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lenders: What Lenders Look for in Home Loan Applications - 01/06/10 02:24 PM
 
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lenders: Shopping For A Mortgage - The Inside Scoop On How To Do It Right (Part II) - 07/30/09 05:20 PM
Shopping For A Mortgage - The Inside Scoop On How To Do It Right (Part II)
Once you are satisfied that you are working with a top-quality professional mortgage advisor, here are the rules and secrets you must know to "shop" effectively for a mortgage.
 
First, IF IT SEEMS TOO GOOD TO BE TRUE, IT PROBABLY IS.  But you didn't really need us to tell you that, did you?  When shopping for a mortgage, keep in mind that mortgage money and interest rates all come from the same places, and if something sounds really unbelievable, better ask a few more … (4 comments)

lenders: Shopping For A Mortgage - The Inside Scoop On How To Do It Right (Part I) - 07/30/09 05:15 PM
Shopping For A Mortgage - Here's The Inside Scoop On How To Do It Right!
 
First:  make sure you are working with an experienced, professional loan officer.  The largest financial transaction of your life is far too important to place into the hands of someone who is not capable of advising you properly and troubleshooting the issues that may arise along the way.  But how can you tell? 
 
Here are FOUR SIMPLE QUESTIONS YOUR LENDER ABSOLUTELY MUST BE ABLE TO ANSWER CORRECTLY.  IF THEY DO NOT KNOW THE ANSWERS...RUN...DON'T WALK... RUN...TO A LENDER THAT DOES!
 
 
1) What … (2 comments)

lenders: Card Issuers Tighten The Screws - 04/07/09 03:07 PM
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lenders: The Rescue Plan - Why We Came To Need It - 10/02/08 02:27 PM
 
 
The Chinese have a proverb:  "May you live in interesting times."  And we are living through interesting times indeed. 
 
Whatever the political posturing regarding the current rescue plan, a plan needs to be passed. Credit markets are frozen and banks are going bust every day. This is not totally because of "toxic" mortgages. This has a lot to do with FASB 157, also known as "mark to market". Each day lenders must mark their assets to the marketplace. It's like you having to appraise your home everyday and if your neighbor was under duress because they got very … (2 comments)

 

Karl Peidl - Accredited Loan Consultant

Moorestown, NJ

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Address: 305 Harper Drive, Suite 3, Burlington County, New Jersey, Moorestown, NJ, 08057

Office Phone: (856) 252-1200 x 1224

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