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They like us! - 09/05/08 12:56 PM
A local toy company is recruiting from the mortgage industry to increase its sales department. I received one of these recruiting calls. I sort of giggled to myself..."this is a change in attitude - an industry wants one or several of US". Presently, mortgage brokers are not that highly regarded. It seems that this particular toy maufacturer thinks that mortgage brokers fit the bill nicely. The recruiter said, "Loan Originators are used to a quick response, great follow-up and they tend to communicate well." WOW, I was blown away...a positive comment about an industry that has been under fire. There are … (3 comments)
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Now more than ever... - 09/04/08 11:37 AM
Appraisers must know their stuff!
This Ridgefield, CT mortgage broker had an interesting discussion with a local appraiser. As we all know, banks are ripping apart appraisals like never before...I believe we all know why, but allow me to reiterate...
Appraisers have fewer comparable sales to draw upon. Big discounts from listing prices. More sellers are offering incentives to market their properties such as paying closing costs.* Greater concern about property conditions. Lenders are more cautious. *The incentive inclusion, like sales incentives, is skewing market prices - appraisers must really dig deep to determine true sales prices.
Good appraisers know … (0 comments)
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mortgage payments+property taxes=rent? = time to buy! - 09/02/08 02:19 PM
I just read an interesting rule of thumb - just like many, it is afterall, COMMON SENSE! When mortgage payments and property tax equal one's rent, it is time to buy! Of course...such easy logic. I have mentioned this to several realtor and they have said, "oh yeah......" I'll pass this along. Not only is it the logical time to buy because properties have been reduced but some renters are reporting that they are being taken advantage of by building owners who are gouging them with rent increases. So everyone out there...calll your favorite active rain realtor and mortgage broker in your … (1 comments)
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Joan Wexelbaum
Ridgefield,
CT
More about me…
Luxury Mortgage
Address: One Landmark Square, Stamford, CT, 06890
Office Phone: (203) 569-4286
Cell Phone: (203) 470-7333
Email Me
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