lender: Being Consistent - 07/23/08 08:17 PM
Consistency and practicing your core fundamentals is a strong trait to have.
Many times especially in this business professionals tend to become cumbersome in following through a complete transaction process and tend to find shortcuts or alternatives in doing their job.
I have had recently came across golden opportunities … (6 comments)
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lender: "Help Me, Help you!" get your loan approved! - 04/28/08 10:15 PM
The Beautiful Thing about FHA loans
FHA loans are truly unique because every Loan is different There are guidelines that we follow in submitting the loans but the bottom line is that every loan submitted gets a chance to be looked at by the overall big picture.
The Big Picture
Myths are out there … (7 comments)
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lender: Generation Next won't be spoiled like Generation Now - 04/27/08 09:24 PM
Back when times were normal
Rewind about two decades ago and we were accustomed to double digit interest rates on mortgages. Now a days people will cry FOUL if they were ever quoted a double digit rate on a mortgage. Back then though it was completely normal.
There was no such thing … (19 comments)
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lender: Support our Troops with a VA Mortgage. - 04/15/08 01:14 AM
Is there a strong military presence in your area?
I grew up as a Navy brat in Virginia. My father is a retired Command Master Chief in the Navy, the highest rank you can get being enlisted. So I respect the Military, The area I live in has a strong military … (14 comments)
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lender: Self Employed Program Still Alive and Kicking! - 04/02/08 09:53 PM
As many lenders out there are eliminating loan programs for the self-employed customers/derive their income from mostly from commissions, theres still hope.
I still feel like if you maintained good credit these borrowers should still have a chance to get a simple, fast, competitively-priced home financing done.
You’ve built a good … (8 comments)
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lender: FHA is still a Super Star! - 04/01/08 08:52 PM
Many lenders out there are tightening their grip on strict guidelines and restrictions, its hard to find the right "Niche" for borrowers nowadays.
As many have perceived with FHA as a strict loan and strict appraisal standards, FHA has made a lot of improvements over the last few years.
FHA is still going … (9 comments)
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lender: FHA Secure Loan Program Clarification - 03/28/08 12:43 PM
Many people are asking about this type of program since alot of lenders they talked to don't offer it or have no clue on the program.
What is the program?
The new FHA Secure loan program is a new refinance option that is being offered through the FHA to home owners that have … (11 comments)
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lender: Spend Less Time Playing Tour Guide - 03/24/08 09:25 PM
My office has been getting a lot of success from using our preferredprogram. Sellers, Buyers and Real Estate agents love it. We all seen seller concession limits and borrowers getting frustrated because of lack of down payment, this is why I love this program because this exceeds the normal … (8 comments)
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lender: Option One Mortgage Finally Bought Out - 03/17/08 11:09 PM
Quick 411 from mortgaenewsdaily.com
In other mortgage news, Option One Mortgage Corporation, a division of H&R Block, has been sold to Wilbur Ross for an estimated $1 billion.
Ross is known as a distressed asset investor who has, in recent months, agreed to acquire $42 billion in mortgage servicing rights from American … (1 comments)
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lender: My 2 cents on Bear Stearns Deal - 03/17/08 10:23 PM
Heres the Quick Wiki: http://en.wikipedia.org/wiki/Bear_Stearns
The Bear Stearns Companies, Inc. (NYSE: BSC) was the parent company of Bear, Stearns & Co. Inc., which was one of the largest global investment banks and securities trading and brokerage firms in the world. The firm's main businesses included capital markets (equities and fixed income), investment … (11 comments)
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lender: Loan Minimum too low for most lenders/brokers - 03/16/08 04:15 PM
I hear this story time and time again about borrowers being refused a loan because they are trying to finance a loan less than $50,000. There are 2 reasons why this happens
Lenders have guidelines where financing a loan must meet minimum loan requirement due to risk and cost.Mortgage Brokers work strictly … (7 comments)
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lender: HUD rolls out new RESPA reform proposal - Its Official! - 03/15/08 10:42 PM
Its official Hud rolled out the proposed revisions to Respa FINALLY -- MArch 14th 2008. To view the Federal Register you can see it here --------> Federal Register
What Hud Says
HUD says simplifying and standardizing the GFE would make it easier for home buyers to shop around by comparing the fees … (4 comments)
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lender: What is a Trigger list and how to stop it!!! - 03/09/08 05:48 PM
Ok So I am probably going to get a lot of flames for writing about this blog especially from the Mortgage Brokers and other Loan Officers who rely heavily on trigger lists :)
This is just awareness information for a lot of the consumers who were unaware that your personal and financial … (4 comments)
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lender: Conforming or Non-Conforming loans?? - 03/08/08 11:00 PM
The Myth:
So theres a myth going around that borrowers who qualify for prime loans only end up with subprime loans if lenders deceptively steer them into such loans.
The Truth:
Many borrowers who might qualify for prime loans knowingly select subprime loans for reasons that include:
A loan to put little or … (1 comments)
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