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buyers: Buyers..... get ahead of the buying game of your new home!!!!! - 08/01/07 11:51 PM
Are you seriously shopping for a house? It doesn't matter if you have done this before or even if you are a first time homebuyer.
If you have bought before, don't think it's the same way as once before. The market changes every day. Mortgage programs can change at the blink of an eye. First time home buyers, just because your friend or family member had an easy time when they bought their house doesn't mean that it could be as easy and or simple as their purchase.
The number one rule of advice, try and get a referral of a … (14 comments)
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buyers: Is your client being taken for a ride? - 05/31/07 12:04 PM
Are you the type of consumer that believes what ever someone tells you? That the loan officer uses the word promise? Even if they put it in writing, that this should be the truth and nothing but the truth? Sorry for the fantasy world that so many of us live in, but this is not always reality.
So, which ride did you get taken for? Where you promised the car with upgrades? Or the car without an engine?
Find out what almost happened to this client and read Mortgage Financing.... it could be a ride you wished that you never took!!!
… (14 comments)
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buyers: Who is to blame, the listing agent or the seller? - 02/22/07 10:29 AM
How do we see ourselves as realtors, loan officers, staggers, real estate attorneys, appraisers, and just as individuals in general. Sure, the picture to my right might be a little obscured in what I am about to talk about, but there is a meaning behind this.
I received a new lead from Ravi Shah here on Active Rain. I haven't met Ravi yet, but we have talked many times on the phone and through e-mails. I first met Ravi on ActiveRain in December of 2006 and we have gotten to know each other recently, hoping to meet in person soon, hence why … (15 comments)
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buyers: Does your client's loyalty cost them money? - 01/30/07 09:11 AM
After being in the mortgage business for over 14 years, this is one question that bothers me the most. Sure, consumers look at us as being professionals and expect us to be upfront and honest. Have you seen people get taken advantage of from a realtor's or loan offier's point of view just because your competitor uses the words, "I promise" and or "don't worry"??? Do more 1st time homebuyer's get taken advantage of because they are new at this?
I remember one particular client from 5 years ago that stayed with a lender because she felt like they did a lot … (8 comments)
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buyers: Thinking outside that box…. What to do with the sellers concessions & where to apply the money. Buying down the rate vs the buydown…..Part 2 - 11/29/06 08:43 PM
Okay, I am back again to finish up 'thinking outside the box'.
Summary of the first section: I talked about the difference between buying down an interest rate vs a buydown. The conclusion was that a buydown would be your best bet. But I also talked about goals and what this would mean to the whole equation. Again, we do know that you can't predict the future, but we certainly can have a good idea depending where we are in our lives. So that being said, the buydown would work for anyone even if they were to move in 4 years … (34 comments)
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buyers: The Myths about ZERO point mortgages instead of paying points upfront…… - 11/06/06 11:21 PM
I have been doing this for a little over 14 years now. When I first got into this industry, sure, I was green….brand new. Sure, I had classes in High School and College in regards to financing, economics, managing your money, your typical math classes, and even some accounting classes. But what got me were the lawyers and the accountants that told their clients not to do mortgages with points associated to them. Or the typical family member and your next-door neighbor that got this great deal with zero points and that this was the way to go. Even the talk … (45 comments)
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buyers: PMI (Private Mortgage Insurance); why you need it and the different types of PMI…… - 11/05/06 01:52 PM
I was reading through some blogs over the weekend and Mark Flanders Silverdale did a blog that gave definitions of PMI. What is PMI and can it be avoided. This can be such a confusing and sometimes misleading concept of why you must have mortgage insurance.
As Mark Flanders discussed, private mortgage insurance is not there to protect you, but to protect the lender in case of default. And the old rule is that you must have 20% or more down on the property to avoid this specific cost. I am only going to discuss the different types of mortgage … (31 comments)
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buyers: Shoppers that shop themselves right out of the market…… - 10/25/06 10:30 PM
People that over shop, looking for the best deal; can certainly even bring down the best of a sales person’s moral. This can be tiresome for the good realtor or loan officer that has to deal with these types of clients on a weekly basis. Most of us are here to help in one way or another. Sure, we all need to get paid for what we do. And some of us have our own ways of doing things. But when it comes down to deceiving the general public to make a quick buck, this is where it … (25 comments)
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buyers: Infomercials...... How many of you watch them? Are they real? - 10/10/06 08:13 AM
INFOMERCIALS….. what can I say? It’s sometimes like watching a comedy show. How many of you get suckered into this? Hey, I admit, I sometimes think I should call. Ever see the new lipo-pill? It reduces your fact from within, never needing lipo-suction. LOL I was like, gee, that would be great. Then I said, “wake up Jeff. Get real.”
Infomericals arose because of the deregulation during the 80s involving television. But these originated on the radio at first. There are just countless infomercials on TV. 100's of 1,000's are made a year. But have you noticed that 99% of them are … (13 comments)
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buyers: Will a Realtor do business / refer business to a lender or loan officer out of state? - 10/09/06 10:46 PM
I just wanted to throw this question out there. Again, I have been in the mortgage industry for over 14 years. I have been with large lenders, a few mid sized lenders, and some smaller brokers. Even though I am based in Cherry Hill, NJ; I can do loans in any state with my current company. Ever hear of Cendent Mortgage (PHH/USA Mtg)? They are one of the top 10 lenders nationally and located in NJ. They do business in every state and very successful. But it helps when you are buying business also. LOL (long story)
I get my business from … (32 comments)
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buyers: First Time Homebuyers & what to look for in a Mortgage Lender before you apply or make application; may it be buying, or refinancing. (Also, info for people refinancing or that aren’t first time homebuyers.) shorter version PART 1 - 10/07/06 11:24 AM
Trying to find the right home loan can be difficult. Finding the right company to help you get your loan can be even more confusing. With literally thousands of lenders to choose from, borrowers can easily become overwhelmed. The problem in today’s industry is the fact that many lenders want to get you into the door and will sometimes do anything to make this happen. They will make promises that they sometimes can’t keep or give you a lower rate than what’s on the market. Is this right? Ethical? Not at all.
The reasons why shopping might seem easy is because … (10 comments)
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buyers: What's the difference between a mortgage banker and a mortgage broker. - 10/06/06 10:58 PM
My name is Jeff Belonger and I am with Infinity Home Mortgage Company. I am a Branch Manager and a loan officer. I have been in the mortgage industry for over 14 years. I have been with some large lenders, some small ones, and a few in the middle. The largest company that I was with was Norwest Mortgage, who merged with Wells Fargo. But before that merger, we were the number one lender nationally at that time.
There has always been this argument that you shouldn’t go with a broker because they are a middleman. They charge higher rates and higher fees. Then … (19 comments)
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Jeff Belonger-The FHA Expert - FHA Loans - FHA mortgages - USDA loans - VA Loans
Cherry Hill,
NJ
More about me…
Social Media - Infinity Home Mortgage Company, Inc
Address: Cherry Hill New Jersey 08034 08002 08003, Haddon Heights New Jersey 08035, Haddonfield, NJ, 08033
Cell Phone: (609) 440-5133
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