Licensed Mortgage Banker - Archives December, 2007

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Start Off 2008 With My Free Marketing System by: Hobbs/Herder. - 12/22/07 10:10 AM

I MARKET YOU AND IT COSTS YOU NOTHING!
R E C A M P is a program that helps grow you business and keeps your buyer's for life.Find out what some of the "Top Producers" already know about my free marketing program. Does your "in-house lender" offer RECAMP? If not, don't you think you … (4 comments)

FHA must be the answer in 2008. - 12/19/07 06:21 PM

The beginning of the week it was announced that the House & The Senate were trying to come up with a "Better FHA Loan" Some of you were concerned that this would be another "Sub-Prime" problem in the future. As a Mortgage Banker for over 35 years I must tell you … (9 comments)

THE NEW FHA? - 12/17/07 12:41 PM

It looks like the House and The Senate are trying to come up with a better FHA Loan. As Of December 12,2007 here is where we are:
DOWN PAYMENT:                         Senate$ 1.5 %              House 1.5 %
Max.Mortgage Amount:                Senate: $417,000.        House: $729,000.
Seller Assistance:                       Senate: 0                    House: 0
There is still talk about "Risk Based … (6 comments)

MAKE YOUR LISTINGS STAND OUT! - 12/13/07 12:24 PM

WHEN WAS THE LAST TIME YOU CALLED YOUR SELLER TO LOWER THE RATE?
Yes, lower the rate. With all the inventory out there, you as the Realtor must make your listing stand out. Many times you tell the seller, that the only way to get more showings is to lower the sale … (4 comments)

WHAT THE FINANCIAL PLANNERS ARE THINKING.(Is there a change in the market) - 12/12/07 08:47 PM

Something very interesting happen to me this week. I had 3 deals from 3 different parts of the Northeast. Considering that deals have been slow in coming, this would have made for a fair week so far, but the real story is all 3 were from Financial Planners. All have been … (5 comments)

Fed Drops Rates ! - 12/11/07 02:48 PM

December 11, 2007
Today the Fed. cut rates again. This will bring the Prime rate to 7.25 % and the Fed. Funds to 4.25%. The chart above shows you how mortgage rates will be affected. As you can see, when rates were in the 5.75 % range, the Fed Funds were around … (2 comments)

What Do You Think? - 12/11/07 09:10 AM

It looks like Senator Dodd is finally going to do something about the mortgage problem. He wants to introduce a bill that would require mortgage lenders to make loans only that are beneficial to borrowers and that they are able to repay. Failure to do that could result in lawsuits against Wall Street … (2 comments)

HOME QUICK MORTGAGE STILL GOING STRONG ! - 12/07/07 10:08 PM

A NATION-WIDE LENDER !
THIS HAS TO BE THE BEST LOAN I HAVE SEEN IN MY 35 YEARS AS A
LICENSED MORTGAGE BANKER!
THE HOME QUICK LOAN
MAX. LOAN AMOUNT $417,000.NO INCOME CHECKNO ASSET CHECK5 % DOWN (PRIMARY PURCHASE)10 % DOWN (VACATION / SECOND HOME )SELF-EMPLOYEDW-2 APPLICANTSAME LINE OF WORK FOR PAST 2 … (0 comments)

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