tempe mortgage lender: Homeownership starts with taking responsibility for your credit - 08/18/09 06:06 PM
Imagine yourself in your dream home; you've got everything you wanted including the white picket fence. Now take a step back...how did you get there? I will tell you one way of never getting into your dream home; bad credit. Period. The end. If you have poor credit, you'll never be … (2 comments)
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tempe mortgage lender: Mortgage Options for Divesting Real Estate Assets after a Divorce - 10/14/08 05:17 PM
So the decision has been made and divorce proceedings have been started. For many couples who go thru this chapter in their life are really not sure where they stand in terms of being able to keep the home. Some couples just want to sell and move on and others want … (2 comments)
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tempe mortgage lender: I just lost another loan to ditech, oh wait is ditech still around? barely! - 09/03/08 02:10 PM
I am sure you already heard, its going thru the financial networks and the blogging world faster than I can keep up with it. I just heard about this from a colleague of mine. GMAC Financial just announced they are laying off 5,000 employees. Here is a post from AR who broke the story … (17 comments)
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tempe mortgage lender: And You Really Thought You Can’t Get a Home with $100.00 - 08/29/08 06:45 PM
My speciality for the last 3 years has been primarily to focus on helping 1st time home buyers make the dream of home ownership a reality. Wow what a cliche I just said. Anyhow my question of the week from many real estate agents is: How am I going to help buyers … (17 comments)
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tempe mortgage lender: The Home in 5 Bond Program a great substitute to Ameridream and Nehemiah - 08/22/08 02:38 PM
With so much talk about down payment assistance programs (DPA's) going away some homeowners will be left out in the cold and will be wondering about how they too can buy a home in such a great buyers market.
Most lenders out there are just not offering any 100% financing … (8 comments)
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tempe mortgage lender: Mortgage Financing Tips When Buying an Investment Property: - 08/16/08 10:59 AM
Prices are finally starting to bottom out in most of the best areas around the Greater Phoenix Market and investment opportunities with positive cash flow are easy again for come by. In the last 30 days I am once again getting calls from investors who would like to buy at the … (3 comments)
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tempe mortgage lender: From a Lenders Perspective: Housing & Economic Recovery Act of 2008: HR-3221: The Housing Bill - 08/07/08 01:32 PM
I just got out of a training class yesterday from the corporate powers to be, and this is the layout of this new housing bill from my point of view.
1. Down Payment Assistance is going away September 30, 2008. Officially the funds will be available for a client who if … (1 comments)
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tempe mortgage lender: 62 Days Until Down Payment Assistance Goes Away - 07/30/08 06:25 PM
Well,
I was hoping to never have to write this post. Today President Bush signed into law: The Housing Bill
which has now done away with down payment assistance programs such as Ameridream and Nehemiah.
If you agree or disagree with the politics behind the bill, it does not change … (15 comments)
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tempe mortgage lender: Please Call Me, I am the Advertised Interest Rate - 07/24/08 11:33 AM
"Hi my name is Mr. Mortgage Billboard. I am the big sign you see on the way to work each day. My colors are nice, pretty, and my font type is Helvetica, most appealing to my audience who drives by me each day. My goal is to become your friend. I … (5 comments)
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tempe mortgage lender: Know the Real Facts about Adjustable Rate Mortgage (ARM) Resets - 07/06/08 03:01 PM
This morning I read an article in the The Arizona Republic titled: "Arizona rate increases to peak in July". To paraphrase this article quickly, it basically states that Arizona homeowners will be faced with higher foreclosures due to the number of Adjustable Rate Mortgage that are about to reset.
Let me … (8 comments)
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tempe mortgage lender: Active Rain, Social Networking and Dinner Partys - 07/06/08 02:35 AM
I have to share this tonight, because the creative juice is flowing and it might be gone in the morning.
Tonight I had the pleasure of having Christoph Schweiger and his family over for a barbecue tonight. The importance of sharing all this is because we all live in a world … (8 comments)
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tempe mortgage lender: Exciting News of a New Mortgage Product For our Arizona Clients: - 07/05/08 02:01 AM
In a real estate market where every buyer counts, Cherry Creek Mortgage has stepped up to the challenge of the real estate community to be one of the first companies to bring the FHA 203K product to Arizona. As First Time Homebuyers are struggling to find the right home in their … (0 comments)
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tempe mortgage lender: Lender Fallout: Finding the Right Mortgage Lenders to Pick Up the Pieces - 07/02/08 01:26 AM
For once I picked up the paper and my local rag of a newspaper finally printed something about the mortgage business that was worth talking about. The Article was posted in The Arizona Republic titled: Finding lender you can count on then, I realized that it was not a new article … (2 comments)
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tempe mortgage lender: The Fragile Mind of a Mortgage Professional June 27, 2008 - 06/28/08 03:24 AM
In the summer, just getting through the week is sometimes the biggest battle.
My week started out great, with some mortgage applications to work on and getting some mortgage financing of my own out of the way.
Right now is one of the best times to buy investment property, and I … (0 comments)
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tempe mortgage lender: The Fragile Mind of a Mortgage Professional June 20, 2008: - 06/21/08 02:52 AM
Well,
I survived another week in the summer heat of Arizona. Yeah, Yeah, Yeah it's a dry heat, heard that one before. When it's 115 degrees outside and you can fry an egg on the sidewalk here in glamorous Tempe, Arizona it's pretty unbearable. I jumped in my pool tonight just … (13 comments)
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tempe mortgage lender: What Needs to be Done to issue a "REAL" Mortgage Pre-Approval Letter - 06/21/08 01:47 AM
I just got done reading a great post from Jesse Clifton titled: I'm sorry, what did you just say? and it made me think about how many loan officers everyday write up pre-approval letters and really give no real thought on the outcome of what they just did.
I have been around … (12 comments)
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tempe mortgage lender: Does your Closing Agent make Housecalls? - 06/20/08 01:57 AM
It's funny how many vendors we are approached by each day stating that have the latest and greatest. Heck my competition is great at this. They like to announce to the real estate agents how they can deliver on time and how their service is better than the next guy, blah, … (2 comments)
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tempe mortgage lender: Market Shifts to Higher Interest Rates as Inflation becomes a Huge Concern - 05/30/08 01:02 PM
I have been watching rates move in an upward direction all week. Mortgage insiders such Barry Habib with "The Mortgage Market Guide" has been preaching this all week and the signs are there.
Now that rates are moving in that direction, what does this mean to a buyer who is shopping … (0 comments)
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tempe mortgage lender: Paying the Bills on Time: The Building Blocks to Homeownership - 05/30/08 01:14 AM
If you have followed the real estate market and lending environment for the last 12 months, than you probably know that mortgage lenders have become quite strict on their mortgage guidelines.
The banks just do not have the money or resources to take any chances on what they deem as a … (0 comments)
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tempe mortgage lender: How to Avoid Credit Hijacks from Mortgage Lenders and Protecting Your Privacy - 05/30/08 12:56 AM
Have you ever applied for a home loan with a trusted mortgage lender just to have some other mortgage company call you within minutes offering you the same loan?
If you have: You have been a victim of what I consider an unethical but legal practice in the mortgage industry called "Credit … (3 comments)
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