Adopt a Winning Mindset If Preparing for Mortgage Financing
Springtime means just one thing to countless millions of people like myself ... The Masters Golf Tournament ...
The delay of this year's 2020 tournament left golf fans with a void to fill until fall.
But thankfully, last year's Master's final round was recently replayed to help fans relieve some of the "pain" we are feeling until that time.
CBS announcer, Jim Nantz held a running interview with the winner of last year's tournament, Tiger Woods, throughout the replay airing. The additional insights he provided throughout the airing were extremely interesting and it made the golf … (12 comments)
prequalification: "Staging" Yourself and Your Finances for the Best Mortgage Available
- 07/13/17 04:49 PM
"Staging" Yourself and Your Finances for the Best Mortgage Available Analogies are a tool I often use with my mortgage clients, as the comparisons and similarities showcased within my analogies deliver a bite-sized, more easily understood and digested method for my explanations ... When utilized, analogies can produce an "ah hah" moment, sometimes with an understanding and reaction so immediate and startling that I virtually see them forming on my client's face. It's as though a switch "clicked" and clarity and understanding began to flow. As of late, I've really begun to note some strong similarities ... an analogy ... between the benefits and services produced by home … (13 comments)
Some would say that Pre-Qualifying a Home Buyer these days is a Science. That meaning there is an exactness to the process as it now stands during the 1st Quarter of 2014. I'd say that's definitely wrong. The many changes that have taken place in the Lending Industry (including those that kicked in on January 10th, 2014), have erased much of the exactness from any current lending equation. As Mortgage Lenders make adjustments because of the new guidelines regarding "Ability-to-Repay" (ATR) and the … (24 comments)
prequalification: The Field of Forbidden Fruit...The Buyers' Risk of Skipping Pre-Qual
- 04/25/13 02:47 AM
I just HAD to re-blog this post of Mona Gersky's (MoonDancer Realty, Sylva, NC) ... it contains such timely, wise advice for today's new home buyers ... There are so many potential dangers for buyers (and those re-financing too), should they not speak to a Mortgage Lender well in advance of the time of actually needing their financing. I stress that this timing for contact and Pre-Qualification is especially true for: First-Time Home Buyers Buyers that have previously suffered through a Short-Sale, Foreclosure, or Bankruptcy Those hoping to buy a Condominium property Those that have not sought … (5 comments)
prequalification: Hoping to become a Successful Spring home Seller and Buyer? Part 2 ...
- 01/04/13 02:25 AM
Hoping to become a Successful Spring home Seller and Buyer? Part 2 ... Part 1 of this post pointed out that being located within a cold weather climate does not need to be a liability to those home owners hoping to list and sell their home this coming Spring. There are many things that can be tackled and accomplished within a home, even during cold winter months found in Chicagoland and elsewhere across the USA. Part 2 of my post tells you what those things are ... and how to go about successfully … (5 comments)
"Why don't you produce Rate Sheets?" Someone asked me recently, "Why don't you produce Rate Sheets?" It's a question I'm asked every now and then by agents, potential clients, and even past clients. Years ago, Rate Sheets were a handy and integral part of any Mortgage Lender's marketing. Now you just don't see them as much. Why? "I just don't find that they are truly helpful to my referral partners, clients, or my business". I believe, unless a Mortgage Lender represents … (28 comments)
Your Mortgage Menu. Your Health Dictates What Choices You Have
Yesterday, I wrote a post regarding the possible re-emergence of 3% down, Mortgage Insurance-related mortgage products and their once again becoming an option for home buyers.
As I thought it would, it opened-up some discussion about small down payment requirements and the wisdom of exercising them. Personally, I feel this option, now being considered for re-introduction into the mortgage market, is much like any other financing option. It's an option open for exploration.
I believe the final decision regarding its use should be ... and will be dictated by the individual home … (13 comments)
I'm Adding Magic to My Mortgage Services Ever have one of those days where you found yourself wishing you had magical powers at your fingertips? ZAP!!! Anything you want! Done! Awarded! I read multiple blog posts this morning that made me wish that today could be one of those magical days. The posts' topic? They were all written about current interest rates and where they might be heading. Lots of room for speculation and discussion in that topic! Personally? I think at times the focus on … (28 comments)
prequalification: SO YOU WANT TO BUY A HOME WITHOUT A PRE-APPROVAL....REALLY???
- 09/27/10 08:19 AM
Those thinking of buying a home need good solid sources of information to educate and assist them throughout their entire home buying transaction. From the moment of the idea's conception through its completion, those two elements are all-important. If you are a potential home buyer, you should have real estate professionals at your side throughout that entire process. It should be one long tutorial and hand-holding session. Your home buying process and search cannot be started in earnest until a PRE-QUALIFICATION OF MORTGAGE is conducted by a mortgage professional. In this present real estate market, that fact has never been … (7 comments)
Here's an important message that definitely bears repeating ... If you ever hope to enter the home buying market ... there is no better time than NOW to start the buying process! And whether you're hoping to buy within 6 months or 6 years down the road, the following statement is true. The first steps you take towards purchasing your home will be the same. Those steps will begin with credit. It's also true, that your processing and preparation for Closing Day will end with credit also. What does that mean? It means that ... Your Mortgage Professional … (14 comments)
prequalification: Delivering The Facts About Reverse Mortgages. Determination of an Outcome is a Personal Thing.
- 07/26/10 09:23 AM
Facts will tell you ... what is medicinal and of assistance physically to one person, is pure poison to another. That is certainly the truth when talking of mortgage loan programs. One has to look no further than the notorious ARM programs of this last decade to verify that statement. They were a godsend to some consumers ... and lethal to others. Currently, you need not look any further than the Reverse Mortgage Loan to view a Devil and Angel comparison either. Some financial analysts view them as a sure sign of senior abuse, while other analysts will tell … (4 comments)
prequalification: With Current Interest Rates This LOW .. Do Yourself a Favor and Make the Call!
- 07/01/10 07:54 AM
The headlines of an Associated Press article found on MSNBC.COM this morning shouted "MORTGAGE RATES AT LOWEST IN FIVE DECADES". This article reported that the last time we saw rates this good was in the 1950's. But also reported within the article? Low rates are still not causing much of a stir amongst consumers. They're just not taking action. I am here to make the plea to all current homeowners ... or those thinking of entering the housing market for the first time ... PICK-UP THE PHONE OR CONTACT A PROFESSIONAL MORTGAGE LENDER TODAY! If you currently own a home … (11 comments)
prequalification: Dive In ... The Market's Fine!
- 05/07/09 02:17 PM
Getting pre-qualified for your home purchase is very much like sticking your toe in the pool's water to see how warm or cold it is. Things move slowly and tentatively at first, but get positive feedback on your credit and finances from your lender ... and you want to get in the water the rest of the way! Now, just as there are differences in the style of entry into water, there are different styles of entry into the real estate market too. Some people slowly and conservatively ease themselves into the "water" trying to acclimate themselves to the changes in its' temperature and depth, … (5 comments)
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