So, You say the market is slow....Try this. - 06/29/07 10:23 AM
So you say the market is slow.....Try this
Earlier this morning I had the chance to sit down with my team of loan officers. We discussed how we can all make it through this tough market. The talk started off with the typical grumblings. No buyers, sub prime is gone and sellers … (8 comments)
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Credit Scores....What they say about you. - 06/28/07 10:04 AM
Credit Scores.....What they say about you. I am a sports junkie, in particular I love baseball. I live it, breathe it and can quote you chapter and verse of baseball. If you think of a credit score like a batting average you can begin to understand the concept a little more. If … (1 comments)
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The 10 Commandments of Applying for a Mortgage Loan - 06/25/07 10:07 AM
The 10 Commandments of Applying for a Mortgage Loan. •1) Thou shalt not change jobs, become self-employed or quit your job.•2) Thou shalt not buy a car, truck or van (or you may be living in it).•3) Thou shalt not use charge cards excessively or let your account fall behind.•4) Thou shalt … (11 comments)
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Strategies for building and protecting your equity - 06/22/07 10:27 AM
Strategies for building and protecting your equity In today's real estate environment almost anyone can purchase a home and obtain financing. What most people are not prepared for is what comes next? You have just closed on your new home, what now?Most new homeowners especially first time home owners are just so … (1 comments)
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Why your Credit Score is Important - 06/22/07 08:42 AM
Why your credit score is Important Credit Scoring has been around for many years. The first credit scoring model was created by a company called Fair Isaac and is the most widely used and accepted model. Currently all three of the national credit bureaus use credit scoring and sell that score to … (2 comments)
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What is Responsible Mortgage Lending - 06/21/07 10:22 AM
What is Responsible Mortgage Lending?When people talk about responsibility or being responsible they are typically talking about doing the right thing. When talking about Responsible Lending that not only suggests to the borrower, doing the right thing, but also that there is some built in consumer protections. To a lender Responsible … (2 comments)
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Why It Is Still A Good Time To Buy A HOME - 06/19/07 08:38 AM
Opportunity is NOT a Rate of InterestEvery once in a while we have the chance to really impact and empower the lives of people by helping them reach beyond themselves and see the bigger picture. It does not matter if that goal is a better job or a bigger house. You … (2 comments)
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Opportunity is Not A Rate of Interest - 06/15/07 12:27 PM
Opportunity is NOT a Rate of InterestEvery once in a while we have the chance to really impact and empower the lives of people by helping them reach beyond themselves and see the bigger picture. It does not matter if that goal is a better job or a bigger house. You … (5 comments)
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Rates Rates and More Rates - 06/08/07 08:09 AM
Unless you have been living in a shell for the past two days you are no doubt heard about the sudden rapid rise in Interest Rates. That trend continues into this morning. But not to worry there are still really good rates out there. For Example: Buydowns. Currently I am offeriing buy … (0 comments)
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The Best and Worst of - 06/07/07 08:15 AM
I was diving to work this morning while listening to CNBC on xm radio and the news came out about new job less claims. They were at 309,000 and the immediate reaction was a rise in interest rates. Specifically Mortgage Rates. That has an impact on me. So as I settled … (0 comments)
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The Importance of a Home Inspection - 06/05/07 12:36 PM
I have been in this business for almost 15 years. I thought that getting a home inspection was normal and customary. In recent years I would receive contracts for "as is" and a wavier of the home inspection. To me that is like getting married to a women you have never … (2 comments)
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Expanding American Homeownership Act of 2007 - 06/04/07 11:10 AM
script type='text/javascript' src='http://track2.mybloglog.com/js/jsserv.php?mblID=2007051513173019'></scriIn recent months we saw the melt down of sub prime lending, news report of exploding 2/28 arms and a call from Congress to do something about this. Maxine Waters (D-CA), Chairwomen of the sub-committee on Housing and Community Opportunity, introduced her version of The FHA Reform bill, called "The Expanding … (0 comments)
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