preapproval: Suitability, something that mortgage and real estate agents better worry about! - 12/21/07 07:50 AM
What does suitability mean?  If your a financial planner and you've passed your series 6 or 8 license requirements, you know that suitability can apply on many levels with each client.  I was speaking to one of my neighbors who happens to be vice president of one of the largest insurance groups in my state.  He told me that he fully expected mortgage brokers to eventually receive the same scrutiny that most of his colleagues faced in the securities industry.  He told me that many of the products were now merging into each others markets, and little did he know about … (0 comments)

preapproval: Can I still get a mortgage loan?? - 08/20/07 04:39 AM
My in-laws were visiting last night, and the subject of our recent meltdown in the mortgage industry was brought up by my father-in-law.  He's currently building a speculative home and wondered if he would be able to ever sell it.  He had a number of questions about the market, and one specific question, "Can buyers get loans still?"
Thats a great question, but one that I can emphatically answer with a "YES you can!"
I'll be honest, last week was a tough week for most mortgage loan officers.  The trickle down effect of last week is already affecting the real estate market, but … (1 comments)