mortgage: Market Report Update - Feds cut RATES !!!!! Do you know which rates though? - 10/08/08 12:59 PM
WARNING.... WARNING...... WARNING.....
This is not to say that mortgage interest rates have dropped today. Sometimes in the past, mortgage interest rates did become lower in weeks after the Fed dropped the fed rate. There have been times when rates went up. There are many variables for these two factors to take … (12 comments)
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mortgage: FHA mortgages - Understanding credit that works -- Part 2 of 2 - 04/22/08 08:01 PM
FHA credit revised........Piecing together your credit can sometimes be confusing. That's why you should always seek a qualified loan officer that is a FHA Expert.
In all honesty, credit is not as difficult as it may seem and FHA has made it easier for you to qualify for your … (13 comments)
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mortgage: Mortgage 101 - FHA and Conventional Mortgages - The Basics - 03/10/08 09:28 PM
Welcome class..... After reading many blogs and advertising on the internet that talk about "best rates", "no closing costs", "little closing costs", "7 day closings", "hard to close loans", etc, etc..., I decided to give a brief and basic list of what you should be asking. These are also … (7 comments)
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mortgage: The credit crisis aka the Wheel of MisFortune - 03/09/08 12:54 PM
Has the real estate market been your wheel of misfortune? Have you been made promises after promises? Have you bought into the hype of what one company or person might promise you, but at the very end, it's not even close to what they promised?
Does a realtor promise … (11 comments)
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mortgage: Buying a home FHA or Conventionally, it should all be fun...... - 03/05/08 10:01 PM
MAKING MORTGAGES FUN AGAIN
Shouldn't buying a home be fun, not as stressful as some make it out to be. And I am not here to point the finger, but the major of complaints have come against the loan officer or lenders. As business has slowed down, I … (9 comments)
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mortgage: Good Faith Estimate - Pre-Approved or Pre-Qualified -- The Mortgage Process - Part 2 of 3 - 02/20/08 12:03 PM
The good old Good Faith Estimate.... it could sometimes be your worst enemy, depending on the loan officer and how they actually fill it out.
It doesn't matter if you are applying for a FHA mortgage or a conventional mortgage, all good faith estimates should be accurate. I have … (13 comments)
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mortgage: FHA, Conventional, & other related mortgage blogs -- The Best of the Best - Part 2 - 11/15/07 11:51 AM
Has your dream of buying your new home or refinancing your current mortgage been stolen from you because of broken promises? Mortgages can sometimes be a complex issue and if you aren't speaking to a mortgage professional that will be upfront with you from the start, then you might know what … (15 comments)
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mortgage: FHA, Conventional, & other related mortgage blogs -- The Best of the Best - Part 1 - 11/04/07 02:26 PM
Did history classes bore you to death when growing up? Do you feel like this when reading a mortgage related topic? Gee, it can be tiresome talking about them sometimes. But because I have so much passion in what I do when it comes to helping people with their financing needs … (9 comments)
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mortgage: Is a FHA Loan Officer like a Doctor? - 10/12/07 02:47 PM
How does a loan officer compare to the life of a doctor that performs surgery? One thing for sure is that there is no comparison when it comes to the years of schooling that one has to go through to become a doctor. Matter of fact, you don't even need to … (19 comments)
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mortgage: Mortgage Blogs -- FHA, Conventional, VA, or Subprime -- Knowledge can be powerful..... - 09/02/07 06:24 AM
Albert Einstein was a smart cookie who was ahead of his time. In popular culture the name "Einstein" has become synonymous with genius. Mortgages aren't physics, but it can certainly seem like it if you don't have a loan officer that is not only good at explaining things to you, but … (37 comments)
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mortgage: FHA Shopping, rate shopping, fee shopping.... call it what you want, just be careful!!! - 09/01/07 09:36 PM
There are a few analogies that we all could use when comparing shopping for a mortgage, shopping for rates, and mortgage fees. We could use shopping for shoes, shopping for cars, or even shopping for Christmas trees. I thought I would use shoes as an analogy so Ines Hegedus-Garcia, Kristal … (10 comments)
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mortgage: Good Faith Estimate -- What to look for when shopping...... - 08/31/07 11:42 PM
When shopping for a mortgage, the general consumer can get very confused at times. Even if you have bought or refinanced several times in the past, it can still be confusing.
It doesn't matter if you are applying for a FHA, conventional, VA, or subprime mortgage. The Good Faith Estimate (GFE) is … (26 comments)
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mortgage: Mortgage Rates -- Locking or Floating -- Part 2 of 2 - 08/24/07 09:26 PM
I had told a short story in regards to a first time homebuyer being very confused over the mortgage process, even though I explained it well to them. Why did this happen? Because they started to talk to family members who got them to shop around and a realtor that told … (10 comments)
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mortgage: Realtors, do you do this? Consumers, just be careful sometimes..... Locking in mortgage rates -- Part 1 of 2 - 08/23/07 11:00 PM
Client's shopping for a mortgage who get to the loan officer first. They feel really comfortable with this particular loan officer and actually tell this loan officer that they trust them. Mr. Loan officer, thanks for educating us, says the client.
It's been a few days now and the loan officer has … (36 comments)
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mortgage: Mortgage Shopping -- The Educated or Uneducated Borrower -- Part 2 of 2 - 08/22/07 11:55 PM
Mortgages --- May it be a FHA, conventional, VA, or a subprime loan, you don't have to have a college education in mortgages or real estate. Yes, it can be confusing at times, especially for first time homebuyers. And what can even make it more confusing is if you are … (20 comments)
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mortgage: Mortgage Loans & Topics -- Knowing what is out there - 08/15/07 09:35 AM
Mortgages can be confusing at times. Sometimes making feel like you are jumping out of a plane without a chute. It doesn't help when some loan officers don't take the time to walk you through the process. One piece of advice, no matter if you are purchasing or refinancing, but … (13 comments)
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mortgage: Real Estate and Mortgages can sometimes be like baseball...... - 08/12/07 09:32 AM
They say baseball is America's pastime. They also say buying a home is an American dream. What do they both have in common? In regards to stats and figures, these can both be tarnished and blurred in both baseball, real estate, and mortgages.
I am a die hard Philadelphia … (12 comments)
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mortgage: The Explanation of Mortgages : From the beginning of time...... - 08/07/07 09:08 AM
I want to share with you on how mortgages work, how they are sold on the secondary market, and the reason why some of these companies are closing their doors.
We have seen some major changes in the lending industry, more so than ever before. What we need to do is … (121 comments)
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mortgage: I want you... I want your business..... Pretty please, I am good, trust me...... - 08/05/07 08:20 AM
"I want your business! Why won't you give me a try? I promise to do a good job. We should give each other a chance to work with each other because we are both on Active Rain."
This seems to be the theme as of lately, 'asking for business'. I … (42 comments)
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mortgage: 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 … (14 comments)
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