Fed settles down the bond market with "dove talk" - New higher loan limits - 02/27/08 10:48 PM
Ben Bernanke settled down the bond market today by clearing pointing out the target inflation rate of 1.5-2.0% through year end 2008. He also spoke of his concern for recession over inflation at this point. Couple that with a weak retail sales and a weak new home sales and we had … (0 comments)
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Rates went up . . .What the hell do I do? - 02/26/08 12:35 AM
Hi gang,ok we have had a lot of mortgage volatility in the past 30 days or so. On Jan 23, we had 30 year fixed rates at 4.875% for about 4 hours and today we have 30 year fixed rates at 6.25-6.375%. When rates go up 2%, typically 30% of loan … (0 comments)
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Real Estate Pros: How to generate 10 transactions per month! - 02/20/08 08:31 PM
Hi there . . . .
Brian Buffini often talks of database calls, notes & pop-bys. He made a great living doing the fundamentally solid yet mundane and sometimes scary parts of the real estate & lending business.
National speaker and authority on the topic and frequest guest on CNBC Dr. Kerry … (2 comments)
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Home Equity Retirment Planning 101- Must Read Post! - 02/18/08 04:57 PM
Turn the equity here into Safe, Liquid Cash here!
In my practice, mortgage planning is quickly cathching on and clients are beginning to get it. My greatest joy in preparing a comprehensive mortgage plan is when the client truly gets and understands it.
Here is an example of a … (1 comments)
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Inflation, Inflation, Inflation - 02/17/08 01:15 PM
In today's blog, I thought I would focus some attention on something that affects us all: inflation.
Now let's say you go to the grocery store and purchase that 32 oz jar of Mayonaise for say $4.00 last month.
Now this month, the maynaise has the same look and feel, but … (2 comments)
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Why do we work? - 02/15/08 04:23 PM
My lil' guy was certainly curious about this. Here he is sending out a mortgage update to a few of my clients.
So we got to talking and we came up with a few things:
First of all my lil' guy was curious as to what money really is and why … (3 comments)
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Why do we work? - 02/15/08 04:15 PM
My lil' guy was certainly curious about this. Here he is sending out a mortgage update to a few of my clients.
So we got to talking and we came up with a few things:
First of all my lil' guy was curious as to what money really is and why … (0 comments)
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Advising clients with a higher net worth or a large down payment - Lender Perspective! - 02/13/08 12:56 AM
I have seen many clients in the past year or so moving out of homes that appreciated (& they didn't consume all their equity) who experienced significant gains in real estate (yes they are out there).
The underlying theme for a lot of these people is safety. They feel they should … (2 comments)
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How can Realtors and Lenders play nice in the sandbox? - 02/11/08 11:30 AM
Over the past 14 years I have seen a lot of good and bad things in the nature of the Realtor-Lender realtionship.
Today's post centers on how to improve this somewhat acrimonious relationship for the betterment of all concerned: especially the client in the middle.
From my vantage point as a … (0 comments)
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Another wild ride on Wall Street - Today's mortgage update - 02/07/08 07:12 PM
Today the Fannie Mae 5.50% bond gave up significant ground and as a result mortgage rates climbed dramatically with three re-prices during today's wild ride. I save 2 clients over $6,000 today in mortgage fees by locking ahead of these dramatic price movements.
Atlanta Fed Pres Dennis Lockhart today made an … (4 comments)
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4 Common Misconceptions about Mortgage & Equity - 02/06/08 05:22 PM
Duirng the normal course of my day, I routinely run across people who state these statements with absolute certainty . . . .
When The Fed cuts rates, mortgage rates dropHome equity is a good investment You should pay off your mortgage heading into retirement A 15 yr fixed & prepaying … (2 comments)
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Super/Tidy Bowl Predictions - 02/03/08 01:48 PM
Super Bowl Prediction:
One thing for sure: Giants fans must be so proud of their team. They have gone on the road and have become only one of a handful of teams to reach the super bowl starting as a "wildcard" team and have won 3 straight road games to get into … (1 comments)
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Understanding Fiscal Literacy - 02/02/08 03:10 PM
In my practice, I often discuss sometimes counter intuitive ideas. Often we are taught to pay off our home heading into retirement; I teach my clients to actually get a larger mortgage heading into retirement. So to go from no mortgage to "bigger mortgage" is indeed counter intuitive.
I like to … (4 comments)
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Understanding Fiscal Literacy - 02/02/08 11:40 AM
In my practice, I often discuss sometimes counter intuitive ideas. Often we are taught to pay off our home heading into retirement; I teach my clients to actually get a larger mortgage heading into retirement. So to go from no mortgage to "bigger mortgage" is indeed counter intuitive.
I like to … (0 comments)
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