approval strategies: Why You Need A Barf Bag When You Apply For A Mortgage - 07/09/09 10:58 AM
Because I am in the trenches of mortgage madness daily, let me just tell it like it is: Getting a mortgage these days is NOT A PLEASANT THING.
Why is this? Because quite honestly, BANKS ARE NOT A PLEASANT THING.
They are woefully understaffed:"get in line, we'll get to you when we … (20 comments)
approval strategies: HVCC Loan Busters! The "Too High" Appraisal Can Bite You In the Butt, Too - 06/10/09 12:09 PM
They say you can't be too rich and you can't be too thin. But can an appraisal be too high?
I am fighting my first HVCC appraisal issue, so please don't laugh when I tell you my problem: The appraisal is TOO HIGH.
The appraisal came in $65,000 OVER the contract … (26 comments)
approval strategies: Taking Buyers Hostage: The Somalian Pirates Who Have Hijacked the Real Estate Industry - 04/21/09 02:59 PM
"We need to make sure the buyer is qualified before we take the house off the market". Do you think that is real reason banks insist they need to approve your buyer ALL OVER AGAIN?
That would be like the Somalian pirates telling the ship captain they are coming aboard his ship to "inspect his cargo".
"But", … (45 comments)
approval strategies: This Is You. This Is You On Paper (And You Just Got Shredded) - 02/27/09 06:54 PM
Remember the old TV commercial that went like this:
This is your brain. This is your brain on drugs.
For those of you too young to remember this anti-drug TV spot, your brain on drugs is supposed to look like a fried egg on the sidewalk (not so subtle message of "you … (76 comments)
approval strategies: The Hidden Agenda of Banks: Why Mortgage Brokers Will Become Extinct - 02/07/09 10:57 AM
WILL THE LAST MORTGAGE BROKER ON EARTH PLEASE TURN OUT THE LIGHTS?
Will there soon be a day when the last mortgage broker on earth quietly turns out the lights, sadly looks back, then joins the other victims on the growing list of economic extinction?
Are mortgage brokers being squeezed out … (159 comments)
approval strategies: My 2008 Success Story: LOL! I Made A Lot of Loans Happen This Year Because of LOE's - 12/30/08 11:00 AM
Okay, this is MY official ActiveRain success story of 2008.
This year, I closed an amazing amount of loans the rest of the world considered IMPOSSIBLE. Wait. Almost every loan was considered impossible to close in 2008.
But I scaled mountains. I crossed wide rivers. I sat at the closing table … (10 comments)
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
Because I am in the trenches of mortgage madness daily, let me just tell it like it is: Getting a mortgage these days is NOT A PLEASANT THING.
;)
;)
