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lender: Panel of Experts- DRE, FRE - 10/19/07 11:21 AM
Yesterday I attended a California Association of Mortgage Brokers Panel of Experts meeting. On the panel were:
Sergio Barajas, Expanding Markets Manager, Freddie MacLouisa Broudy, Deputy Commisioner, Financial Services Division, Dept of CorporationsTed Grose, Director and CAMB advisorTim Le Bas, Deputy Commisioner, Dept of CorporationsGary Sibner, DRESandra Smith, HUDThey addressed what is currently being done to protect future borrowers and to help current troubled borrowers:
They talked about California's new law SB385 and how it creates more laws regarding disclosure. They want to make sure borrowers understand the loans they are getting.
Also discussed was the push to require mortgage brokers to be licensed. … (2 comments)
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lender: The Nine Most Common Mistakes to Avoid When Obtaining a Home Mortgage! - 09/21/07 12:39 AM
You are about to make what will most likely be the largest transaction of your life: your home mortgage. Unfortunately, many homebuyers do not take the time to research some of the little but weighty intricacies of mortgages. Researching the mortgage process takes little time compared to the tens of thousands of dollars it could save you. Doesn't it make sense to become as completely informed as possible before you buy your next home? This special report is designed to help you avoid nine common mistakes. Remember that the right lender can help you make good, sound business decisions based on … (2 comments)
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lender: Mortgage Terms You Must Know! - 09/20/07 12:06 AM
Twenty Terms You Must Know and Understand Before You Sign Off On Your Mortgage! Buying a home is a major achievement in most everyone?s life. Pride of ownership, tax breaks and equity are just a few of the many benefits you?ll enjoy with your new home. Your home purchase may also be one of the largest you will ever make. During the emotional excitement of buying a home, you may encounter terms with which you are unfamiliar. For some, it can be bit embarrassing to ask what they consider too many questions. Others may make a note of their questions but … (0 comments)
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lender: Secrets Lenders Don't Want You To Know.. - 09/19/07 11:51 PM
The right or wrong decision when signing your home mortgage can mean thousands of dollars difference in interest paid. There are very important considerations to evaluate before you commit to a 15 or 30 year note. For many of us our mortgage payment is the most important financial decision we'll ever make. Doesn?t it make sense to know as much as possible about the financing of our home? Take the time to thoroughly investigate all of your options! Unbelievably, many of us sign the first mortgage placed in front of us. Typically the excitement of the new home purchase reduces the … (0 comments)
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