Craigslist Mortgage Ad's *Beware* Part II - 10/31/07 08:47 AM
This post is a follow up to one that I recently wrote entitle Craigslist Mortgage Ad's *Beware*. In that post I went over the laws about advertising in Florida and what the state requires. On Craigslist I have seen and continue to see gross violations of these Laws. It is a shame … (13 comments)
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Short Sales & Private Money / Hard Money Might Make a Good Financing Alternative - 10/29/07 09:57 AM
Short Sales & Private Money / Hard Money Might Make a Good Financing Alternative
In Florida, one of the hot topics is Short Sales the purchases and the financing of these properties. However, before you jump on the band wagon and say "I would Never use that type of Financing" lets take … (13 comments)
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ATTN: Realtors.. A question of Law and Ethic's - 10/28/07 11:00 AM
As many of you know I am Full-Time Mortgage Broker in South Florida and I take pride in that fact. However, while reading this mornings paper I came across this ad in our local newspaper. Please note that I will not mention the paper or the person who is running it, … (23 comments)
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Now I Have Seen Everything When Recruiting a Mortgage Broker - 10/27/07 07:11 AM
As a Licensed Florida Mortgage Broker I constantly get bombarded with letters, E-Mails and phone calls trying to recruit me to hang my license with their company. I am sure Licensed Realtors receive the same type of advertising as well. However I just have to write about the one I just … (21 comments)
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Craigslist Mortgage Ad's *Beware* - 10/25/07 09:21 AM
Craigslist Mortgage Ad's Beware
As a Licensed Florida Mortgage Broker located in the South Florida (Palm Beach County) I really cannot believe some of the ad's that are Craigslist for Mortgage's. Just to let you know I do advertise on Craigslist as well but recently I cannot believe what some of my competition … (33 comments)
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Short Sales Sound Fantastic But..... - 10/24/07 10:42 AM
With my reputation in Florida as a Mortgage Broker who never gives up I am busier now with all the Short Sales going on in Florida. I would just want to pass on some advice about purchasing a Short Sale.
Make Sure You Are Using a FULL-TIME Realtor who knows Short … (20 comments)
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Really What Does YSP (Yield Spread Premium) Mean to You Mr. & Mrs. Consumer - 10/23/07 08:50 AM
As a Mortgage Broker in Northern Palm Beach County, Florida (Palm Beach Gardens) yes part of how I get paid is from the end Investor (Lender) in the form of YSP (Yield Spread Premium). But really, what does this mean to the average consumer?
Most Lenders such as Bank of America, Wachovia, Suntrust, … (15 comments)
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Mortgage Broker Pay's Up....Miami is better than Florida State!!! - 10/21/07 02:41 PM
VS
Back in June Active Rain had a great party in Orlando where I met some amazing members of the Active Rain community. A Couple that I met was Rick and Ines from Miami and as many of you know I am from Miami originally and went to Florida State for … (13 comments)
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I Want the Truth...You Can't Handle the Truth - 10/20/07 03:31 PM
Being a Mortgage Broker in South Florida (Palm Beach County) and with the Market shift from purchases to Refinance of current loans I think maybe the heat gets to people. Then again, maybe it is myself who is getting older and the older I get the more stories I have heard … (22 comments)
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Congratulations You Just Applied for a Mortgage. Now What? Part II - 10/19/07 08:58 AM
Congratulations you just applied for your Mortgage through your Mortgage Professional and made it through all those pages of either initialing or signing. Did the Mortgage Professional explain each page to you or did you just sign because it was so many pages you just want it done with? Almost all … (11 comments)
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Wake Up People! School is Open - 10/18/07 02:56 PM
Maybe the Florida heat gets to people but I can't believe when taking my son to school today that another parent was able to cut me off and almost hit two other cars in-order to get to the parking lot first of my son's school. Of course the other parent … (20 comments)
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Am I Being Cheap or Just Using Common Sense? - 10/18/07 08:30 AM
I am a Mortgage Broker in Palm Beach Gardens, Florida and one of my constant overheads in business is my Credit Account that I must pay each time I access someone's credit. Roughly, every time I pull a single tri-merge (Equifax, Trans-union, Experian) credit report the bill is $10.00 and for a joint credit … (10 comments)
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Hard Money / Private Money Always a Constant or is it? - 10/17/07 06:42 AM
Hard Money Loans (or Private Money) in Florida has always been a constant. Being a Mortgage Broker I knew or thought I knew I could always count on them to stepping up to the plate the rules and guidelines where usually very simple.
FICO Not RequiredUsually 65 LTV (Loan-to-Value)Closing costs involved pointsFast … (19 comments)
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Student Loans in Deferment? Think Again - 10/16/07 07:29 AM
Congratulations! You decided to take advantage of the buyers market right now. I have been working with borrower's in Palm Beach Gardens, Florida as well as throughout Florida. Recently, one of my borrowers had deferred Student loans which showed clearly on their credit report as deferred. (No Payment due)
When figuring the clients … (17 comments)
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I Only Deal With My Loan Officer at My Bank!... Yeah Right....Good Luck - 10/14/07 03:21 PM
Now before you think this is a post on how great Mortgage Brokers are versus Loan Officers at a Direct Lender sorry to disappoint you. This post is to educate you on a bad loan officer as well as a bad Mortgage Broker can be anywhere even at a DIRECT LENDER. … (23 comments)
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Taste of the Gardens is Back in Palm Beach Gardens - 10/10/07 12:10 PM
Taste of the Gardens is Palm Beach Gardens Green Market and it is back beginning this Sunday (October 14, 2007) from 8am to 1pm. The market has live entertainment along with produce, plants, Flowers, Hand Made crafts, Great prepared meals along with your local Mortgage Broker. I have done this event now for … (15 comments)
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Congratulations You Just Applied for a Mortgage. Now What? - 10/09/07 07:22 AM
Congratulations, you spoke to several Mortgage Professionals and decided to apply for your home Mortgage through your Mortgage Broker. Now what happens next? Your Mortgage Professional should have either contacted you prior to signing the application on the documents needed or leave you with a list of documentation you will be required … (11 comments)
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ATTN: Cigar Smokers in South Florida - 10/05/07 07:05 PM
Now that I have your attention. Las Vegas and New York might have the "Great Smoke" but right here in West Palm Beach Smoke Inn has the event this Tuesday (10/9/2007). Smoke Inn has 3 great Cigar Shops West Palm Beach, Port. ST. Lucie and Jupter/Tequesta area. Abe (the Owner) is … (4 comments)
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Make Them Stop! I Can't Take It Anymore! - 10/03/07 10:14 AM
As many of my readers know I am a Licensed Florida Mortgage Broker located in Palm Beach County (Palm Beach Gardens) and I do not purchase leads. My business comes strictly from referrals and thankfully through Active Rain and people reading my outside blogs. (Mortgage Advice, Palm Beach Gardens) Recently, I am … (16 comments)
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ATTN: The Best Rate is not Always What the Client wants. - 10/01/07 10:56 AM
While sitting in my favorite Cigar Shop in Palm Beach Gardens for Sunday Football with all the usual patrons, one of them asked me if I would answer some questions about First Magnus and Countrywide during half-time. Now anyone who knows me, knows I would never miss an opportunity to speak to a potential … (18 comments)
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