Mortgage Knowledge at its BEST!!!! (Jeff Belonger)

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Another Super 8 MEME by Jeff Belonger..... - 05/31/08 02:41 AM

I was first tagged by Jeff Dowler over here, realtown.com/my-personal-experience/super-8-meme. This was all started because of Mary McKnight. I think these are fun. For many of you that don't know what a MEME is, it's something that was started on the internet a few years ago. Wikipedia defines Internet … (17 comments)

The Memorial Day 2008 Super Meme by Jeff Belonger - 05/27/08 07:37 PM

Oh boy, someone went and did it again. Mary McKnight over the weekend, decided to post a new style of meme, if some of you remember these from a few years ago. You can read Mary's new meme here : rsspieces the-memorial-day-2008-super-meme

So I was tagged by Jeff … (6 comments)

Mortgage PRO Week in Review -- 05/19/08 through 05/25/08 -- Memorial Day Style - 05/26/08 10:32 PM

I am not sure what it's like in your part of the country, but what a gorgeous day. And especially

for Memorial Day. Thanking all the men and woman that served our country and for those men and women who are currently serving our country.
Also, for those of … (16 comments)

Are 'interest only' loans just like renting??? - 05/25/08 01:57 AM

Renting your home with an interest only loan. Doesn't sound as enticing, does it. Are 'interest only' loans just like renting your apartment?
An interest only loan is a type of mortgage program that allows your to pay a lower mortgage payment to where the interest is paid up front … (59 comments)

The Myths behind ZERO point mortgages instead of paying points upfront…… - 05/22/08 01:10 AM

Mortgages and points, sounds like evil words, right?. It could save you thousands.
I have been doing this for almost 16 years now. When I first got into this industry, I heard client's lawyers and accountants tell their clients not to do mortgages with points associated to them. Or it … (31 comments)

A letter to your loan officer from you, the consumer...... - 05/20/08 11:59 AM

Dear Loan Officer,
I want to thank you for contacting me on the purchase of our new home. We are just so excited... our emotions are running wild and just can't believe that this dream will come true. Because of these emotions, we can't think straight. So we really are … (33 comments)

What the heck is going on with misleading information????? - 05/17/08 10:44 PM

I know that we are in a society that has information buzzing around like bees around honey. But I would have thought that there would be less people in the mortgage business or in real estate giving out false information or misleading information. I thought because of the lack … (30 comments)

Mortgages & Real Estate -- Red Flags that consumers need to be aware of - revisted - 05/17/08 03:34 PM

How many of you at one time or another bought a house or refinanced your mortgage and ran into one problem or another. May it have been the realtor who was not able to give you the correct answer or the loan officer who strung you along and then changed … (3 comments)

Good Faith Estimates - FHA loans or Conventional loans - Why is it so difficult??? - 05/14/08 10:16 PM

Earth shatering news here..... when you are shopping for a mortgage, may it be a FHA loan, a conventional loan, or a VA loan... please ask for a good faith estimate. Not every loan officer will volunteer one to you.
I can't tell you how many consumers that I have … (18 comments)

FHA Loans or Conventional Loans — APR vs Mortgage Rate — Knowing the differences…. - 05/13/08 10:15 PM

Shop mortgage rates… Shop APR (Annual Percentage Rate)….. Shop mortgage fees….. So which is it? Shopping for a mortgage can be very confusing to say the least. I hear so many called experts tell the average consumer to shop APR. This is not the wisest of decisions and can be argued by … (10 comments)

An Open Letter to the Consumer - Show me a little respect - 05/12/08 11:09 AM

Dear Consumer,
I applaud you for doing your homework when shopping for a mortgage. Sometimes the research that you do online, making sure that you are getting a good deal, is a good thing.
My question to you though, do you over do it? Do you shop to many times, … (47 comments)

Listing Agents, don't hurt your sellers ability to sell !!!! - 05/10/08 09:42 PM

Realtors, do you not only hurt your seller from selling their home, but possibly hurt the buyer from buying their dream home? Why do you have anything against a FHA loan?
Do you over think? Do you just go off of what others say in the real estate industry? … (25 comments)

FHA loans & FHA rates - Why so different from conventional loans? - 05/09/08 01:06 AM

FHA loans in many cases are much better than conventional loans. I have made this statement several times recently because I am tired of listening to loan officers, realtors, and the average consumer get all excited because FHA mortgages are back. People, they never left. FHA loans are not … (8 comments)

Creative FHA loans — No Money out of pocket - 05/04/08 08:59 AM

FHA loans are becoming a vital part of todays financing when it comes to buying a new home or refinancing. You will still hear from some lenders or realtors that FHA financing is not the way to go. Here are some reasons why and the rumors mentioned :
They are old … (9 comments)

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