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california mortgage: Have a problem with the appraisal? Don't blame your mortgage pro, blame Washington. - 08/24/09 11:21 PM
It's been over 100 days since the HVCC law came into effect, and I'm throwing in the towel on this one. What a disaster. The HVCC law "protects" borrowers and lenders by preventing mortgage pros from speaking directly with appraisers, and thus not allowing them to "influence" the values. The practical consequences of this law has caused lenders to feel less confident in the appraisal, than ever before.
In practice, this HVCC law has helped create a third party appraisal referral industry. This industry is collecting as much as 40% of the appraisal fee. Because so little remains for the appraiser, … (4 comments)
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california mortgage: Confidence in your team leads to Success - 11/06/08 03:41 PM
A loan processor friend of mine, I'll call her Lisa, shared a story with me yesterday, about a mortgage broker that had a meltdown. I thought the lesson learned applies to everyone in the real estate and mortgage industry, so I will share it. Up through 2008, this mortgage broker, I'll call him Sam, had a thriving business. He employed 30 solid producing loan officers, and enjoyed having a fruitful business. As the market changed in 2007, Sam began to lose loan officers, and is currently down to 4 or 5. He hired Lisa, about 6 months ago, to be his … (2 comments)
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california mortgage: Social Bookmarking and Internet Marketing question - 10/29/08 02:53 PM
I am new to blogging and social networking. My question is to all of you that are much more familiar with this technology than myself. I am starting to see that for the mortgage and real estate industry, taking advantage of the social networking websites can be very advantageous. I was thinking of setting up profiles on the major social networks, ie.,( facebook, myspace, trulia, zillow, mortgagefit, activerain, localism, etc...) Then incorporating some sort of tool, where I can distribute my blog posts to all of my profiles on all of my social network pages, once I post it. My questions … (9 comments)
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california mortgage: California Real Estate - The 7 things you must know before you buy - 09/18/08 09:46 PM
This is a helpful list of things to consider. Before putting all your money into mortgage payments, pleaseconsider the following 7 important issues. By considering these important financial issues, you will be able to make your payments work much harder for you.1. Get pre-approved BEFORE you look for your new home.Of all the steps to do before you buy a home, the pre-approval part is the easiest. One of it's benefits: It will give you complete peace-of-mind while you are looking for a home. The best part, it's usually free. Your California mortgage lender can give you a written pre-approval with … (3 comments)
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california mortgage: California Refinance Mistakes to Avoid! - 09/16/08 08:55 PM
1. The new interest rate does not justify the refinancingBefore you go ahead and refinance your California mortgage, you have to make sure that the change will save enough to justify the whole process of refinancing. As a rule, if the interest rate does not decrease by at least .0075 (.75 %) to .01 (1%) the refinancing is probably not a good move.2. Not knowing your real closing costsClosing your California mortgage is usually a charged service. By law (in the United States), closing costs must be disclosed within 3 working days of the loan application. Each lender has its own … (0 comments)
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california mortgage: Don't Believe Every California Mortgage Interest Rate You See - 09/16/08 08:19 PM
Don't Believe Every Rate You See!
If you're a savvy consumer, I'm sure you've seen many nationally-branded companies advertising ridiculously low rates. Despite the fact that rates have hovered near extraordinary lows for an extended period of time, many of the largest national lenders routinely tout rates that simply seem "too good to be true."
In fact, they are exactly that, at least for the overwhelming majority of borrowers. Certain nationally advertised companies also promote incredibly low closing-cost fees. Don't get sucked in, though, and don't believe the hype... these advertisements are, in fact, not credible at all.
The average consumer … (0 comments)
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California Home Loans | Mortgages | Refinance | Joe Almirantearena
Fresno,
CA
More about me…
http://www.findmyloanonline.com
Address: http://www.findmyloanonline.com, CA
Office Phone: (800) 785-4952
Cell Phone: (800) 785-4952
Email Me
I have included helpful consumer information about California home loans I've collected, and tried to add interesting subjects that all of you are thinking about. Enjoy the topics. 
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