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subprime: Comedian speaks her piece... - 07/10/07 05:50 PM
I was trolling the recent news today on CNN Money and ran across a funny interview with Kathleen Madigan, a hilarious comedian with her comments on the "Subprime Market".
Click her name for the video
Kathleen Madigan
She discusses her getting involved in Real Estate and how she fell into the trap of getting over your head, and just taking the loan because they will give it to you!
For those of you who don't know Kathleen Madigan, she is a well known comedian who has been on TV shows like Last Comic Standing.  She is a funny funny lady, and it shows that even people … (7 comments)

subprime: Budgeting Made Easy! Part 2 - 06/07/07 04:44 PM
Having already written my post on Budgeting, at Budgeting Made Easy! Part 1, I rethought the title.  I realized that budgeting really isn't that easy.  But with property estimating and planning, it can be!  That is the purpose of this post.
So we have calculated our bottom line, or disposable income to determine what we can afford out of our mortgage.  The easiest way to visualize it is with numbers.  Let's say hypothetically your disposable income after all expenses (Step 5), and the number you have come up with is $2,000.
We need to determine what that number translates to for your mortgage.  … (0 comments)

subprime: Prime or not Prime, that is the big mortgage question. - 05/31/07 01:06 PM
I was doing my daily routine today, which usually starts off with a look at the morning market on Bloomberg, and then progresses to reading cnnmoney.com.  One of the first articles I saw was Wow, I could've had a prime mortgage.
It discusses the fact that 15-35% of all people in subprime loans were given to people that could have qualified for prime loans.  I knew this was an issue, but not to this extent.  Towards the end of 2006 and start of 2007, I had 4, yes 4, clients that I was refinancing, and all 4 of them were perfect … (2 comments)

 

Jonathan Vetter

San Francisco, CA

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Mercury Lending

Address: 444 De Haro Street #130, San Francisco, CA, 94107

Office Phone: (415) 371-8400 x 232

Cell Phone: (650) 465-5846

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These are some of my insights on the Bay Area Home Mortgage market, and California and Oregon in general. Please let me know if you are liking what I am writing!


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