mortgage: Mortgage Blog Report: Arizona Mortgage Guru - 08/17/07 04:09 PM
Here is a round up of some recent posts on the Arizona Mortgage Guru blog:
Mortgage Market Update: Liquidity Crisis Persists: This is a summary of the recent turmoil afflicting the mortgage industry. This article has some tips for consumers and mortgage brokers on how to best navigate the suddenly unpredictable terrain. Real … (2 comments)
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mortgage: Phoenix Event: Real Estate Blogging Seminar - 08/07/07 11:11 AM
Blogging is really becoming more and more a part of my work. I have been asked to speak at the Real Estate Blogging Seminar sponsored by Grand Canyon Title Company. The event will be held at SEVRAR on August 16th at 3PM. This event is geared towards agents seeking to learn … (1 comments)
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mortgage: Mortgage Blog Report: The Arizona Mortgage Guru - 08/01/07 11:28 AM
As you know I maintain an independent blog as the Arizona Mortgage Guru. For those of you who have not been over there in a few weeks, here is a summary of the recent posts:
Honey, Interest Rates Shrunk the Loan : This is a post which has a really cool chart showing how … (0 comments)
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mortgage: Home Loans in Phoenix, Arizona (AZ) - 07/30/07 11:06 AM
Are you looking for a home loan in Phoenix Arizona?Well you have come to the right place. I am a home loan (mortgage) expert in the Phoenix area with several years experience as a home mortgage lender. I can help you with home loans for the surrounding cities such as, Tempe, Chandler, Gilbert, Scottsdale, Mesa, … (0 comments)
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mortgage: Would You Like a Realtor With That Loan? - 07/24/07 09:31 PM
Jay Thompson recently wrote about a real estate agent doing double duty as a loan officer on the same transaction. It seems to have garnered quite some buzz. I know real estate agents should be very well educated when it comes to home financing, but it would be hard to wear … (5 comments)
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mortgage: Obtaining a mortgage despite dealing primarily in cash - 06/15/07 04:03 PM
It’s hard for me to believe sometimes but there are plenty of people who still deal primarily in cash. There is nothing wrong with this and often times such an approach can save you from much heartache. However, when you need to make a large purchase like a home things can … (1 comments)
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mortgage: Changes to credit scoring model - 06/05/07 01:01 PM
Fair Isaac announced some rule changes today. They announced that they will ignore authorized-user credit card accounts when calculating credit scores. Under the old rules if you had poor credit you could sign up to be an authorized user to a credit card in good standing. This could be your … (8 comments)
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mortgage: Mortgage Mechanics Part 1 of 10: Acronyms that affect life - 05/24/07 07:30 PM
Most homebuyers make their purchase decision based on the monthly mortgage payment. For many this is where the rubber meets the road if you will. For lenders too, monthly payment is very important. They use this amount to calculate the important Debt-to-Income ratio (DTI). Stocks have P/E ratios and mathematics has … (1 comments)
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mortgage: Should buyers pay their own agents? - 05/21/07 08:47 PM
Jim Duncan solicits some debate on Cooperative Compensation, where the seller's agent pays the buyers agent in a purchase transaction. Greg Swan (Bloodhoundrealty) wants the lenders to take the lead instead of a more legislative approach.
Here is part of what Jim says:
As a profession, we need to rid ourselves of Cooperative Compensation … (3 comments)
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mortgage: Lender in Gilbert, Arizona (AZ) - 05/08/07 01:47 PM
Are you looking for a lender in Gilbert, Arizona (AZ)? Well you have come to the right place. I am a home loan (mortgage) expert in the Gilbert area with several years experience as a home mortgage lender. I can also help those in the Greater Phoenix area such as … (0 comments)
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mortgage: Lender in Scottsdale, Arizona (AZ) - 05/08/07 01:39 PM
Are you looking for a lender in Scottsdale, Arizona (AZ)? Well you have come to the right place. I am a home loan (mortgage) expert in the Scottsdale area with several years experience as a home mortgage lender. I can also help those in the Greater Phoenix area such as … (0 comments)
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mortgage: Lender in Tempe, Arizona (AZ) - 05/03/07 12:22 PM
Are you looking for a lender in Tempe, Arizona (AZ)? Well you have come to the right place. I am a home loan (mortgage) expert in the Tempe area with several years experience as a home mortgage lender. I can also help those in the Greater Phoenix area such as Scottsdale, … (0 comments)
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mortgage: Does pulling credit hurt your score? Learn the truth! - 05/01/07 12:30 PM
I often speak with potential borrowers who do not want their credit pulled because they fear the inquiry might ruin their credit. There have been many instances where the Realtor has coached the buyer to not have their credit pulled. The mortgage application process essentially starts with pulling credit on the potential borrower. … (14 comments)
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mortgage: Mortgage Lender: Broker or Banker? - 04/19/07 02:15 PM
"I am looking for a mortgage lender in Phoenix" said the prospect over the phone. He was referred by a friend and I had been expecting his call all week. He said they were moving to the Phoenix area from the Midwest. We started talking about the type of loan he … (2 comments)
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mortgage: Home Loan Expert in Arizona - 04/16/07 01:55 PM
We are home loan experts serving the Greater Phoenix area and are available to help you with the most important financial decision of your life. This site is here to help you make an informed, educated and financially sound decision regarding your mortgage loan. Whether you are a first time home … (0 comments)
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mortgage: FHA Kiddie Condo Program and College Tuition - 04/12/07 02:12 PM
As we approach the end of the school year a good way to gain some buyers is to talk to parents with children going to college. Talk to them about the FHA Kiddie Condo Program. This is where the child can own a condo near campus, charge roommates rent, and potentially … (4 comments)
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mortgage: Home Equity Management - 04/07/07 04:01 PM
"Using the equity in your to generate wealth". This has been a popular topic within mortgage circles the past few years. Spurred by the popular book "Missed Fortune 101" by Douglas Andrew many mortgage professionals are advising their clients on how to best manage the equity in their homes.
In addition to reading … (2 comments)
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mortgage: Revisiting the FHA loan - 04/04/07 08:45 PM
Now that subprime lenders are pulling back dramatically it is time to re-visit FHA loans. As recently as seven years ago (2000) FHA accounted for 14% of the mortgage market. This market share had dropped to below 3% by 2005. I do not have the numbers for 2006 but I am … (4 comments)
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mortgage: Pre-qual vs. pre-approval - know the difference! - 04/03/07 02:11 PM
I run Mortgage Education classes in the Phoenix area for real estate agents. Newer agents in my class usually ask me the difference between a pre-qual and a pre-approval. I recently saw this post by Randy L. Prothero and I was going to comment on it before I realized I really want … (5 comments)
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mortgage: Do you stop making payments if your lender goes bankrupt? - 04/03/07 11:35 AM
Since New Financial Corp, the nations second largest subprime lender is officially in bankruptcy protection I am reminded of a question a friend had asked me a few weeks ago. He wanted to know if he would own his home outright if his lender went out of business. It was a … (8 comments)
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