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rate shopping: Rate Shopping Simplified - 07/25/07 04:23 PM
I like to keep things simple. In fact, the longer I work in this business, the more I realize consumers want things as simple and plain as possible even when it would be to their advantage to understand the complexities of the mortgage market and their largest financial transaction. As such, I was trying to figure out a way to simplify rate shopping so anyone could understand what has to be considered when choosing a mortgage. Relying on my years as a management and strategy consultant cranking out ungodly amounts of presentation slides full of useless graphs, charts, and business paradigms, … (1 comments)
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rate shopping: Hey, Let's Make $250! - 07/11/07 05:12 PM
Several weeks ago, Bank of America announced to the world that they were going to change the mortgage world by offering their No Fee Plus mortgage. This mortgage is supposed to be revolutionary in that it offers the following: -Up to 95% financing with one loan -No Private Mortgage Insurance (PMI) required -No tax escrows -No closing costs (lender or title fees) -Purchases only, refinances not eligible Bank of America is so confident that they will pay up to $250 dollars if their borrowers find a cheaper mortgage elsewhere.
First, what is being offered is nothing new. Good mortgage brokers have been structuring mortgages … (9 comments)
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rate shopping: Ouch! - 05/06/07 10:09 PM
I love extreme sports. As a former bicylce motocross (BMX) racer, I have the jacked up knees and scrapped elbows to prove it. However, I suspect most fans of extreme sports are really there not to see the jumps and stunts completed but for the off chance there will be some big time face plants. MTV figured this out too and is featuring a new show called Scarred.
Scarred features videos of dirt jumpers, skateboarders, snowboarders and all kinds of other extreme sports athletes eating some serious doo doo. I am talking pain. Anytime I see pro athletes of major sports (basketball, football, & baseball) crying about they can't play because they sprained … (7 comments)
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rate shopping: Shop for the loan officer, not the mortgage - 12/27/06 08:57 PM
I am in the process of moving older posts from my old blog at http://www.smartmortgageadvice.com/ to Activerain and testing out off the shelf software http://www.smartmortgageadvice.wordpress.com/, so please bear with me. I made a comment on Brian's blog that consumers should shop for loan officers instead of shopping for a mortgage. I wanted to expound on it.
The reason I say you need to shop for the loan officer and not the mortgage is because mortgages by in large are a service. When you obtain a mortgage, it is the loan officer who will make or break your experience. The loan officer's … (2 comments)
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Russ Martin Residential Mortgage Advisor
Chicago,
IL
More about me…
Perl Mortgage
Address: 101 West Grand , Suite 504, Chicago, IL, 60610
Office Phone: (312) 651-5355
Cell Phone: (847) 722-5355
Email Me
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