mortgages: Palm Beach Gardens Mortgage News- Knightlines Mortgage Services Opens it's New Branch - 03/29/08 06:00 PM
Knightlines Mortgage Services, LLC has just opened it's new branch at 3309 Northlake Blvd, suite #201, in Palm Beach Gardens.
Considering all of the bad news that's been around lately - starting with the sub-prime disaster of last year - people might wonder how we can actually be expanding.
It's easy. … (5 comments)
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mortgages: Short Sales and Foreclosures on Palm Beach Gardens Real Estate - Part 2 - 03/23/08 10:32 AM
Yesterday I started to talk about foreclosures and short sales - there is way too much confusion about them, so I'd like to simplify things a bit.
I finished up by mentioning the case of owing more on your real estate then it's actually worth or "Being Upside-down". How could that happen?
Several … (1 comments)
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mortgages: Short Sales and Foreclosures on Palm Beach Gardens Real Estate- Part 1 - 03/09/08 01:16 PM
I would like to talk a little about foreclosures and short sales today.
First of all - contrary to what the newspapers seem to want to you to believe, not every homeowner is in a finincial crisis and not every home that is listed is being sold out of desperation!
Take a … (4 comments)
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mortgages: You Checked the Facts on Your Current Mortgage.. What Did You Find? Part 3 - 02/04/08 02:19 PM
Happy Friday Everyone-
The last 2 days I've been talking about checking on your current mortgage - I want you to be sure that you know exactly what you have and I discussed several ways that you could have been tricked.
Now, if you looked through all of your paperwork and everything checks … (3 comments)
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mortgages: Make Sure You Know What Kind of Mortgage You Have - Don't be Surprised in 2008 - Part 2 - 02/02/08 10:32 AM
Yesterday I started asking people the following: Do You Know What Kind of Mortgage that you currently have?
Quite a few Palm Beach real estate owners would say "Sure!" without hesitation.
However......
I would tell EVERYONE to double-check your paperwork before you get a surprise.
After several years in the business, I've lost track of … (5 comments)
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mortgages: What Kind of Mortgage Do You Have? Are You SURE?? - 02/01/08 08:33 AM
What kind of mortgage do you have on your Palm Beach home?
Is it fixed ?
Is it adjustable?
Are you 100% sure of your answer?
As crazy as it may seem, too many Palm Beach real estate owners really don't know the exact details of their home loans.
Start the year off right - dig … (2 comments)
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mortgages: 100% Mortgages for Palm Beach Real Estate - Good or Bad? - 01/04/08 04:47 PM
Before we go over the GOOD vs BAD parts of the 100% Home Loans I want to discuss the availability of this particular Mortgage.
A lot of things have changed in the Mortgage Industry in 2007 - the subprime mess at the beginning of the year is still on everyone's mind.
You'll see … (4 comments)
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mortgages: My Vote for Worst Advertisment of the Year- - 11/18/07 02:42 PM
Good Morning Everyone-
In general, I try not to be too negative - if I ever get TOO bad, I'm sure the local newspapers will try to hire me to write front page stories for them! LOL
As I was driving into the office this morning I heard an ad on the radio that … (9 comments)
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mortgages: Sellers Expect (and Deserve) the Truth - They Just Don't Want to Hear it! - 11/12/07 02:43 PM
I've been tossing this idea for an article around for a few days.
Then I came across a post on Miamism written by Rick & Ines that said pretty much what I'd been thinking about. Hey, great minds think alike!
In the article they present 3 Scenarios, all of which deal with current problems in the … (2 comments)
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mortgages: Some Great Mortgage News- - 11/04/07 05:10 AM
With all of the negativity (real and imagined) in the real estate and mortgage industries lately, it was fantastic to see some good news reported in Realtor Magazine Online yesterday.
Freddie Mac released the following in it's latest weekly report:
The national average rate on a 30 year fixed loan had fallen to … (6 comments)
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mortgages: Palm Beach Real Estate and Loans: Buyers - Get Ready for a Busy Season in Palm Beach - 10/26/07 03:50 PM
Current conditions show that we still have a strong Buyers' Market here in Palm Beach County.
So, if you and your family were considering purchasing real estate here, the next 5 or 6 months will be critical.
Sales prices are still low and fantastic mortgages (REAL ones) are available.
I've often heard "Well, we're just going to … (4 comments)
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mortgages: Palm Beach Real Estate and Loans: Do People Fall for This Mortgage Ad? - 10/23/07 05:22 AM
You can see the signs all over Palm Beach promising to refinance your real estate - at NO COST!
You see it in the papers (if anyone still reads them!), on TV, on the internet and you hear it on the radio: Refinance your mortgage at NO COST.
Do people fall for it? Absolutely … (13 comments)
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mortgages: Palm Beach Gardens Real Estate: Lake Catherine - 10/12/07 03:27 PM
Lake Catherine is a small Palm Beach community located in the NW intersection of Northlake and MacArthur - a perfect place for first-time home owners and people looking for a QUIET place to live.
It is made up of single family homes and quads most of which have a view of the … (4 comments)
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mortgages: Luxury Homes in Florida- Egret Landing Open Houses - 10/07/07 10:18 AM
Luxury Homes Florida will have two Homes on display today in the Egret Landing neighborhood of Jupiter.
Egret Landing has some of the most reasonable, up-scale real estate in northern Palm Beach County -
Here are two fantastic examples - they will be Open from 2 PM to 4 PM 10/7/2007:
… (11 comments)
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mortgages: Palm Beach Real Estate and Loans: Mortgage Scam Update! - 09/25/07 05:43 AM
Can someone please tell me why the BS in the Mortgage industry just keeps going?
Folks, you not going to like the answer, but here it is:
"There's a sucker born every minute" - That line is usually traced back to P.T. Barnum of circus fame.
That does sound pretty harsh - but think … (15 comments)
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mortgages: Rates, Rates, Rates - Don't Get Fooled! - 08/23/07 03:56 PM
OK- so you've decided to purchase a new Home (or refinance one that you already own) and you just don't have the ability to pay cash for it. You're certainly not alone! Or, you might have the cash, but you don't want to tie it all up for the time being.
So … (14 comments)
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mortgages: Mortgage Basics for Consumers #5: The Option ARM (part 2) - 08/14/07 12:40 PM
Welcome back to my deciphering of the Option ARM.
In my previous Post I explained the payment choices that you, as a Borrower, would have with the Option ARM. Now I'll go over the good and the bad...
Remember that 1%? OK, let's say you actually qualify for it - don't be surprised … (3 comments)
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mortgages: Mortgage Basics for Consumers #5: The Option ARM (part1) - 08/14/07 12:33 PM
In addition to being a Realtor® in Palm Beach, I am also a Mortgage Broker for Knightlines Mortgage Services, LLC.
One question that comes up VERY frequently is "What's that 1% loan I see all over the place?".
Technically it's known as an 'Option ARM' and it is one of the … (4 comments)
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mortgages: Mortgage Basics for Consumers #4: Types of Loans - 08/14/07 06:05 AM
Hello Everyone-
Today's post is about 'Types of Mortgages' - it's important to know which is which when you are purchasing or refinancing your Palm Beach Home.
We all hear about Fixed Rate vs. Adjustable Rate, Option ARM's, Interest-Only, Balloons - but do you know what they are?
Fixed Rate Mortgages- This is the … (2 comments)
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mortgages: 8933 Lakes, West Palm Beach, Florida, 33412 - exp - 08/13/07 04:56 PM
Just west of the Beeline Highway on Northlake Boulevard, this waterfront, Springtide-model Home features Tavertine marble floors in the main areas, granite countertops in the kitchen along with custom cabinetry, stainless steel appliances and a pool and spa that overlook the beautiful lake.
The Golf Club is the only … (6 comments)
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mortgages: Mortgage Basics for Consumers #3: Credit, Income and Assets- - 08/12/07 06:18 PM
Mortgage Basics for Consumers #3: Credit, Income and Assets
The number of Mortgage-related advertisements that the average person gets bombarded with every day is getting ridiculous!
Between the postcards and 'special time-sensitive' offers you get in the mail and email every day, to the TV ads that lie about free / … (2 comments)
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mortgages: Mortgage Basics for Consumers #2: Pre-Qualification vs Pre-Approval - 08/10/07 05:42 AM
Today's topic is: Pre-qualification vs Pre-approval and how they affect your search for Real Estate in Palm Beach.
Before getting into what's what, the basic idea is that BEFORE you start looking around for your new Home, you need to know how much you can borrow. (If you're paying cash, just skip ahead … (5 comments)
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mortgages: Mortgage Basics for Consumers: #1 - 08/09/07 10:46 AM
Unless you are one of the lucky few that can pay 100% cash for your new Palm Beach Real Estate, you are going to need financing.......
Today I'm going to begin a series of posts that are aimed at explaining the entire Mortgage process from beginning to end.
The funny thing … (10 comments)
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mortgages: State of Florida Cracking Down on Mortgage Fraud! YES! - 06/20/07 04:52 PM
I got today's FAR Early Bird news and the Title of the first article really grabbed my attention:
"Crist Signs Bill to Curtail Mortgage Fraud"
- Let me tell you something, after the last BS GFE I looked at today, it's about time.
Recently (2005) - not only did Florida rank #1 in the … (50 comments)
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mortgages: Congratulations to Rebecca Brillhart on her first closing! - 05/12/07 10:05 AM
Please join me in congratulation Rebecca Brillhart on her First Closing!
Rebecca is a Mortgage Broker with Knightlines Mortgage Services, LLC.
Her first closing was yesterday - 5/11/07 - in Central Florida.
Knightlines prides itself on the fact that your Broker will be at the Closing table - something most Mortgage companies wouldn't even … (16 comments)
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mortgages: Why Me? - Two More Oddball Situations......... - 12/28/06 06:03 PM
Both of these crazy stories happened at a company I no longer work for - long ago and far, far away.
One day I'm checking on my files in the Processor's office - I had to do it myself because she was having her daily lunch with one of the owners - that … (12 comments)
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mortgages: The NEW Loan......... - 12/11/06 03:57 PM
While I was in the gym this morning-
(Better intro than - So I'm on line at the bank.....)
Someone came up to me and asked if I still did mortgages.
ME: Sure - what can I do for you?
HIM: I'm going to need a loan for a new house.
OK, have you found a place yet....?
… (41 comments)
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mortgages: There seems to be a little confusion regarding Interest-Only loans.... - 11/30/06 11:44 AM
In the past few weeks I have seen several comments that have made Interest-Only loans seem horrible - It sounds like a lot of people have gotten them confused with the Minimum Payment choice available with Option ARMs.
They are 2 completely different things!
When you make a 'typical' mortgage payment, the amount … (13 comments)
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mortgages: What is the 1 question that you DON'T want to ask your Mortgage Broker? - 11/28/06 08:53 AM
Now- before you get the wrong idea, you can and should ask your Real Estate Agent and your Mortgage Broker any and all questions you have - and if they don't seem to want to answer them and / or educate you, you MAY want to consider using someone else!! … (5 comments)
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mortgages: Ahhhh, time to have some coffee and get cozy with Cody... - 11/09/06 05:30 PM
I know, I know - I can hear the groans!
Just something to catch you eye -
I'm actually talking about several of the more well known Mortgage Indices: COFI, COSI and CODI.
(I can imagine someone with a very dry British accent commenting: 'Well, this is FRIGHTFULLY exciting stuff...')
Let's go with a few … (3 comments)
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mortgages: HELOC Confusion......... - 11/09/06 04:27 PM
I got a call from a potential Client today that had some questions about a loan he'd gotten a while back (from another Broker). He was a bit confused.....
Such a simple loan, SOOO much trouble!
HELOC:
H ome
E quity
L ine
O f
C redit.
Why would you get one? You … (7 comments)
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mortgages: More on the .Com 'Lenders' - 10/15/06 08:07 AM
I just finished reading George Souto's post about the .Com guys and all of the confusion that can result.
I got a knot in my stomach! Not from the article - it was very good - but from some bad memories.
In the past I had worked for a company that spent a TON … (3 comments)
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mortgages: Dear Realtors - what do you think of this? - 10/11/06 01:58 PM
I'd been asking questions to local Realtors - face-to-face and on line - about what they want from the Financing side of the Real Estate world. I have gotten a lot of responses - good and bad!
So that you all know, this is how I like to operate:
I am NOT:
The doughnut delivery guyThe … (6 comments)
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mortgages: Real Estate and Financing working together?!?! - 10/10/06 04:38 PM
Can't we all just get along, sob,sob? Sorry, I couldn't resist!
Seriously though, I just read a post by Amy Grashel that talked about some issues she had in the past with Mortgage Brokers gumming up the process and, unfortunately, I have to say that I agree with her observations.
I've been a … (6 comments)
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mortgages: Newbies: Welcome to the 24/7 job! - 10/09/06 02:12 PM
I read a post by Scott Daniels earlier today - and I have to say he is spot-on with his comments about "newbies" in this business. Now, I'm not a Real Estate Agent (yet!), but in my years as a Mortgage Broker, I've seen the same annoying things on my side of … (4 comments)
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mortgages: What Pre-Pay Penalty?!? - 10/07/06 06:13 PM
Hello!
Some things never cease to amaze me - One of the worst is when I am refinancing someone's property and I have to break the bad news to them that they DO, in fact, have to pay a Pre-Pay Penalty on the loan that they are paying off. I've seen … (2 comments)
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mortgages: GFE's that 'stretch' the truth. - 10/07/06 05:31 PM
Hello-
I'm wondering if anyone else has come across this problem AND what you did or would do. A potential Customer showed a competitor's GFE to me - they wanted to know why their fees were lower than mine. Reasonable question - I commented on the fact that the total closing costs … (2 comments)
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