Real estate blog entries tagged with home by Oak Valley Mortgage-California Home Loans and Refinancing

Home : Blogs : Scott Gormley : California Home Loans : Tag "home"

home: Where's the Benefit? - 02/13/07 11:10 AM

On December 15th of 2006, Bryant Tutus, wrote a blog on the Real Estate Network "Active Rain" labeled, "Your home is your castle, not an ATM machine!"
Broker Bryant brings up many good points within the article, explaining the cycle that many homeowners get caught up into when refinancing their homes. Many ads … (8 comments)

home: But They've Been Scrubbed! - 01/24/07 11:41 AM

I was wondering what my topic of the day would be for a blog, then I got a call and the perfect topic came up. A lead generation source called me up just a few minutes ago and was offering, yet again....to buy mortgage leads from "reputable sources."
This telemarketer had a slightly … (6 comments)

home: The Power of "Truth" and Seeking to Understand Your Clients! - 01/22/07 08:51 PM

I don't understand why many in my industry can't grab onto the "Power of Truth" and the need to understand a clients' needs! I have received several new calls this week from new and potential clients that are looking to refinance their homes from their once "all time low" payment to … (1 comments)

home: Demanding a Rate Over the Phone! - 01/18/07 11:25 AM

I received an interesting call yesterday, so I figured that I would share it for the world to see my response...Or atleast possible California clients and Associates :)
The potential client called me and started rambling about random things, I tried to keep some flow to the conversation. In the end, … (24 comments)

home: Now I need flood insurance!? - 01/16/07 01:09 PM

I had a client call me this weekend that just received some alarming news. Their mortgage recently got sold to a different lender. She had two different issues:
1.) Their mortgage had sold to another lender and now the new lender was requiring flood insurance on the home, which WAS NOT REQUIRED BEFORE! She was … (4 comments)

home: Home Loan Documentation Types - 01/16/07 11:56 AM

Are you wondering what types of documentation loans are available? Banks and investors have come up with a variety of loan types to help borrowers qualify easier into home loan and refinance products.
While some may be worried about being able to qualify for a home, you'll be amazed at the … (8 comments)

home: Taking it to the next level with a new client.. - 01/16/07 11:52 AM

I had a great sit-down today with a new client. She is a First Time Home Buyer that wanted to meet face to face with me...I love it! Back in the old days, transactions were only done in such ways. You could look a person in the eye, listen to their … (2 comments)

home: Lowballing agent commissions and higballing asking prices! - 01/08/07 04:56 PM

Many asked me this year if there is a way to lowball a real estate agents' commission. My answer is very simple, "You get what you pay for!" If you were in need of a doctor and you were about to go into surgery, would you lowball the doctor? If you were … (3 comments)

home: Chico,California Housing Market Report For January 2007 - 01/02/07 06:13 PM

Hey Everyone,
Virgil Cole is an awesome Real Estate Agent at Prudential Real Estate in Chico, California and he puts together a comprehensive market report of what has been taking place in the local Chico market over the past few months. He spends alot of time putting together the data and I'm sure … (4 comments)

home: Are You Feeling Lost With Your Current California Home Loan? - 12/26/06 11:56 AM

Are you feeling lost with your current California Home Loan? You don't know when your home loan is about to adjust...But, you know it's soon! You don't know when it is going to "flip to an adjustable rate." You don't know when the prepayment penalty is over from your previous refinance.
Don't … (0 comments)

home: California Real Estate and Young Couples - 12/24/06 11:42 AM

Last night, I got into a good discussion with some family and friends about how things have changed in Real Estate...Specifically...For Young Couples!
Over the past few years, there have been some MAJOR changes in the Real Estate Market!
Homes across the United States have doubled, tripled and even increased in some parts … (23 comments)

home: Helping Your Clients Relocate to California! - 12/20/06 01:25 PM

This blog is to everyone in the Active Rain community and professionals in states outside of California! If you have clients that are looking to relocate to California from your state and you don't have a resource for them...I would appreciate the opportunity to be it! I own Beach Town Mortgage in Southern … (4 comments)

home: Going to bat for clients! - 12/15/06 05:19 PM

Each and everytime we get a new client at Oak Valley Mortgage or Beach Town Mortgage, we go to bat for our clients! What does that mean? Here's a list of things that you can expect from us...
1.) We look out for YOUR BEST INTERESTS! I.E. What are your goals? What are you … (2 comments)

home: Going Beyond "The Rate..." - 12/14/06 11:56 AM

Everything in the mortgage industry is geared towards the rate. What are your rates? Who has the best rates? What are the rates doing?
I'm here to tell you that the mortgage industry goes far beyond what the rate is. The rate is just a number! Yes, a number the ultimately determines … (21 comments)

home: California Taxes and Insurance - 12/12/06 12:29 AM

The standard rule for estimating monthly property tax and hazard insurance paymentsfor a purchase transaction in the state of California are as follows:Taxes = Purchase price X .0125 / 12Hazard Insurance = Total Loan amount X .0035 / 12.Example 1 - Purchase price = $500,000. Loan amount = $400,000.Taxes = $500,000 X … (2 comments)

home: Equal Opportunity Lender - 12/02/06 12:30 AM

Understanding the importance of Equal Opportunity Lending is very important to us in the mortgage industry. It's symbol is much more than an image, which simply represents happy thoughts. Rather, it represents the commitment to not discriminate against our clients and/or potential clients based on race,sex,national origin and a multitude of areas … (2 comments)

home: 2007 Conforming Loan Limits-Important Update! - 11/28/06 10:30 AM

Hello Everyone,
I thought that Real Estate Agents,Lenders and consumers would like to know that the OFHEO (Office of Federal Housing Enterprise Oversight) had a News Release on November 28th 2006, which confirmed that the 2007 Conforming Loan Limit for one unit properties would remain at $417,000 for most of the United States. So, what does … (3 comments)

home: Protecting Your Clients Private Information! - 11/27/06 09:58 AM

Working in the lending business, there is a major topic that must be talked about. What is it? Your client's privacy. I had a client say to me the other day, "wow, you know more private information about me than my partner now!" To which I replied, "and you can feel … (5 comments)

home: Real Property versus Personal Property~Mobiles and Finance - 11/26/06 02:32 AM

There have been a few times this year that I've come across issues with agents and clients over the distinction between Real Property and Personal Property when it comes to mobile homes. In the eyes of many, mobile homes are just that...homes!
But, there is a clear distinction between a mobile home … (14 comments)

home: Giving Clients a Shot of Reality! - 11/13/06 12:22 PM

From time to time, I feel like I need to give clients a "shot of reality!" Why? All consumers are out there listening to crazy, unrealistic offers in the media about home loan programs that few often qualify for....and the ones that do, often don't want the product to begin with! Ofcourse, everyone … (8 comments)

home: Counterproductive - 11/08/06 01:45 PM

This morning, I tried to start off the day on a productive note. I received the approval from my investor at 5:00pm last night on a file and went to work on getting all of the "prior to doc" and "prior to funding" conditions knocked out. By 7:30am this morning, I … (2 comments)

home: What are lenders really looking for? - 11/02/06 10:53 AM

Lenders will initially look at:
Employment
Income
Assets
Some kind of credit
Employment - Employment is a critical part of the mortgage application. Being employed continuously for the past two years is helpful. Being in the same line of work is preferred, since it shows that you have been consistent in that field. … (1 comments)

home: The "Stated Income" Phenomenon - 11/02/06 10:33 AM

With the influx of home purchases in the late 90's and into the New Century, a phenomenon hit us all. Homes were increasing in value and the banks needed to figure out a way to keep business flowing. Otherwise, it would come close to a schreeching hault, due to the afordability factor. Yup, the ability to … (20 comments)

home: Chairman of the Federal Reserve - 11/01/06 12:19 PM

(Ben Bernanke is on the right and his predecessor Alan Greenspan is on the left)
The name is Ben Bernanke.....
Have you heard his name?
Do you wonder what he does?
And more importantly...How does he affect each of us as consumers?
Well, for starters, he took over the position that the well … (2 comments)

home: Over Your Building Budget? - 10/27/06 12:41 PM

I get phone calls from homebuilders from time to time that are in distraught. They sold a home that they owned. Took that cash and decided to build their own dream home after purchasing the land and putting the plans together. The plans get approved by the planning commission or other … (4 comments)

home: Do You Know Everything? - 10/27/06 11:49 AM

I don't claim to know everything. In fact, you can't know everything! The President has advisors as do other major figures. This is why I love Active Rain. I'm straightforward with my clients "from the get go" and let them know that if I don't have an answer to their question, … (0 comments)

home: Personal Growth - 10/26/06 12:25 PM

I think personal growth is one of the most important things that we can do in our lives. If you stop learning and think you "know it all", you're dupped! That's right, dupped!

Yesterday I went and picked up a book at the mall that I have been meaning to pick up for … (4 comments)

home: Baby, I Need Your Lovin! - 10/25/06 01:42 PM

I admit it, I'm on a baby binge. My whole life right now, is focused on babies! Babies in the mall, babies at the grocery store, babies on television...Yup, babies, babies, babies....We have our first one on the way in a few weeks and I'm gearing up for it! Am I … (2 comments)

home: As the Donald would say, "You're Fired!!" - 10/25/06 01:16 PM

I was reading the Orange County, California Register this morning and it said that there are going to be some major changes in the Mortgage business. Countrywide is claiming that it will let go of 2,500 employees by the end of the year and Ameriquest, who is well known in California, … (1 comments)

home: Property Auctions - 10/25/06 12:57 PM

I have been seeing alot of talk lately about properties going on auction. What use to be a place for foreclosures and trustee sales is now becoming mainstream for home sellers as a method to eliminate time restrictions. Coldwell Banker just signed a nationwide contract with a major auctioneer, making their properties … (1 comments)

home: Financial Literacy Event - 10/21/06 06:31 PM

We just finished our Financial Literacy Event on the Chico State campus and I feel that it was a success. We went through several topics, to include:
Credit Reports
Utilizing Credit
Investing
The Time Value of Money
Starting a Business
We conducted the seminar for the college students at California State University Chico as a way to … (4 comments)

home: Love Thy Neighborhood - 10/21/06 02:30 AM

We just moved into a new community and it has been an amazing experience so far. The vibe that you get off of a new development can be pretty cool! The home is a "starter home community", with new young families that are in the same boat as us. New mommies … (1 comments)

home: Crossing the Line - 10/20/06 02:17 AM

I've learned over the course of time that the entire Real Estate process, whether a person is purchasing, selling or refinancing a home has many emotions on the table. Sometimes, clients will get frusterated with the performance of an agent or loan officer and crosses the line with you. How so? … (2 comments)

home: Signing Loan Docs - 10/19/06 01:08 PM

I'm sure both consumers and Real Estate professionals can identify with this topic, "Signing Loan Documents!"
Have you ever looked through an entire set of disclosures and gotten lost on sentence 2? I believe that the documents are designed in such a way that they know by human nature, you won't read through … (1 comments)

home: The Family - 10/19/06 12:04 PM

This blog has nothing to do with Real Estate, but, it's my way of letting people know that I'm an actual human and not just a Real Estate, blogging robot. Or even better than that, a Real Estate Professional that pays someone else good money to blog for them. Imagine that, … (2 comments)

home: Market Update For Monday 10/16 - 10/16/06 03:05 PM

Mon Oct 16th Market DirectionRates areMoving slightly lower Rate VolatilityLow Interest Rate TrendsLong Term (4-6 weeks)Up Short Term (1-2 weeks)FlatMortgage Point ChangeSecurityChange30 Year Fixed-.115 Year Fixed-.1 U.S. Treasury RatesSecurityChangeYield30 YR Bond-.024.91%10 YR Note-.024.78%National Average Mortgage RatesWeek Ending Oct 12 2006 12:00AMMortgageRatePoints30 Year Fixed6.37%.515 Year Fixed6.06%.51 Year Adjustable5.56%.7Key Interest Rates1 Year T-Bill4.9%11th District COFI4.18%Prime … (0 comments)

home: Builder Incentives Getting Aggressive - 10/15/06 10:42 AM

I have noticed a new trend with California home builders, many of them are offering bigger incentives to buyers to buy their new homes. As of recent, I saw a commercial that proclaimed, "no payments for the first 6 months!" The builder was Centex homes and I called the phone number … (2 comments)

home: Ice Cream or Buying a Home? - 10/15/06 10:01 AM

So I got a funny email tonight...It's funny how your advertising works out sometimes. I advertise on the bottom page of every page of the local coupon guide in our area. When the person called, I answered the phone as my typical "Oak Valley Mortgage, this is Scott." It caught both … (4 comments)

home: California Department of Real Estate Recovery Account - 10/14/06 12:18 PM

From time to time, I like to refresh my memory of various topics or try to get answers to questions that I may have at the California Department of Real Estate website. While browsing through the website, I came across the Recovery Account, which is a "victim's fund." The account has … (2 comments)

home: Chili Cookoff! - 10/12/06 02:51 PM

I'm constantly thinking of new ways to do great things within the great community that I live in and at the same time, help to promote our business. I was thinking about it last night, and I use to have a blast going to chili or chowder cookoffs! So, I have … (3 comments)

home: Rome Wasn't Built In A Day My Son! - 10/04/06 01:03 AM

I have to admit that I get frustrated in the Real Estate business from time to time. I have now had the mortgage company for 2 years and everyday seems like a new battle. My dad has been in the mortgage business for 29 years now and he has been a … (2 comments)

home: Thank You Soldier - 10/02/06 09:32 AM

I don't know your name, but I know who you are
You protect our great Nation and represent a white star
A white star on our flag it is don't you see
To put your life on the line for my liberty
Liberty such as this, to do as I please
Where others in … (2 comments)

home: Are Loan Officers Really Villains? - 10/02/06 08:00 AM

After reading the post by Derek and Mariana Wagner and noticing that Loan Officers were number 2 on the top 5 list of people that people hate to deal with, I cringed! I thought to myself, "ME?" Is that the persona that I want placed on myself? Holding a stick of … (6 comments)

home: California Home Loans~100% in 1 Loan with NO MORTGAGE INSURANCE! - 10/01/06 10:50 AM

Hey California!
Are you tired of your second mortgage with a high interest rate?
Are you looking to get 100% financing with 1 loan and NO PRIVATE MORTGAGE INSURANCE?
Give us a call and we'll see if your scenario matches some of the great new home loans products that have just … (1 comments)

home: A Night Out - 10/01/06 10:36 AM

After going through an entire transaction with my clients, I always like to get them a gift certificate to their favorite local restaurant. Buying or refinancing a home can be challenging sometimes and the stress that it puts on a relationship can be hard. I find that there is no better … (3 comments)

home: Setting the Tone - 09/30/06 10:48 PM

I have to say that I worked for part of my Saturday today. I went to a few open houses in Southern California to view the listings of agents that I know. The last of 3 open houses that I attended today stuck out like a sore thumb from the other … (3 comments)

home: Southern California Traffic - 09/30/06 10:29 PM

Ok, so I'm in Southern California right now on a combination of business and pleasure. I moved to Southern California (Orange County) in 1990 and the traffic at the time was moderate. After going away to college in Northern California (Chico) and coming back down to Southern California to visit, you … (5 comments)

home: Window Shopping - 09/30/06 10:16 PM

Being in the new "buyers market" that we are in, I have heard some interesting stories from agents that I work with. There are "potential buyers" that go out into the marketplace and shop for homes, with no intentions of really purchasing a home, kind of like "window shoppers." In fact, … (6 comments)

home: It's a Beutiful Day in the Neighborhood - 09/29/06 12:15 PM

So yesterday was a great day for me and my family. We got to experience our first 4 dimensional ultra sound..All I have to say is, "WOW!" To see little fingers,toes,lips and so on, it reminds you of the important things in life. It is so easy to get caught up … (9 comments)

home: A New Era - 09/26/06 11:58 AM

A new era has come to the Real Estate industry. What is it? Ummm yeah, the Internet. And what does that mean? Home seekers are becoming more witty, being able to get information about properties even faster than a lot of the real estate agents that are out there! Many home … (0 comments)

home: I DO!!!! Actually, Wait a Sec! - 09/25/06 05:11 PM

This was the top of my friends' wedding cake, which I found hilarious. After seeing it though, it got me thinking about a particular topic that I've dealt with in the mortgage business. What happens when 2 people get married and take everything else into consideration before they say, "I DO" except … (4 comments)

home: The Big Cats! - 09/25/06 04:50 PM

The big cats of the lending world have been making it harder over the years for the little fish in the industry. Why? Just watch one of those commercials that makes claims for mortgage products that most people don't even qualify for. And even if you did qualify for that particular … (0 comments)

home: Arms Length Transactions - 09/25/06 10:19 AM

Today's Real Estate Term of the Day~
Arms Length Transactions:
Definition- A transaction in which the parties are dealing from equal bargaining positions, neither party is subject to the other's control or dominant influence, and the transaction is treated with fairness, integrity and legality. If discovered by a taxing authority, the absence of … (9 comments)

home: Kiss Private Mortgage Insurance Goodbye California! - 09/24/06 10:15 AM

Kiss Private Mortgage Insurance Goodbye California!
Kiss private mortgage insurance goodbye California! I've received new announcements this week from multiple investors, stating that they are doing 100% first trust deed loans with NO MORTGAGE INSURANCE! In the past, investors were doing maxed 80% first trust deeds and 20% seconds to avoid PMI. … (2 comments)

home: Unfair Lending Competition and Your Privacy! - 09/23/06 12:00 PM

I've been frusterated lately by a new form of unfair lending competition that has been taking place by mortgage companies and larger lenders. After we pull credit reports for our clients, competitors are paying the credit reporting companies to alert them that a "mortgage" inquiry has been made, be it for … (3 comments)

home: Back to School~Today's word...Disintermediation! - 09/23/06 10:57 AM

I live in Chico, California, which is the home to thousands of college students. From time to time, I have high school and college students call me up to ask me questions for a class project that they are doing. I LOVE these calls! To have a child or young adult … (10 comments)

home: Life...The Juggling Act - 09/20/06 06:36 PM

Oh, how life feels like a grand juggling act! But when it comes down to it, the single most important asset we have is TIME! That's right, you can't buy more than is alloted to you or stop it. Regardless of what we do in our daily lives, it continues to move. Through … (2 comments)

home: Be a Chameleon! - 09/20/06 06:17 PM

Do you know what chameleons do better than almost any other creature out there? Their bodies change colors and adapt to it's environment. So I ask this to all of you Real Estate professionals out there. How often and well do you adapt to change and your environment? I have found that no … (1 comments)

home: Professional Problem Solver - 09/20/06 05:33 PM

I think I'm going to change my job description from Mortgage Broker to Professional Problem Solver. The longer I'm in this business, the more I realize that it goes far beyond interest rates, loan products, documents and all that jazz. If I boiled it down to it's basic element, I think … (2 comments)

home: The Often Overlooked Factor! - 09/19/06 12:06 PM

I have learned over the course of time that there is an often overlooked factor in Real Estate transactions and many of the things we do on a daily basis. What is it? The "gut factor!" The gut factor is what your inside tells you is a good or bad situation … (2 comments)

home: Have a Great Insurance Agent! - 09/19/06 11:54 AM

Here's some great advice, be sure you have a few great insurance agents to work with. I had a client recently that was paying close to $200 more a month for her existing insurance policy than what my affiliate quoted her at. He drove out to her property and noticed that … (0 comments)

home: The Baby Boomers are Coming! The Baby Boomers are Coming! - 09/19/06 11:19 AM

I have noticed a strong trend lately. The Baby Boomers of California are now becoming "Empty Nesters." The kids are out of the house, they don't need all of that space and they are sitting on a property in the Bay area, Los Angeles, Orange County or San Diego and they … (6 comments)

home: Promoting Active Rain in Your Community! - 09/18/06 06:01 PM

Have you considered promoting the Active Rain community by giving it exposure in your area? I recently wrote an article, which you can check out here on page 27. Letting everyone know what the AR network is about and getting potential clients to visit the network will benefit all of us greatly. Sure, it … (3 comments)

home: Kiss PMI Goodbye! - 09/18/06 05:47 PM

Kiss private mortgage insurance goodbye California! I've received new announcements today from multiple investors, stating that they are doing 100% first trust deed loans with NO MORTGAGE INSURANCE. In the past, investors were doing maxed 80% first trust deeds and 20% seconds to avoid PMI. Now you can avoid those higher … (0 comments)

home: Where in the world is Chico? - 09/17/06 12:03 PM

Are you looking for a great place to live? I'll tell you about a hidden gem in California, but don't tell too many people! Chico is located 90 miles north of Sacramento, California and home to 105,000 Chicoans. Boasting a "home town college feel to it", Chico is the home to California State University,Chico and … (11 comments)

home: Which Direction? - 09/16/06 12:16 PM

One of my favorite things about being a member of the Active Rain Real Estate community is the network I'm growing for my clients' benefit. Think about it, having not necessarily more...but better directions to send your clients is a great thing, adding value to what I do for them. Now I … (0 comments)

home: Preparing For the Appraisal - 09/16/06 11:52 AM

Over the years, I have heard many questions about how to prepare for an appraisal. I thought it might be to your advantage to know what your appraiser is looking for, and what you can do to get the most out of your appraisal. Here are a couple of hints:
Make a … (0 comments)

home: Are You Optimistic or Pessimistic? - 09/16/06 10:41 AM

There's a father that has 2 children, one is VERY OPTIMISTIC and the other is VERY PESSIMISTIC! The father wants to show each child that life isn't simply one way. After thinking up a plan to prove his point, he puts it into action the next morning. For his optimistic child … (4 comments)

home: How much are your air rights worth? - 09/15/06 01:41 PM

Do you have any idea how much your clients' air rights are worth? In an amazing story, which was confirmed on December 4th,2005, the Christ Church on Park Avenue in Manhattan decided to sell its air rights for $30 million! Now there are business (gyms,bakeries,etc) in Orange County, California that are selling … (2 comments)

home: In the year 2010! - 09/15/06 01:19 PM

Do you have any ideas of what the banks and investors will come up with next in product innovation to get homebuyers into homes? We've seen mortgage loan types that my dad would not have even imagined 25 years ago, but now they are a reality...Zero Down,Interest Only,100% Financing,6% sellers concessions,No … (1 comments)

home: Big Fish,Little Fish? - 09/15/06 01:39 AM

I've lived and conducted Real Estate business in two types of areas/markets. In one you feel like a little fish in BIG pond and in the other you feel like a BIG fish in a little pond. I'm curios to see what AR members feelings are about being in each kind of … (3 comments)

home: Minorities Pay More? - 09/14/06 08:42 PM

In an article recently posted by James R. Hagerty at RealEstateJournal.com, James explains that African-American and Hispanic borrowers are "much more likely than whites to pay high interest rates on mortgage loans", according to a Federal Reserve study released recently! My first reaction was, WOW! I would not figure that this … (3 comments)

home: Curb Appeal - 09/13/06 03:28 PM

In a competitive market where there are many choices for buyers, agents must bring the topic up of "curb appeal" to their clients. Questions such as, "what does the home look like from the front?", and "what will potential buyers first reactions be from the outside?" are VERY IMPORTANT! The home may be beutiful … (4 comments)

home: Website Hosting - 09/13/06 02:54 PM

One of the most important decisions that Real Estate professionals need to make is who will do their website hosting. There is a large range of offerings that are out there and comparing and differering their services can be time consuming, but I assure you that it is worth every second! … (0 comments)

home: Buyers Market - 09/13/06 02:33 PM

With the influx of homes on the market, things have switched to a buyer's market! So, what does that mean? Well, from the sellers perspective, you need to offer incentives that will differentiate your home from the rest of the flock. You can do so with offering a credit towards the … (2 comments)

home: MLS to RSS - 09/12/06 10:14 AM

I'm looking forward to finding a website that does a great job at offering an MLS to RSS service...Say what?
That's right, an RSS feed that will update my website in "Real Time" with homes that have just hit the market! Maybe a "New Home of the Hour" or "Just Listed!" link … (4 comments)

home: Placing Our RSS Feed On Our Homepage! - 09/10/06 12:28 PM

We have decided to add our Active Rain RSS blog feed onto our homepage. Why? Instead of having a generic website that always comes up, now our blogs will be shown on the homepage randomly, keeping the content new and fresh! The search engines should recognize it because the content will … (2 comments)

home: Dinner with Sheree - 09/10/06 12:21 PM

My wife (fiancee then), recently sold her condo, which was an overall smooth experience. I have dealt with many agents so far in this business, but last night I experienced one of my firsts. Her agent, Sheree Darner, invited us over to her house for dessert and coffee after we went … (3 comments)

home: Paying Points - 09/05/06 12:03 PM

Should I Pay Points?
The best way to decide whether you should pay points or not is to perform a break- even analysis. This is done as follows:
1.) Calculate the cost of the points. **Note: 1 point is equivalent to 1 percent of the loan amount. Example: 2 points on a $100,000 … (0 comments)

home: Early Bird Catches the Worm! - 09/05/06 11:54 AM

Here's an old saying that I use to hear from my dad growing up, "early bird catches the worm!" This is a phrase that I would not come to understand better than when I grew up and graduated from college...Ahh, the good old days of waking up at noon. But as … (2 comments)

home: Bubble Burst? - 09/04/06 11:09 AM

It seems to be the topic of many over the past 6 months. Appreciation is slowing down (to more realistic levels),interest rates are increasing and consumers are thinking!
Thinking what??
According to new National Assoc of Realtor reports, "The Pending Home Sales Index fell 7% in July."
The NAR called out that increasing listings … (4 comments)

home: Dreaming of a Sale? - 09/03/06 12:04 PM

Are you dreaming of a sale?
In these changing times, I'm amazed with how some agents are responding to it! The HOT real estate market brought in an influx of agents and mortgage "professionals", which we are now seeing drop like flies. Is this bad? I don't think so. So many people … (5 comments)

home: Humor of the Week - 09/01/06 05:40 PM

I stayed up one night, pondering what I could do to differentiate myself from the "rat pack". What is the rat pack? The rat pack is the group of companies, all in the same field, that try to gain the acceptance and business of someone or something. In this particular case, … (7 comments)

home: Zero Point/Zero Fee Loans (Part 2) - 08/30/06 01:59 PM

Zero Point/Zero Fee Loans (Part 2)
What are the benefits of a zero-point/zero-fee loan?
The main benefit is that you have no out-of-pocket costs. As a result, if the rates drop in the future, you could refinance again even for a small drop in rates. So if you refinanced on the zero-point/zero-fee loan to … (0 comments)

home: Zero Point/Zero Fee Loans (Part 1) - 08/30/06 01:56 PM

Zero Point/Zero Fee Loans Explained
What happened to the conventional wisdom of waiting for the rates to drop 2% before refinancing?
You have a 30-year fixed loan at 8.5%. A loan officer calls you up and says they can refinance you to a rate of 8% with no points and no fees whatsoever.
What a … (1 comments)

home: Should I Pay Points? - 08/30/06 01:51 PM

Related Links:

All member posts tagged with "home"