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loan: Mortgage Money is Getting Tougher, Get a Good Professional - 08/09/07 05:04 PM
If you are thinking about getting in the market to buyer or sell a home, DON'T WAIT!  The mortgage side of the business is going through some major changes and it is already becoming harder to buy or sell real estate.  Mortgage money is drying up in several segments of the industry.
If your credit is shaky, getting a mortgage has gotten much harder and possibly impossible in most cases.
For those looking to do 100% financing, you may have already waited too long, unless you have VA (government guaranteed loan) benefits.  Another alternative may be to go FHA (government insured loan), where … (21 comments)

loan: Is the Letter From the Lender any Good? - 04/03/07 01:11 PM
A regular topic in our business is the quality of pre-qual and pre-approval letters from lenders.  This has been a serious issue in several of transactions.  I have gotten to the point that a letter from certain lenders is worthless in my opinion; while others come from true professionals.  I give a sigh of relief when an offer comes in with their letter attached.
Why is there such a difference from one loan officer to another?
Let's look at a few of the issues:
To get a mortgage license in our state you pay a few bucks and you are licensed loan officer.  No … (67 comments)

loan: We Need More Control Over Licensing of Loan Officers - 11/12/06 03:51 PM
As a real estate agent, I have spent a lot of time and money to ensure that I have the best training and knowledge.  The state required me to take as tough exam and get continuing education.  I carry E&O insurance and subscribe to an ethics code.
It is not a perfect system, but it has improved with time.     
Loan officers on the other hand are not held to a set of standards.        
Don't get me wrong, I work with some of the finest people you could ever want to do business with and proudly recommend their services to friends and clients.  … (23 comments)

 
Randy_prothero_2008 Rainmaker_large

Randy L. Prothero - Hawaii REALTOR® (808) 384-5645

Mililani, HI

More about me…

Century 21 Liberty Homes

Address: 95-221 Kipapa Dr., E3, Mililani, HI, 96789

Cell Phone: (808) 384-5645

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