transparent: Transparent mortgages Plano Texas
- 01/22/10 02:13 AM
Anyone searching for a home mortgage in Plano, Texas? One of the best mortgage professionals is located in Plano, Texas because he is all about making sure the borrower is in complete control of the pricing on his mortgage. To do this he uses RateWindow which requires mortgage professionals to completely disclose all of the fees up front, including what he will charge to provide the service. When I say complete disclosure, I mean the borrower will see all third party fees, which will be passed through at cost, NO MARKUP. They will also see all of the various interest rates … (3 comments)
transparent: Is there a missing puzzle piece in the new GFE?
- 01/05/10 07:11 AM
What's missing from the new GFE? Transparency for the borrower is the puzzle piece that is missing. Even though Washington's intent was to make the mortgage transaction more transparent, they have missed the mark again. The new GFE does help borrowers compare one lender to another - IF they are requesting the same lending product from both lenders. Something that most borrowers wouldn't know to ask for. The new GFE may save the borrower a few bucks on junk fees and unnecessary lending charges, but what it doesn't do is prevent loan officers from hiking up the interest rate to increase the … (0 comments)
transparent: Fuzzy Mortgage Math
- 07/01/09 08:57 AM
There seems to be a rumor going around the real estate industry that somehow a lender pays your buyer's mortgage broker (or banker) for doing their loan based on the interest rate at which the loan closes. This is fuzzy mortgage math at its best. To those in and outside the real estate world who may have been operating under this impression, I say that it's time to put a stop to it. And I say, clearly and with conviction: It is the borrower - not the mortgage lender - who pays the mortgage broker. In today's market place there aren't … (1 comments)
transparent: Obama Sees a "Kick Me" Sign
- 06/24/09 08:46 AM
Washington thinks we have a “Kick Me“ sign on our back! The sign is really stamped on our foreheads and it says, “Please increase my taxes!” Or another sign would say, “I really want to pay more for my mortgage.” Obama’s proposal for a new Federal agency is sure to come at a “Kick Me” cost. Are any of you willing to volunteer your time and talents to go out and “regulate all providers”? Someone is going to end up coming up with some serious coin to fund all of this. Guess who? I don’t think it will be the thousands … (28 comments)
transparent: Fannie Mae, Freddie Mac, and Other Bailout Bill Fallout
- 09/11/08 02:56 AM
Well, it took about 45 days for the bailout bill to open the door for the takeover by the federal government of Fannie Mae and Freddie Mac. I can't say that I was particularly surprised at Sunday's announcement. As noted in Tami Luhby's recent article at CNNMoney.com, interest rates have already started to fall as the world markets responded positively to the announcement. Now, I'm not going to say that's bad news-for those who are buying a home, it's just one more great reason to take the leap. I mean, home prices are down, there are some great homes on the market, … (0 comments)
Anyone searching for a home mortgage in Plano, Texas? One of the best mortgage professionals is located in Plano, Texas because he is all about making sure the borrower is in complete control of the pricing on his mortgage. To do this he uses RateWindow which requires mortgage professionals to completely disclose all of the fees up front, including what he will charge to provide the service.
;)
;)
