Lending and everything Midwest - Larry's blog

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Mortgage and Lending - Larry Bettag - Cherry Creek Mortgage
Designed as an open forum that just allows people to talk about anything pertinent. Not politically correct...just facts, fun, advice, expertise and opinions expressed here.
RECENT BLOG POSTS
I wrote a post about credit scoring entitled What You Need to Know About Credit Scoring. There were 5 variables that affect the credit score of the borrower. Needless to say, I really think that while credit inquiries have the lest amount of weight towards your credit, it also happens to be the m...
04/08/2015
What a quote!!!!  I hate when someone says...."where have you been?"  Times change and so do people and cirucmstances and situations.  I was all in for my first 800,000 points....being #1 in Illinois for years as well as top 100 nationally through A.R., but then comcast went down.....and I mean D...
04/07/2015
We just closed a client this past week. The clients were people, albeit first time homebuyers.  They got pre-approved for a certain loan amount, and the loan officer told them what they needed to do prior to closing.  Some of the comments were: Don't rack up any more debt on the credit cards Don'...
11/29/2014
I have to tell you that I don't get disappointed easily in life.  I rarely rant either.  But, I do have to say that Westbow Press has been less than stellar in delivering what they said that they would.  I wrote a book, NO REWIND, of which I'm thrilled with the final product.  The production piec...
09/22/2014
There are a few common mistakes that borrowers do wayyyyyyyyyyyyyyyyy toooooooooooooooo often.  I see it time and time again.  Don't make the mistake that a lot of buyers make.   1)   DON'T BUY A CAR BEFORE YOU GET YOUR NEW HOME:    I CANT TELL YOU HOVE OFTEN THIS HAPPENS, BUT IT'S A LOT!!!  The ...
09/02/2014
I have this couple, who I'll call Jane and Jim.  Awesome couple.  Been working years to rehab their credit and get into a position to buy a home.  Credit issues were prevalent due to some not so wise decisions during thei youth, but hey...they have me, Larry Bettag to help them rehab their credit...
06/30/2014
Anyone ever hear of XTERRA?   Neither had I until about 8 years ago.  It's basically the triathalon on steroids.  All terrain.  Not smooth surfaces.  Best athletes in the world.    I became captivated by a remarkable young woman named Jamie Whitmore.  She has won 37 championships and is in the XT...
06/25/2014
I was just sitting in an legal ethics seminar for my continuing ed.  They shared this story with me: Two law partners, running a practice, place an ad on Craig's List for a new legal secretary.  "Need to be young and send a photo.  Must be a great legal secretary.  The last legal secretary could ...
05/19/2014
We took a new application this past week from a client who was relocating back to our area.  She worked for a national company who is moving her from place A to our backyard.  The scenario??  Excellent credit!  Superb Income, Great Assets.....a lender's dream.  We issue a pre-approval and she put...
05/09/2014
There are a few common mistakes that I see borrower do all too often.  I see it time and time again.  Don't make the mistake that a lot of buyers make. DON'T BUY A CAR BEFORE GOING HOME SHOPPING    I can't tell you how many times that I see a new applicant come to me to buy a home.  They say "we'...
05/06/2014
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Larry Bettag

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What to know how to buy if you're a bit credit challenged?
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