mortgage: Surprise: "Toxic" Mortgages Are The Best - 09/26/07 09:58 AM
With all the negative talk and horror stories concerning the Option ARM I thought I would share this article that recently came out in BusinessWeek.
Surprise: 'Toxic' Mortgages Are the Best
… (2 comments)
|
mortgage: Making English Out Of Fed-Speak (June 2007 Edition) - 06/29/07 05:16 PM
The Fed left the Fed Funds Rate unchanged again today for the eighth time in a row after 17 consecutive hikes. None of this is news to us.
The Fed's press release, though, highlights a key theme about our country's economy: inflation may be moderating, but we are far from in the clear. … (0 comments)
|
mortgage: How To Protect Yourself From Becoming A "Trigger Lead" - 06/26/07 09:23 AM
From the CBS News Video Web site, an interesting story for anyone who's recently applied for credit.
Credit repositories now sell the contact information of people applying for new mortgage loans to other mortgage lenders that want to compete for the business.
Called "trigger leads", an unsuspecting mortgage applicant can have his credit … (0 comments)
|
mortgage: Be Wary Of Opinions That Masquerade As News - 06/21/07 10:14 AM
Is "news" always news, or is it masked opinion?
When doing research on mortgages, it's important to pay attention to the objectivity of your research source.
Often, a writer will deploy key adjectives, phrases, and/or images that distort an otherwise factual story.
The above cartoon from clangnuts.com is a terrific example.
It … (1 comments)
|
mortgage: The Two Methods To Generate Home Equity Are Not Equal - 06/15/07 06:15 AM
Home equity is created in one of two ways (assuming increasing home value and a non-negatively amortizing first mortgage).
In the first method of creating equity, the homeowner pays down the principal balance on the mortgage. This increases the difference between what is owed on the home and what the home is … (0 comments)
|
mortgage: Would You Have Answered The Mortgage Type Quiz Correctly? - 06/14/07 06:32 AM
The pie chart above comes from a Bankrate.com survey, sampling 1,000 adults about their current housing situation.
The question asked: What type of mortgage do you currently have?
While the 34% "Don't Know" figure is troubling, even more frightening is the 6% "ARM" figure.
The sample size was small, but … (0 comments)
|
mortgage: What Role Do You Play In This Rising Mortgage Rate Environment? - 06/13/07 10:17 PM
The American Consumer keeps spending.
This morning, the monthly Retail Sales report showed a larger-than-expected jump. Even after stripping out elevated gas prices, the sales increase was more than double the expected amount.
The economy surges ahead, fueled by everyday spending, and this does not bode well for the future … (1 comments)
|
mortgage: Proof That Mortgage Bonds Are A Global Market - 06/12/07 09:17 AM
If you ever wanted proof that mortgage rates react to global events, the past four days are it.
Worldwide, investors are shunning the United States mortgage market in search of higher returns elsewhere.
The more they sell, the worse mortgage rates get.
The latest catalyst for extra supply: speculation about a Bank … (0 comments)
|
mortgage: The Week In Review (June 11, 2007) : What To Watch For - 06/11/07 08:37 AM
After a semi-calm start, last week ended terribly for mortgage rate shoppers highlighted (lowlighted?) by Thursday's mortgage bond market crash.
The drubbing Thursday was the worst day for the bond market in three years and is one of the reasons why the conforming and jumbo 30-year fixed mortgage is up 0.625% … (3 comments)
|
mortgage: When Mortgage Rates Snowball Higher And It Becomes An Avalanche - 06/09/07 07:35 AM
Thursday was the single worst day for mortgage rates in more than four years.
Because so few homeowners understand how mortgage rates are determined, a day like Thursday may have little context.
So, let's try to put it in perspective.
If somebody told you that the stock market crashed, you'd understand. A … (1 comments)
|
mortgage: Planning Your Mortgage and Seeking Pre−Approval - 06/05/07 06:33 AM
Choosing the right lender is a key element to managing your mortgage. As a mortgage planner, my goal is not just to provide you with a loan, but also to help select the one most beneficial to you and your long-term goals, and then, help you manage that debt over time. … (0 comments)
|
mortgage: Why "Prime Rate" Is A Name And Not A Number - 06/04/07 05:44 AM
Pop Quiz: Which interest rate is lower? 8.25% or Prime Rate?
If you answered anything other than "they are the same", then you can understand first-hand why banks refer to Prime Rate by name instead of by number.
It's a neat little piece of sales psychology that keeps people from recognizing … (4 comments)
|
mortgage: Alert! Your Name is Being Sold - Take Action Now! - 06/03/07 08:50 AM
Your name is worth everything to you...it's your identity, it's YOU. Here's breaking news you need to know...and you need to let all your family and friends know right away as well.
Few people realize that each time their credit is checked, the information provided to the credit bureaus (Equifax, TransUnion, … (0 comments)
|
mortgage: One Method To Reduce The Amount Of Sub-Prime ARM Foreclosures - 06/02/07 01:59 PM
The above graph comes from The Wall Street Journal and it illustrates something that we all intrinsically know: Sub-Prime ARMs foreclose at a faster pace than all other home loan types.
When adjustable rate mortgages reach the end of their "fixed rate" period, some homeowners are unprepared for the upward-adjusting mortgage payments and … (3 comments)
|
mortgage: Dealing with Credit Challenges - 06/02/07 06:00 AM
Typically, a person with a bad credit score is in this position because they lack structure in their life. There are, of course, cases where unplanned health or employment complications are to blame, but for the most part, these are individuals who lack the discipline to pay their bills on time … (1 comments)
|
mortgage: S.M.A.R.T. Approach to Achieving Your Goals - 06/01/07 07:43 AM
Specific Define your eventual success. Create vivid, detailed, clear written descriptions, so you know exactly where you are headed. Do you want to own waterfront property or acreage in a location of your choice? Do you want your real estate to generate income? If so, how much? Continually, keep your goals … (3 comments)
|
mortgage: Ten Questions You Must Ask Any Realtor Before You List - 05/31/07 06:26 AM
Most of us sell only a few homes in our lifetime. With such limited experience in real estate, how do you maximize the profits from your home sale? Many home sellers make the critical mistake of thinking all Realtorsâ are the same. They list with the first agent who comes along. Does … (1 comments)
|
mortgage: Training and Managing a Team - 05/31/07 06:12 AM
When it comes to training and managing a team, you must start out with a clear vision in directing your team to a common goal through job description and training. Creating a job description and training the individual you hire is very important to the end result. You must think through … (1 comments)
|
mortgage: Business Owner or Self−Employed? - 05/30/07 06:55 AM
Two fantastic sources for entrepreneurs are The E-Myth Revisited by Michael Gerber and Rich Dad's Cashflow Quadrant by Robert Kiyosaki. Gerber's book is accurately sub-titled: Why Most Small Businesses Don't Work and What to Do About It. He examines the small business and the entrepreneur, and his results are intuitive but … (1 comments)
|
mortgage: “WARNING! Don’t Put Your Home on the Market Until You’ve Read This Post... Avoid 11 Mistakes That Could Cost You Hundreds... Even Thousands of Dollars!” - 05/30/07 06:39 AM
Selling your home can be an exhausting experience. Last minute walk-throughs, inconvenient calls, price adjustments and the possibility of being stuck with two mortgages are real concerns. If you are not completely prepared, you could end up losing hundreds even thousands of dollars in profit.
The difference between a profitable smooth transaction … (0 comments)
|
;)
Links;)
Archives
