mortgage rates: Pray Silently or Silently Prey: How Locking In Low Rates Requires Jungle Economics - 03/23/09 01:33 PM
Every time a loan is locked, does it require the same mysterious skills used by a CAT stalking its prey? POUNCE when the moment is perfect. Purely instinctive, no skill required.
Or not?
Who hasn't seen a feline in hunting mode, silently frozen, eyes like lasers, tail twitching?
Suddenly, a guttural noise escapes, and pupils enlarge. Without warning, every muscle springs … (17 comments)
mortgage rates: Has the Mortgage Industry Just Been Overdosed? Pure Pandemonium Ahead? - 02/23/09 11:45 AM
Is Stimulation Just Economic Medicine and Did We Need Such A Big Dose?
So the spigot is in the "ON" position. America, let the "stimulation" begin. President O has prescribed the medicine for our economic maladies, so let's all just swallow and get cured.
But hold on. As anyone knows, swallowing … (56 comments)
mortgage rates: Rates Are Low, I'm Eating Crow (Hey, Lenn...Wanna Bite?) - 01/13/09 07:29 PM
This California (vegetarian) mortgage broker is eating a big helping of CROW today, and what do you know?
It tastes great.
Surely I must have been one of the first to make this declaration early in 2008: What will it matter if rates go to 2% if the house won't … (70 comments)
mortgage rates: 10 Steps To Help You Sleep at Night... Even Though Your ARM Is About to Adjust! - 11/25/08 12:08 PM
If every single person facing a loan adjustment had educated guidance, and a solid course of action for their pending loan adjustment, I believe it would THAW out much of the PANIC causing our current economic freeze.
Ever hear of the "fear of the the unknown?" It is alive and … (6 comments)
mortgage rates: Waiting for the World to Change and Other Refinancing Mistakes - 09/23/08 01:41 PM
We recently caught a rare glimpse of what lies bubbling beneath the surface of this soup we call the MORTGAGE MESS.
They are the SILENT MAJORITY who didn't walk away from their mortgage. They stayed, paid, and prayed.
And guess what? Not only do they WANT to refinance, they just … (19 comments)
mortgage rates: Jumbo Mortgage Madness: Where is the Salvation Promised By Higher Conforming Loan Limits? - 03/26/08 10:08 AM
Way out West in the land of JUMBO MORTGAGES, we don't get a volume discount when we borrow a BIG CHUNK of CHANGE to buy our PRICY real estate. We get a VOLUME PENALTY, and let me tell you, these days that penalty is HUGE. Jumbo money, no matter how you look at it, is ridiculously … (47 comments)
mortgage rates: How to Manage That BIG BAD Equityline (Without Losing Sleep) - 02/01/08 11:13 AM
The word EQUITYLINE has gotten a bum rap lately, just like plenty of other words in the mortgage business. Heck, not to digress, but we've even stopped saying STATED INCOME and instead come up with the more delicate term "reduced documentation". An equityline is most often mentioned referencing the irresponsible homeowners who tapped … (11 comments)
mortgage rates: The Single Most Important Thing When Shopping for a Mortgage (No, It Isn't the RATE) - 11/30/07 10:25 AM
Tomorrow is December, a month dedicated to the great American sport of SHOPPING. Yet even the most confident super-shoppers, the ones who know every angle and tactic to snag the best deals, crumple and hide when it comes to shopping for a mortgage. Either that, or they simply revert to something that gives them … (10 comments)
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