes you decide to utilize that particular loan officer? Do you just pick the loan officer that is closest to you logistically? Do you go by the loan officers mission stateme...

I am noticing an increasing trend with clients more and more everyday. Most clients would like to handle their financing needs online via emails. Believe me  i love taking to my clients and prospects over the phone but for the most part its more convienient for them to talk to me at work via thei...

The worse advice you can give a client during a refinance is to not make their monthly payment during the transaction. If the closing of the loan goes past the monthly payment deadline (rolls over to the following month) then guess what ? Their current mortgage company 9 times out of 10 will slap...

When i pre-approve a client for a refinance or a new home loan i do it in a very detailed manner. I look at their credit report. I look at the credit report as if i was an underwriter. More importantly i take a detailed 1003 and 1008 application.  With this i can see any gaps in employment , DTI ...