Real estate blog entries tagged with mortgage by Jeff Tompkins (Advisor Commercial Realty/FirsTier Bank Mortgage)

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mortgage: Another one bites the dust... - 02/15/07 03:50 PM

Lenders, particularly subprime ones, are closing up shop in droves these days. Here are a few:
E-loan announced it will close their sub prime wholesale division ResMAE listed for sale Wachovia Corp.'s consolidation of its wholesale operations will result in layoffs Fieldstone announced that it's closing 5 west coast branches including its … (5 comments)

mortgage: Home Equity Lines of Credit - The pros and cons - 01/19/07 11:19 AM

Home equity lines of credit, or Heloc's, have always been a popular way to access a home's equity and put that cash to use, whether to remodel and renovate the home, pay off other debts, or even put a child through college. But how do they work? A Heloc is basically … (3 comments)

mortgage: Interest only loans - The pros and cons - 01/19/07 11:16 AM

In the last few years, interest only loans have skyrocketed into popularity and borrowers are often confused at whether an interest only loan makes sense over the traditional principal and interest loan. Lets take a look at some of the features of an interest only loan, and weigh both their positives … (0 comments)

mortgage: Mortgage Fees - 01/11/07 09:30 AM

I have seen enough puzzled looks when taking a loan application to know this column is needed. Unless you are in the mortgage industry or obtain home financing on a regular basis, mortgage fees and terms can be confusing, and downright frustrating. Mortgage and financing terms are like another language, much … (6 comments)

mortgage: Mistakes that Mortgage Shoppers Make - 01/09/07 02:29 PM

A friend in another state asked me the other day, "I am about to shop for a home loan, could you give me some tips on mistakes I need to avoid?" Whether you are purchasing or refinancing a home, here are the tips I recommended to her, and to you all … (0 comments)

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