mortgage industry: Hurricane Season is Back. Things You Sould Know in the Mortgage Industry - 06/04/08 06:28 AM
Last year I wrote a post about purchasing a home during Hurricane season and the things you should be prepared for. Thankfully the AR higher up's did feature this post and after reviewing it I believe it really should re-looked at. so here is the post:
Mortgage Advice For Hurricane Season
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mortgage industry: Business Cash Advance. No Liens, No Collateral, No Hassle! - 03/12/08 08:00 AM
Business Cash Advance
As a Mortgage Broker in Palm Beach Gardens, Florida many of my clients are Self-Employed Borrowers. Many of these Clients Business are based on Seasons and therefore have up's and down's on their cash-flow. This is why I am so excited about a new product that one of my … (8 comments)
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mortgage industry: ATTN: ATTN: Mortgage Brokers / Loan Officers Turn Cannibalistic - 03/11/08 07:25 AM
As the Mortgage Industry continues to make changes and tighter underwriting guidelines more and more websites have popped up to "Help" place loans for the Mortgage Broker as well as the Loan Officer. Recently, I was on one of these sites to place a loan scenario for a hard to place … (13 comments)
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mortgage industry: Need More Information on Hard Money Type Loans? Please Read....... - 02/21/08 03:28 PM
As many of my readers know I am a Mortgage Broker in South Florida (Palm Beach Gardens) and work with several different lenders. Throughout my years in the business I have built up a reputation for Hard Money Loans, Jumbo, Super Jumbo's and Sub-Prime Mortgages. Lately, I have seen a big … (7 comments)
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mortgage industry: 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 industry: Do You Really Know Your Title Company? - 02/13/08 09:29 AM
As a Mortgage Broker in South Florida (Palm Beach Gardens) part of what I do when a client is either purchasing or refinancing a property is get in touch with the Title Company. It is illegal for a Lender or a Mortgage company to restrict what title company the client would like … (4 comments)
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mortgage industry: And People Say They Hate Mortgage People..How About Computer People?!?! - 02/10/08 04:35 PM
Many of us on Active Rain have outside blogs including myself (MortgageAdviceinSouthFlorida) and one of the features that I have on my outside blog is to preview comments before being posted to my blog. If I like the comment then I can allow it to be published or not. This has … (16 comments)
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mortgage industry: Stimulus Package Passed and My Phone Rings... - 02/08/08 05:59 AM
With the Stimulus Package passing congress it was amazing how fast my phone rang as a Mortgage Broker in Florida. Sure enough last night my phone rang around 8:30 (try that with a retail loan officer) from a client informing me that when bought his home his first mortgage was for $417,000and he … (19 comments)
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mortgage industry: Hard Money / Private Money Construction Loans - 01/30/08 09:12 AM
Hard Money, Private Money, Construction Loans.... No this is not a Typo
You found your perfect property and now you want to build your dream home. You just found out do to your situation (job history, FICO, Loan-to-Value, etc......) you can't qualify for a conventional Construction home loan in Florida. As a Mortgage Broker … (16 comments)
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mortgage industry: Mortgage Pro Week In Review -- 1/21/08 Through 1/27/2008 - 01/27/08 05:37 PM
When Jeff Belonger asked me to do the Mortgage Pro Week in Review I readily accepted the invitation. I have seen some good quality posts this last week. I hope you enjoy them as much as I have. I have read many mortgage posts over this past week and have come up … (44 comments)
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mortgage industry: 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 industry: 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 industry: 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 industry: 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 industry: 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 industry: 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 industry: 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 industry: 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 industry: 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 industry: 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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