Annapolis Maryland - High Quality Mortgage Advice

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Mortgage and Lending - Apex Home Loans - NMLS #369577
Mortgage ramblings from Lewis Poretz - Mortgage Advice - Market Updates - Problem Solver

ARCHIVED BLOG POSTS

2007 

This blog is intended to find answers to an unsolved art........  please chime in with comments and suggestions......Have you ever made a hiring decision which had something in your gut telling you this is the one? I was never told in school that being a manager was part businessman, part manager...
02/24/2007
I am just curious to find out how many real estate professionals feel a toll free number is important. I have done a lot of research on this and it seems that unless you have a vanity number - you may as well go with a local number. I have also found that the real value is in the - 800 - and not ...
02/21/2007
      ---- for those of you living in a bubble - i have replaced my old post with updated info ----      Lewis Poretz http://www.mortgageimplode.com I believe the 1% option arms are the next really BIG hit the mortgage industry is about to take ----________________________________________________...
02/20/2007
I have written a few blogs on AR and the one's i thought were the best did not get any or few responses. I do have one featured blog that i thought was ok -----My questions is ---   what gets the best activity on a blog? Is it a question put out there for all AR community to chime in? Is it a sta...
02/19/2007
Question for the AR blogging community - looking for input from mortgage professionals as well as real estate professionals and others. Do you percieve offering up a free credit report a service to the client or just a bait and switch tactic used to set the hook? Do you refuse to pull a credit re...
02/18/2007
The age old debate on whether to hire young and agreesive - which means training - or experienced professionals has come to the forefront again. With the soon to be glut of seasoned pros out in the job pool again, is now the time to go on a youth movement? I think there are some tough times to co...
02/16/2007
FYI for Realtors -  The mortgage industry is very unstable right now. HSBC had huge losses. National City is combining branches. The big boys are unstable now..... align yourself with a lender that is a broker as well and can react fast to place a loan at a new investor if the investor they choos...
02/15/2007
Two months ago i took a loan app from a prospective client who was looking to purchase a house. I pull the credit and wallah! - 800 scores!! Full doc wage earner that can prove assets....  800K purchase putting 200K down -   I am loving this loan thinking I can make a small yield spread and close...
02/13/2007
Two years ago a client comes to you with 40K + in credit card debt. Great credit - great equity...You get them a loan that saves them 600 bucks a month and give them 25K cash out for home improvements.....One year later client calls up again.... good credit not great  -  good equity not great ......
02/11/2007
Interest only loans can be a valuable tool if it is completely understood by borrowers. They can afford you a lower monthly payment - sometimes hundreds of dollars lower. I like these loans if a client plans on being in their property 5 years or less. They must also understand that interest only ...
02/07/2007