mortgage advice in south florida: Why Does Hard Money / Private Money Cost So Much? - 02/17/08 10:43 AM
Why Does Hard Money / Private Money Cost So Much?
As a Mortgage Broker in Florida (Palm Beach Gardens) I have built up a reputation as having many of these type of Hard Money Investors at my disposal. While this is true I am also asked many times why does it cost … (8 comments)
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mortgage advice in south florida: Mr. /Mrs. Loan Officer How Much Do I Qualify For? - 02/01/08 10:13 AM
Mr. /Mrs. Loan Officer How Much Do I Qualify For?
When shopping for a new home most people will go to their local bank ask to speak with a Loan Officer to ask how much will they qualify for on their first home Mortgage. Sadly, I have heard the following story to many times … (17 comments)
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mortgage advice in south florida: Mortgage Accelerator Programs.... You Know The Ones Pay Your House Off in 8 Years - 01/26/08 05:41 PM
Mortgage Accelerator Programs....
As a Mortgage Broker in South Florida (Palm Beach Gardens) I have been bombarded by phone calls, E - Mails and direct Mail about how I can make money off my clients by selling or pushing these type of programs. Now I have done the numbers and this not … (19 comments)
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mortgage advice in south florida: I Just Want the Lowest Mortgage Payment....(Sound Familiar) Don't Forget Common Sense - 01/25/08 09:15 AM
As a Mortgage Broker in South Florida (Palm Beach Gardens) I can't tell you how many times I have heard these words from my clients. "Just give me the Lowest Payment on My Mortgage" This is why when when preparing a quote for my clients I always layout their financing options. … (10 comments)
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mortgage advice in south florida: GET OUT OF FLORIDA NOW! - 01/20/08 11:38 AM
Part of my job as a Mortgage Broker in Palm Beach Gardens, Florida (Northern Palm Beach County) is dealing with Wholesale Account Executives from Direct Lenders. When you having been in the Business as long as I have, you become friendly with many of these people. Once friendly with these Account … (31 comments)
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mortgage advice in south florida: MI (Mortgage Insurance) Vs. Sub-Prime Mortgage Programs Things You Should Know - 01/16/08 09:39 AM
MI (Mortgage Insurance) Vs. Sub-Prime Mortgage Programs Things You Should Know
With the Mortgage Industry facing huge losses in the Foreclosure and Short Sale area's, Mortgage Insurance (Mortgage Insurance is required when you have less then 20% equity) companies have changed rates to help compensate their losses as well. Mortgage Insurance is … (14 comments)
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mortgage advice in south florida: Stated, No Doc, No Ratio Home Loans..Think They Are in The Past? Guess Again - 01/15/08 09:52 AM
Stated, No Doc, No Ratio Home Loans..Think They Are in The Past? Guess Again
As a Professional Mortgage Broker in Florida I found their are many misconceptions on what Mortgage Programs are available in today's Lending Industry. The following programs are still available:
Stated Income, Stated Assets (No Proof of income or assets)Stated … (44 comments)
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mortgage advice in south florida: Adjustable Rate Mortgage Due? Indices LIBOR, MTA, COFI? Don't Get to Comfortable - 01/12/08 09:04 AM
Is your Adjustable Rate Mortgage (ARM) coming due or know someone that is? Then please pass this information on to them.
As a Mortgage Broker in South Florida (Palm Beach Gardens), I have seen many market trends within the Lending Industry. Right now we are in a correction state of the … (8 comments)
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mortgage advice in south florida: Are You Available 24/7 For Your Potential Clients? Don't You Love Technology - 01/02/08 09:13 AM
Being a Mortgage Broker in Palm Beach Gardens, Florida (South Florida), and someone who does not purchase leads for clients I rely on referrals from past clients as well as people who find me on-line. Once someone visits my web site ( MyFavoriteMortgage.Net ) and fills out a request for info … (11 comments)
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mortgage advice in south florida: What Should I have in 2008 When Applying for a Mortgage.....Patience - 12/28/07 10:23 AM
When Applying for a Mortgage in 2008 be ready to have Patience
As a Licensed Mortgage Broker in Florida (Palm Beach Gardens), I am seeing a trend in the later part of 2007 and predict it to continue into 2008 of each Lender (Bank of America, Countrywide, Indy Mac Bank, Wachovia, etc..) … (18 comments)
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mortgage advice in south florida: Where Do I Go In 2008 as a Mortgage Broker? - 12/26/07 07:58 AM
I believe when starting in an industry everyone should start with a business plan. This is something I have always done and once a year I review it and make changes if needed. Now that 2007 comes to a close it is time for me to once again review mine. This year I have … (18 comments)
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mortgage advice in south florida: Hard Money / Private Money: The Basics - 12/22/07 08:56 AM
Hard Money / Private Money: The Basics
With the Mortgage Industry in constant change lately many of my clients are turning towards Hard Money type loans. These Loans also go by the term Hard Equity and Private Money. Being a Mortgage Broker in South Florida (Palm Beach Gardens) I have over the … (20 comments)
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mortgage advice in south florida: Things not tell Your Licensed Mortgage Professionals - 12/19/07 08:45 AM
As the year comes to a close, I find myself reflecting on this past year interviews from clients. Below is a list of phone calls and interviews that I have received from people looking for Mortgage's in Florida. Hopefully you will learn what not to say or do while speaking to a Licensed Mortgage … (37 comments)
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mortgage advice in south florida: What?! I Never Paid My Bank Those Closing Costs! - 12/18/07 08:06 AM
What? I never paid my Bank those Closing Costs!
As a Licensed Mortgage Broker I make sure my clients fully understand all of the papers they are signing plus the Mortgage and the Good Faith Estimate. When meeting with a client yesterday that was referred to me for his refinance of his … (20 comments)
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mortgage advice in south florida: Feel Like Lenders Just Don't Care? - 12/14/07 10:45 AM
Lenders and Investors all over the country are being hit hard by the current crisis in Lending Industry. Do you feel like your Lender doesn't get it? Are Lenders like Kings and your are just their for amusement?
Press Play
Well this was just a movie and hopefully you got a good chuckle … (21 comments)
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mortgage advice in south florida: Get Your Nails Done and While You Wait You Can Get a Mortgage as Well - 12/13/07 09:09 AM
This post was was inspired after speaking with Jeff Belonger the other day. I had called Jeff to ask him a FHA question (yes believe it or not I don't have every answer) and while we are on the phone I had to tell him about a woman I met recently. … (27 comments)
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mortgage advice in south florida: ATTN: Mortgage Professionals Not Everyone in Florida is Stupid! Part II - 12/11/07 09:29 AM
When I wrote the original Post ATTN: Mortgage Professionals Not Everyone in Florida is Stupid I really did not anticipate a follow up post to that one. However, these lower than dirt people who claim to be professionals (also they are Loan Officer and Not Licensed) are coming out of the … (17 comments)
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mortgage advice in south florida: ATTN: Mortgage Professionals Not Everyone in Florida is Stupid - 12/05/07 09:47 AM
Being a Mortgage Broker in South Florida (Palm Beach Gardens) for so many years and before that being a Loan Officer I have built up a loyal following of clients. Today I received an e-mail from one of my clients to please review a Good Faith Estimate(GFE) that her retired Mother … (31 comments)
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mortgage advice in south florida: The Power of Media and Countrywide - 12/01/07 07:38 AM
Being a Mortgage Broker in South Florida (Palm Beach Gardens) I work with many of today's Premiere Wholesale Lenders and this would include Countrywide. I have read all the problems they are facing but the facts are they are still here and still in business and lastly they are funding … (45 comments)
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mortgage advice in south florida: Are You Really That Desperate? - 11/26/07 06:43 PM
I know I am a Licensed Florida Mortgage Broker located in Palm Beach Gardens, Florida (Northern Palm Beach County). This is what I do for a living and I take pride in what I do. Below is a list of careers that I am either not licensed for or not trained … (41 comments)
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