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western coloradomontrose colorado mortgages: Should I refinance my mortgage? - 09/17/09 10:24 PM
 
I get this question to many times a day, but the honest answer isn't so easy.  A lot of Realtors and others will tell you if you can save 1% off our rate then it is a "no brainer".  I will respectfully disagree. 
We need to take a hard look at other factors.
How long are you planning to stay in your home? 
What type of loan do you have now?
Are you paying MI or PMI?
What is your loan to value?
 
So let us play 20 answers or so (you get the idea, plus this make you … (10 comments)

western coloradomontrose colorado mortgages: FICO 08, an update on Credit Scores - 03/19/09 08:33 AM
Just when you thought you had the credit scoring system all figured out along comes FICO 08.  Now we all know with all the changes in the lending world that credit socres are so overly important and we are all looking for ways to help our clients maximize their scores and actually FICO 08 just might help some.
 
  Transunion started using it end of January and Equifax is planning a fall launch and Experian, well it is anyones guess when they might roll it out. (Experian and FICO are not very friendly these days)
 
Some of the changes are
… (2 comments)

western coloradomontrose colorado mortgages: What an "E" Ticket Ride in the Mortgage World - 09/09/08 05:03 PM
  For those that are not "seasoned enough" to  
remember "E" Tickets at Disneyland/World it was the ticket to get you on the best and most exciting rides.  I have fielded numerous calls today about what is going on with rates. 
What will they do next?is the biggest question and to be honest,
I really wish I had that flying Delorean  so I could give you all the answer we crave.  But, lets look at the past 2 years for some sense of guidance.  The last 2 falls and winters saw rates drop to the lowest levels of the year.  With the … (2 comments)

western coloradomontrose colorado mortgages: Does Active Rain work? Sometimes? Maybe? AND IN DIFFERENT WAYS - 09/04/08 08:35 AM
Well since Eleanor doesn't or won't relate this story, guess it falls to me.  You see Active Rain does work and the consumer will and can find you if you offer what they are searching for at the second.   Example, of course I have one!!!  About 2 months ago, I got a call from a potential client in  NORTH CAROLINA (Eleanor's back yard).  This lady was looking for a loan BUT no one would bother to help her.  She has a UBC modular home, BUT since it had this "sticker from the state on it every one and She meant … (10 comments)

western coloradomontrose colorado mortgages: Rate versus affordability - 06/20/08 10:58 AM
Mr. Belonger  has written another wonderful post about payment versus rate and that got me to thinking about a client of mine or 2.
  About a year ago this young couple came to be and they wanted to get start the process of looking to buy their first home.  So we pull their credit and lets just say that a year later we are ready to go. 
So I ask the question what payment range will you be comfortable in..... 
the response well we are paying $1100 in rent right now and the home we are renting is in foreclosure and we … (5 comments)

western coloradomontrose colorado mortgages: So you're crying the no buyer blues???? - 05/29/08 07:19 PM
Just can't get the buyers off the fence?  There they sit sipping their coffee
and browsing your wonderful website and kicking all the tires.....
and you
 The Professional Realtor can't get them to commit, to pull the trigger.... to write the freaking earnest money check.  Now your seller is asking you what and why and how and they are talking about dropping the price AGAIN.  After all look at all the inventory and all of them are dropping the price.... low price wins right??????  I mean after all, your stager is wonderful and all the feed back is 110% positive......
So, … (8 comments)

 

Joe Adams

Montrose, CO

More about me…

Major Mortgage USA/Branch Manager

Address: 1521 Oxbow Dr #125, Montrose, co, 81401

Office Phone: (970) 252-1700

Cell Phone: (970) 209-9802

Email Me

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