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va: FHA - Conventional - APR vs Rate -- Understanding the difference....... - 10/06/07 12:04 AM
Aren't mortgages confusing enough? It doesn't matter if it's a FHA, conventional, VA, or subprime mortgage. Let's add some more confusion. Most of us know what the rate is in regards to mortgages. Rate : A charge or payment calculated in relation to a particular sum or quantity: interest rates. (from answer.com) APR (Annual Percentage Rate) : Is the cost of your credit expressed as an annual rate. This is a federally required formula, designed to help the borrower compare the cost of credit. The APR rate is different from the note rate of your mortgage and is usually higher than … (28 comments)
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va: FHA mortgages vs Subprime -- Setting the record straight....... - 09/03/07 09:21 AM
Who makes up these rumors? Subprime borrowers were taken to the bank because you can make more money on them and because it's easier. Folks, the same amount of money can be made on a FHA borrower or a conventional borrower, just as a subprime borrower. FHA loans just sometimes take more elbow grease and knowledge to help the borrower out. Many lenders were either lazy or weren't FHA approved. And now to say that FHA is back, when it never left, is ridiculous.
As the subprime meltdown started making headlines, we saw a lot of finger pointing. Ron Withers mentions … (16 comments)
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va: 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 one who is knowledgeable and can show you the many differences in loan programs.
As stated, mortgages can be confusing at times. 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, … (37 comments)
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va: 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 Kraft, and other females could possibly relate to this. Should I include Mike Mueller because he wrote a post, Choose Your Mortgage As You Would Your Shoes, which was a good post.
So, what does shoes have to do with shopping for mortgages? It's quite simple. Each shoe has a different fit, … (10 comments)
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va: FHA/HUD educational summary to help purchasing or refinancing...... - 08/16/07 09:24 AM
FHA has so many programs for those that are looking to purchase a new home and or refinance their existing home. And just for the record, FHA is not the end to all problems. There are 100's of programs out there other than FHA. But what you need is a loan officer that not only has these other programs, but a lender that has FHA as well. Why? So you have all your options just in case. I have seen way too many consumers get placed in a loan other than FHA because that particular lender isn't FHA approved. It's not … (9 comments)
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va: 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 if it takes a full day to get a good faith estimate from a lender, this is usually a red flag. Unless they tell you that they are just busy. And by sharing some of these well written blogs, it might give you some good insight to as what to look … (13 comments)
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va: Mortgage Gems -- Blogs to better understand mortgages - 08/01/07 10:36 AM
And who said you can't put the fun back into mortgages. Hit the fun button to the right and you might find out. ...... okay, so the button doesn't work. But isn't something that is confusing at first, can be fun, once you understand most of it? Well, that's what I would like to help you with by sharing some of these blogs.
If you are shopping for a mortgage, what do you look for online? If you come across an article or a blog on a certain topic, do you read the whole thing? After half way down, do you go … (16 comments)
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va: Mortgage related topics -- How to have fun with mortgages...... - 07/18/07 06:05 PM
Some of us have our own ideas of fun. For some, a roller coaster could be lots of fun. For others, it could have been a scary experience or possibly one that we never tried. Why not? Afraid? Not a risk taker?
Mortgages.... it already sounds boring, doesn't it. So many topics written about mortgages; what a mortgage is, how to obtain a mortgage, and what kind of mortgage programs are there, can be found all over the internet.
If you are shopping for a mortgage, what do you look for online? If you come across an article or a blog … (16 comments)
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va: 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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Jeff Belonger-The FHA Expert - FHA Loans - FHA mortgages - USDA loans - VA Loans
Cherry Hill,
NJ
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Address: Cherry Hill New Jersey 08034 08002 08003, Haddon Heights New Jersey 08035, Haddonfield, NJ, 08033
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