lender: Commit to It! - 07/25/08 03:32 PM
To all you Realtors out there, I can't emphasize enough the importance of giving your lender sufficient time to make the loan happen for your client. Everything takes longer to get accomplished today, so time is the real commodity here. The inspections for homes purchased with government loans takes longer, as … (0 comments)
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lender: Typically Required FHA/VA Loan Documents - 07/25/08 12:09 PM
The following is a checklist outlining the commonly required documents for an FHA/VA loan. The items in bold are most commonly required for conventional loans.(1)Last 2 years W-2's.(2)Last 30 day period of pay stubs.(3)Last 2 years Federal 1040's (all pages) for borrowers who are self-employed, as sole-proprietor, own 25% or more … (0 comments)
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lender: Thurston Flower Garden #3 and last - 07/25/08 01:39 AM
In a recent post, I said I would post one more of my pictures of my wife's flower garden. I don't have nearly as many flowers this year as previously because my wife isn't here to plant them. I am doing my best to keep things growing though and keep the … (2 comments)
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lender: Third party simultaneous close on a short sale - 07/24/08 02:51 PM
Have any of you been involved or heard about doing a third party simultaneous close on a short sale?
I was contacted today by an investor who has the following business plan:
1. Find potential short sale sellers2. Investor writes a low offer to be submitted to the lender(s) along with the … (3 comments)
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lender: Guarantee Your Net Sheets? - 07/24/08 01:51 PM
Can you guarantee your net sheets? With all we do as buyer's agents, do we stand up for that "bottom line" presented at the signing appointment. This is our real job, watching that dollar as if were our own. Two tips on having the courage to quarantee the net sheet:
First, within 72 hours … (3 comments)
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lender: How to Answer those Credit Questions? - 07/24/08 10:50 AM
I try to be the expert at real estate. What my lender has given me to use and has worked well is:" I'm pretty sure I can answer that but why don't you go talk with XXXXX she's an expert in loans and can answer all you questions." I also explain … (2 comments)
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lender: How many mortgage lenders are gone! - 07/24/08 09:58 AM
267 Imploded* Lenders since late 2006:
267. Wachovia Mortgage, FSB - Wholesale266. Lehman Brothers SBF265. IndyMac Bancorp264. Mortgages Ltd.263. Wilmington Finance - Wholesale262. Accredited Home Lenders, Home Funds Direct261. Assured Lending Corp. - Wholesale260. Homewide Lending Corporation259. Vanguard Mortgage & Title, Inc.258. Chase Home Equity - Wholesale257. Chase Subprime - Wholesale256. … (5 comments)
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lender: How to Read and Understand you Credit Report - 07/24/08 12:49 AM
Our In-House lender is having a class on Credit. Its a great way to educate your clients and also keep in contact with them. If you don't have an In-house lender pick one you are fimillar with and see if they will put on a class. I included an email from … (3 comments)
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lender: Being Consistent - 07/23/08 08:17 PM
Consistency and practicing your core fundamentals is a strong trait to have.
Many times especially in this business professionals tend to become cumbersome in following through a complete transaction process and tend to find shortcuts or alternatives in doing their job.
I have had recently came across golden opportunities … (6 comments)
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lender: NC Home Mortgage Loan Lender - 07/21/08 09:49 PM
As a NC Home Mortgage Loan Lender we are offering a variety of home loan programs with various lenders. FHA mortgage loans are one of the top mortgage products that our clients ask for. Please visit our FHA mortgage section. We are also having a lot of VA loan applications from Veterans looking to take advantage of the … (0 comments)
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lender: Closing Delays! Who's At Fault? - 07/20/08 10:41 AM
Have you ever had delays to closing that put your transaction in jeopardy? If so, who was at fault? Who delayed the closing and why?
Here are other questions that may be raised in this dilemma:
Did the buyer fail to submit data on a timely manner?
Did the lender fail … (6 comments)
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lender: Short Sales , Are they Good for the Lender or the Homeowner? - 07/19/08 02:47 PM
Short sale (real estate)
In real estate, a short sale is when a bank or mortgage lender agrees to discount a loan balance due to an economic hardship on the part of the mortgagor. The home owner/debtor sells the mortgaged property for less than the outstanding balance of the loan, … (0 comments)
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lender: We are Looking for DIRECT Commercial Lenders - No Brokers Please! - 07/17/08 03:29 PM
_____________________________________________________________________________________________________
COMMERCIAL FEDLENDERS NEEDED!
WE NEED YOU TO CLOSE MORE DEALS!
Federal Funding, the creator of the 100% LTV financing program with DPA is expanding its network of participating FedLenders. We are seeking lenders of all types who can provide conventional loans, hard money loans and business loans to … (0 comments)
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lender: New easy way to get leads in your pipleline!!! - 07/16/08 10:59 PM
… (3 comments)
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lender: What's Your Calling? - 07/16/08 10:22 PM
Amazing, as terrible as our market is, who would have thought that when times are slow I'd be so much busier than when I was closing 50 loans a month.....
Running around town to all the different functions, luncheons, chamber events and networkers!!! Lunch meetings, morning coffee meetings... I love it. The … (3 comments)
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lender: Back when Men were Men and sheep were scared. - 07/16/08 11:58 AM
In the "old days" before the time of the internet and the invention of the microchip, people actually had to learn a few of life's lessons the hard way. The first lesson I learned was that no matter how painful you must own up to your own mistakes and shoulder the … (1 comments)
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lender: Indymac - an insiders view - 07/16/08 11:43 AM
After the most painful year of my 24 year mortgage banking career, I can now report that I am officially an employee of the Federal Government. As everyone knows, last Friday the Office of Thrif Supervision put Indymac Bank into receivership and tranfered most of the assets to a new company, … (3 comments)
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lender: 7 Realities of Commercial Lending - 07/15/08 11:25 PM
7 Realities of Commercial Lending
1) Nothing is set in stone! Although commercial loans are based on the statistical mathematical equations that deal with whether or not the client will be able to consistently make his mortgage payment. It is also based on how the lender feels about the project. What … (4 comments)
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lender: The little closing that could..... - 07/15/08 03:40 PM
Well, it has been several days since my last post, and I will admit that the withdrawals have been horrrrribbbbbleeee. However, I have legitimate reason why I have not been spilling the knowledge from forth my mind. It is called a closing. Yes, almost all of us have had one of … (0 comments)
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lender: Las Vegas condos slow to close - 07/13/08 05:46 PM
Southern Nevada hardly had any condominium market just a few short years ago. Especially the high-rise component was pretty much non-existent, save the Regency at Las Vegas Country Club. Then the Turnberry Place was built and it proved hugely successful and things sort of got fired up from there. Over time … (6 comments)
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lender: How can you tell when we're near the bottom? Lender reveals secret when we'll know! - 07/11/08 05:21 PM
...Watch the people with all the info and most of the money.
I'd be willing to bet that one of the most common questions you hear from your clients, friends, family, and people you meet is "So when is this market going to turn around?" What do you tell them? … (0 comments)
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lender: Open letter from Valucent Corp. to Mortgage Professionals... - 07/11/08 02:25 PM
Dear Mortgage Professional,
Thank you for joining me on Active-Rain. Please allow me the opportunity to introduce myself and my company. My name is Brian Locke and I am President of Valucent Corp. We encourage you to visit us on the web at www.valucent.com.
Valucent Corp. is a full service national real estate … (0 comments)
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lender: Interviewing Loan Officers and Originators - 07/10/08 02:51 PM
I am actively hiring loan professionals with 2+ years experience in VA, NC, SC and DC.
If you know someone looking for a work from home/on the road position please pass along my contact information. We have some great benefits, pay structures and 1400+ programs to help expand business in a … (1 comments)
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lender: Mortgage ADVICE VIDEO , CREDIT REPORTS, BUYERS AND SELLERS - 07/09/08 08:43 PM
VIDEO Mortgage Moment > Credit REPORTS
FOR more information on this topic or others related to MORTGAGES , BUYERS AND SELLERS please check out my wesbite www.SanDiegoRealtyUpdate.com
… (0 comments)
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lender: Before Foreclosure - 07/09/08 04:24 PM
Don't let foreclosure be your lender's last step!
There is a lot of information out there on foreclosures. We are adding our suggestions too.
Life has become very complicated these days. One casualty is losing your home. There are a number of reasons that many are facing foreclosure such as:
• Going … (0 comments)
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lender: Then My Doctor Totally Freaked Out And Scared Me To Death - 07/08/08 04:47 PM
What would you do if your Doctor came in and started freaking out because of your test results? What if he made you incredibly nervous about your diagnosis? Would it concern you? You bet it would!
That is why it is incredibly important that you, as a Realtor, remain calm in … (0 comments)
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lender: Mortgage Services With Dayna Sullivan - 07/07/08 03:11 PM
I am providing this forum for any consumers who have questions about getting a mortgage, refinancing a mortgage, debt consolidation, cash-out refinance. ASk your questions here and I will respond.
We are currently lending in all 50 states. My expertise is in TX, NY, NJ, and CT.
… (7 comments)
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lender: Better Credit, Better Loan - 07/07/08 01:56 PM
Do you know your Credit Score?
In short, the better your credit score, the more loan options you will have to choose from.
•· know your score
•· take steps to maintain good credit .
What Determines you Credit Score?
•· Your history of how you handle credit obligations (credit … (0 comments)
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lender: The better your credit score, the more loan options - 07/07/08 01:33 PM
What is all this about Credit Scores??
In short, the better your credit score, the more loan options you will have to choose from.
•· know your score
•· take steps to maintain good credit .
What Determines you Credit Score?
•· Your history of how you handle credit obligations (credit … (0 comments)
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lender: The American Housing Rescue and Foreclosure Prevention Act - 07/06/08 06:29 PM
I almost didn't post this here, but did remember saying in my last post, that there would be a follow-up. So with that said, if you enjoy what I have to say here, please visit me for future updates at Marc's Corner.
Welcome back to Marc’s Corner –
As I’d mentioned … (8 comments)
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lender: MARYLAND FIRST TIME HOME BUYER WORKSHOP - FREE CREDIT ANALYSIS - AUGUST 2ND 2008 - 07/04/08 08:01 PM
SELLING SOON?
If you are considering listing and selling your Baltimore County or Harford County Maryland real estate, I can provide a FREE HOME EVALUATION REPORT also known as a Comparative Market Analysis Report (CMA). The report will detail all of the Baltimore County or Harford County homes comparable to yours that have recently SOLD … (1 comments)
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lender: Lender Numbers After Disaster Strikes - 07/04/08 03:58 PM
There have been a lot of disasters lately so here are some numbers to help. Take pictures of your home TODAY BEFORE disaster strikes. Especially if you've added a brand new railing on your deck or anything expensive that you think your insurance would cover. Call your insurance agent and update … (1 comments)
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lender: FORBS MAGAZINE artice top REAL ESTATE DEALS # 4 is SAN DIEGO - 07/04/08 03:22 PM
San Diego #4
Hello ALL
I thought ID share this article wiht everyone interested in SAN DIEGO Real Estate
$799,000 This three-story townhome in a subdivision five minutes from downtown is already discounted from $869,000 - and would have fetched $900,000 at the height of the boom. Deals abound on … (0 comments)
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lender: San Diego REAL ESTATE NEWS HOME BUYERS Mission HILLS / Sellers www.SanDiegoREaltyUpdate.com - 07/04/08 01:07 AM
Please watch my 1 MINUTE VIDEO
FOr PROPERTY INFO
… (0 comments)
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lender: Real Estate News FOR San Diego NORTH PARK - 07/04/08 01:04 AM
Please watch my 1 MINUTE VIDEO
FOr PROPERTY INFO
FOR the full picture and THE MOST UP To date info ABOUT SAN DIEGO and NATIONAL Real Estate PLEASE VISIT my website … (0 comments)
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lender: Attention all BUYERS! SAN DIEGO! - 07/04/08 12:58 AM
SAN DIEGO REAL ESTATE NEWS
www.SanDiegoRealtyUpdate.com
Please watch my 1 MINUTE VIDEO
FOr PROPERTY INFO
… (0 comments)
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lender: Zero down financing - 07/02/08 09:35 AM
Do you think the 0 down financing is gone? Well think again. We thankfully still have a couple of avenues left to get propsects through the financing process with little or no assets. The folks with good credit still have the option of a first and second lien while those with … (1 comments)
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lender: Minor Detail? Major Problem! Minor Address Error Creates Havoc - 07/02/08 09:21 AM
Little things can be such a big difference! In the conclusion of a recent deal, we found a lender had added "SW" to a street address on all of their paperwork. Don't know why but there it was. Every document from the lender.
Well, it turns out that "changed address" was a … (2 comments)
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lender: Quick Tips for Getting Started on Your Indiana Refinance - 07/01/08 03:07 PM
Quick Tips for Getting Started on Your Refinance
When you refinance your existing mortgage, you are essentially paying off the existing mortgage debt and replacing it with a new loan. Many of the same costs are involved in refinancing a loan as are in first-time financing.
To start with, the lender … (0 comments)
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lender: Puyallup Condo Market Report - June 2008 - 07/01/08 01:21 PM
June 2008
The Puyallup condo market looks to be making a shift in the seller's direction in the month of June. Pending sales and closed sales were up in June compared to May 2008. There are many condo projects around Puyallup that are providing incentives for buyers to make a move.
… (0 comments)
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lender: Interest Rates - When is the best time to lock? - 07/01/08 12:11 PM
When it comes to mortgage loans and interest rates, it's never a good idea to gamble. That's why I typically advise my clients to lock in an interest rate at the earliest opportunity. This is just one step of the standardized system we have put in place to ensure the best … (0 comments)
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lender: If you are in trouble, contact your lender -- If you can. - 06/30/08 03:33 PM
Having trouble making your mortgage payments on time? Trying to work out a deal with your lender but having difficulty finding out just who that is?
In a recent item for MSNBC, John Schoen, covered some of the pitfalls of finding out who owns your mortgage and what to do about … (0 comments)
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lender: Commercial Finance Programs - 06/30/08 02:49 PM
Leverage Remington's Expertise and Market Knowledge to Make Your Project a Success
Remington's expert Advisory Services help clients carefully evaluate and restructure transactions that may have existing financing challenges. Our team develops advanced strategies to create new and alternative financing opportunities that can help supplement or replace conventional lending sources.
By … (0 comments)
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lender: Keep The Cart Behind The Horse! - 06/30/08 10:38 AM
It's probably no surprise that nearly all buyers require financing for their home purchase. The real challenge is not so much in getting the loan as it is in finding the loan that's right for you.
The time to start your loan search is before you begin looking at homes. After … (0 comments)
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lender: Real estate rip-offs on the move - 06/29/08 10:10 PM
The housing and mortgage markets are having a less than robust time these days and that is like an invitation to scam artists who know a thing or two about the real estate business. They generally go for the homeowners struggling with their finances, in other words the ones who are … (12 comments)
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lender: San Diego HILLCREST AREA , looking for a great place to live? - 06/28/08 08:57 PM
… (0 comments)
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lender: Buyers agent SELLERS AGENT San Diego , CA ROY MASON www.SanDiegoRealtyUpdate.com - 06/28/08 08:19 PM
… (0 comments)
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lender: Realtor and Loan officer ROY MASON in SAN DIEGO /HILLCREST AREA buyers agent sellers agent. San Diego ,CA,HILLCREST,ROY MASON,www.SanDiegoRealtyUpdate.com - 06/28/08 07:31 PM
Buyers agent
SELLERS AGENT ASK about my low listing fee
LOAN OFFICER Specializing in No Points No origination Fee loans , whole sale rates for my Real estate Clients and for other Realtors borrowers !
Short Sales, BANK OWNED PROPERTIES let me help find your next home,
Please watch my … (1 comments)
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lender: SAN DIEGO REALTOR ROY MASON www.SanDiegoRealtyUPdate.com VIDEO - 06/28/08 06:39 PM
<object width="425" height="344"><param name="movie" value="http://www.youtube.com/v/PtHzos2LC8k&hl=en"></param><embed src="http://www.youtube.com/v/PtHzos2LC8k&hl=en" type="application/x-shockwave-flash" width="425" height="344"></embed></object>
IF you are unable to VIEW the video, go to www.SanDiegoRealtyUpdate.com
Please take a moment to watch this one minute video that talks about my service here in the San Diego AREA. REALTOR and Loan officer
REALTY SPECIALISTS and Mortgage … (0 comments)
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lender: BPO Horror Story - 06/27/08 08:23 PM
The lender ordered the third Broker Price Opinion (BPO). We are really close to closing on a short sale that has been under contract for the L-O-N-G-E-S-T time. We're talking Guinness Book of World Records. The lender called an agent that had an offer on the property. There were a few … (4 comments)
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lender: Mortgage Shopping - 06/27/08 12:16 PM
HERE'S THE INSIDE SCOOP ON HOW TO DO IT RIGHT!First: make sure you are working with an experienced, professional loan officer. The largest financial transaction of your life is far too important to place into the hands of someone who is not capable of advising you properly and troubleshooting the issues … (0 comments)
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lender: Countrywide faces more challenges - 06/27/08 12:19 AM
The one-time king of the hill of mortgage lending is now being continuously hounded by lawsuits from just about all corners of the spectrum. Company shareholders, employees and borrowers have already filed a pile of legal action against it and to make matters worse several states just now decided to join … (20 comments)
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lender: Common First Time Buyer Mistakes - 06/25/08 12:40 PM
5 Common First-Time Home Buyer Mistakes1. They don't ask enough questions of their lender and end up missing out on the best deal.2. They don't act quickly enough to make a decision and someone else buys the house. 3. They don't find the right agent who's willing to help them through … (0 comments)
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lender: Home Buyer Night - 06/24/08 10:25 AM
With all the available inventory and the lower home prices, more and more people are eligible to buy homes. On July 15th, along with a morgage lender from First Capitol, I am having an information night for home buyers. Since there are so many important issues when buying a home, it is … (1 comments)
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lender: IT TAKES MONEY TO SAVE MONEY! - 06/24/08 01:39 AM
IT TAKES MONEY TO SAVE MONEY!
Okay, you've found the home of your dreams. You've determined how much you can afford because you've already been pre-approved by your lender, and your offer has been accepted. But wait. If you're financing the purchase, like almost everyone does, you'll actually be paying … (0 comments)
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lender: Mortgage Forgiveness Debt Relief Act of 2007 - 06/23/08 07:55 PM
http://www.irs.gov/individuals/article/0,,id=179414,00.html
The IRS gives answers to the most commonly asked questions regarding the Mortgage Forgiveness Debt Relief Act of 2007.
What is the Mortgage Forgiveness Debt Relief Act of 2007?The Mortgage Forgiveness Debt Relief Act of 2007 was enacted on December 20, 2007 (see News Release IR-2008-17). Generally, … (0 comments)
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lender: Buying foreclosures the prudent way - 06/22/08 01:08 PM
Las Vegas real estate market is bursting with bank REOs, real estate owned in industry talk, and many of these are listed at prices that were unthinkable just a few months ago. Single-family houses, condominiums, townhomes, they all are represented in this one large housing bazaar teeming with activity in our desert … (4 comments)
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lender: Lafayette & West Lafayette Indiana - Ask me about FHA Mortgage Programs! - 06/19/08 02:58 PM
Mortgage financing sponsored by the Federal Housing Administration (FHA) can make home ownership affordable for you!
One misconception is that FHA loans are only for first time homebuyers - THEY'RE FOR EVERYONE! PURCHASE OR REFINANCE!
FHA Loans feature plenty of flexibility, including:
Low down payments of 3%
The option to utilize … (0 comments)
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lender: Tippecanoe Mortgage, The #1 FHA Lender in Tippecanoe County, Lafayette Indiana - 06/19/08 02:44 PM
SERVICES:Here are a few services that you're Loan Specialist can perform to simplify the mortgage process:
Personal attention to service
Free, same day loan pre-approval by phone, appointment, or online
Competitive interest rates and fees
Pre-approval certificate to position you as a "cash" buyer, strengthening your negotiating power
Appointments 7 … (0 comments)
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lender: Senate housing bill on mortgage industry draws fire - 06/18/08 12:02 AM
U.S. Senate has been working for a long time on a wide-ranging housing legislation that should spell a lot of relief to the battered mortgage industry. Their intentions are certainly sincere, but sometimes they just get too eager to find solutions, hoping to fix everything in a matter of months. Which … (6 comments)
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lender: San Diego REO Listing Broker / Agent ~Whissel Realty ~ www.REOListingBroker.com - 06/16/08 10:22 PM
San Diego REO Listing Broker / Agent ~Whissel Realty ~ www.REOListingBroker.com
Kyle Whissel and the Whissel Realty team recently launched www.REOListingBroker.com. This site was designed to provide Lenders and Asset Managers with information about Whissel Realty, the services they provide, cities & zip codes covered and the top companies they currently provide services for.
If you … (0 comments)
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lender: Commercial financing. From gas station to hotels. unusualcommercialoans.com - 06/15/08 03:59 PM
Gas station financing made simple. Not all lenders are equal for over 15 years we have done nothing but commercial financing. Stop wasting time and allow us to help you with your unusual or hard to do commercial loans.
All credit levles
Vacancy and cash flow issues ok
We do loans … (0 comments)
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lender: Preparing Short Sale Package Template - 06/14/08 12:40 AM
There are so many short sales today that they now consist most of my business, both at the listing and selling side.
Educating clients is a priority. It is an absolute must to set expectations. Since short sale listings take a lot more energy and time than regular listings, I wanted … (2 comments)
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lender: 5 Things to Know About Title Insurance - 06/13/08 01:54 PM
5 Things to Know About Title Insurance
*Realtor.org
Title insurance protects the holder from any losses sustained from defects in the title. It's required by most mortgage lenders. Here are five other things you should know about title insurance.
1. It protects your ownership right to your home, both from fraudulent … (3 comments)
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lender: The Heaviest Phone in the World - 06/12/08 03:56 PM
It's so easy to get distracted by one thing or another and not make those outbound calls to your sphere of influence, reminding them that you work by referral and for them to keep you in mind.
They are not in fact difficult calls, but I often treat them as if … (3 comments)
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lender: Buyers with cash cant get a loan... - 06/12/08 12:58 PM
We've recently run into situations with buyers that I'd never have predicted 2 years ago: Buyers looking for houses in the Dallas area with over 30% cash to put down and good credit have been unable to get a loan. In one case, the buyer is self employed, and in the … (6 comments)
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lender: Do's & Don'ts of the Mortgage Process - 06/11/08 11:29 AM
DON'T APPLY FOR NEW CREDIT OF ANY KIND
If you receive invitations to apply for new lines of credit, don't respond. If you do, that company will pull your credit report and this will have an adverse effect on your credit. Likewise, don't establish new lines of credit for furniture, appliances, … (1 comments)
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lender: What to do when a divorce occurs.... - 06/11/08 09:49 AM
When a couple decides to divorce, the stress of dealing with financial issues can be overwhelming. As a result, people will often seek expert advice to educate them on their different options. At Beach Community Mortgage, we specialize in helping individuals learn more about what choices they have regarding the issues … (2 comments)
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lender: What is your best rate? - 06/11/08 09:43 AM
“What is your best rate?”
This is the most common question I hear. Most consumers believe that is you get the absolute lowest rate; they have automatically gotten the best possible deal. This is not always the case.
There are a couple of things that go through my mind when I … (1 comments)
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lender: M-I-D-E-A-L: "M is for Motivated (sellers, that is) - 06/08/08 09:06 PM
Just to recap, the old mnemonic I-D-E-A-L spells out the 5 reasons why real estate is a great investment, and we covered each of them briefly in the previous blogs.
We also added M for Motivated (sellers, that is), as a sixth reason real estate makes a dandy investment vehicle, making the full mnemonic … (0 comments)
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lender: IN search of financing no points no origination fees? Lowest rates? CHECK THIS OUT - 06/05/08 03:32 PM
CHECK OUT THIS 1 MINUTE VIDIO!
http://vid.realtytimes.com/Agents/RoyMason2.wmv
858-752-3523 ROY MASON / LOAN OFFICER AND REALTOR
… (0 comments)
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lender: Mortgage lender REO count still growing - 06/04/08 04:25 PM
Recent statistics, especially on sales numbers, have instilled some optimism among consumers that the distressed real estate market is about to bottom out in many areas of the country. Maybe it is and that would be a welcome boost for the industry, and also for the beleaguered mortgage lending community. On … (10 comments)
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lender: Please Welcome ERIC MURRIETTA to Active Rain - 06/03/08 11:36 AM
Please take the time to welcome Eric Murrietta to Active Rain. Eric is a Mortgage Loan Originator with Silver State Bank in Scottsdale, Arizona. He assists clients throughout the valley and specializes in residential construction and lot lending, FHA, VA and Conventional loans. I have been working with Eric for a while and he always takes great care of … (14 comments)
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lender: More mistakes agents make when selling income property - 06/02/08 08:47 PM
The biggest thing is the most investors are not really sophisticated. And, unless they have a professional propety manager (and that isn't always the case), it is very difficult to get the documents you need to property analyze a property. One of the mistakes is to wait until the seller provides … (1 comments)
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lender: Home Buying and Clean Credit - 06/02/08 11:07 AM
Many homebuyers often wonder if shopping for a home loan will affect their credit each time a lender pulls their credit report.
It's a logical question and the answer is no, but the credit checks need to be done in a short period of time for your credit not to be … (2 comments)
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lender: 7 Steps to a 720 Credit Score President Philip X. Tirone joins Bruce Norris on the TNG Radio, Part 2 - 05/30/08 12:04 PM
Bruce Norris is joined once again by president of 7 Steps to a 720 Credit Score and The Mortgage Equity Group, Philip Tirone. Bruce and Philip discuss how detrimental it is to be surrounded by comps dominated by short sales or foreclosures, how using recent sales in the current market … (3 comments)
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lender: 7 Steps to a 720 Credit Score President Philip X. Tirone joins Bruce Norris on the TNG Radio, Part 1 - 05/30/08 12:02 PM
Bruce Norris is joined this week by president of 7 Steps to a 720 Credit Score and The Mortgage Equity Group, Philip Tirone. Bruce and Philip discuss when Philip first got in the lending business, what was required of borrowers in the late 90s, what types of loans were available, … (0 comments)
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lender: Mortgage lenders facing another obstacle - 05/29/08 12:41 AM
The home loan industry has been dealing with all sorts of problems lately, from a soaring heap of foreclosures to a stagnant real estate market that makes meeting monthly revenue projections difficult. Many companies have been forced to close their doors and a host of others still operating are barely hanging … (8 comments)
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lender: The Often Bumpy Road to Home Ownership: Short Sales, Foreclosures, and REOs and why it doesn't have to be that way - 05/28/08 11:27 PM
The Often Bumpy Road to Home Ownership:Short Sales, Foreclosures, and REOs, and why it doesn't have to be that way
Today's real estate market is a vastly different landscape than it was a mere two years ago. As we have seen, credit has tightened and a flood of short sales, foreclosures, … (0 comments)
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lender: NEW Lender Pls.! - 05/28/08 11:08 AM
Where do you find a decent lender in this town? I have a deal going on and the lender, who by the way has missed 3 (THREE) settlement dates, disappears! This is a guy who I have spent the last 8 months working with and has done this before so I … (4 comments)
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lender: How Much Money Should You Borrow? - 05/27/08 10:56 PM
While it might be tempting to borrow whatever amount of money your lender is willing to give you, it's important to think carefully about how much you'll actually need to borrow in order to purchase a new home. From the down payment to taxes to insurance and interest rates, there are … (0 comments)
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lender: Moving in the Right Direction - 05/27/08 05:28 PM
When I first started real estate some years ago (like 1979!) I was taught some very basic premises, that I use to this day. When I side step or try to bend my rules - there is usually trouble. I know I have a great committed client, when they follow the necessary steps to … (3 comments)
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lender: Mortgage Information - 05/27/08 04:28 PM
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lender: Las Vegas condo-hotel market cooling - 05/25/08 04:19 PM
Condominiums that can be doubling as hotel rooms was introduced a few years ago as a new concept to Southern Nevada, likely migrating here from Florida where it had already seen quite a bit of success. Vegas being such a hot-spot tourist magnet world over proved to be a fertile ground … (6 comments)
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lender: Is An FHA Loan Right For Purchasing an REO Property In The Sunland – Tujunga Area? - 05/24/08 04:32 PM
There is am over-abundance or REO Real Estate for sale in the Sunland – Tujunga area as well as most of Los Angeles County and even more when you look east to the Inland Empire, in areas such as the Hemet – San Jacinto Valley.
Today, nearly every REO … (0 comments)
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lender: Introducing a New Member of Jeremy Williams’ of Keller Williams Realty NE Real Estate Team | David Clark with Elk Financial - 05/24/08 10:53 AM
Introducing a New Member of Jeremy Williams' of Keller Williams Realty NE Real Estate Team | David Clark with Elk Financial
My name is David Clark & I have been a mortgage consultant going on 10 years. I realize that each customer has specific needs. So I strive to meet … (1 comments)
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lender: 62 and Over Qualifies for a Reverse Mortgage in Detroit, Michigan (MI) - 05/23/08 08:58 AM
Now seniors can Live Rent Free for the rest of their life, pay off debt and live in their own home. Seniors in Michigan in Foreclosure may find themselves owning a home with negative net worth one minute, and then owning a home with no payment and 48% equity the next. … (1 comments)
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lender: Do you have an ARM? Is your time up? - 05/22/08 02:39 PM
It was a great choice for many people years ago, the Adjustable Rate Mortgage (ARM) loan seemed to be a great choice...Our optimistic approach told us to do so, "anyways in 3 years, when the rate increase, we will be in better financial conditions and refinancing would be an option"... Does this sound familiar? I've … (4 comments)
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lender: Mortgae Money to Loan - 05/22/08 08:10 AM
Do you need mortgage money? Are you having a hard time getting quakified, or gtting a client qualified?
Contact me and let me see if I can help.
Many programs are available.
online application available
Get your quote today at: http://ck2457.wlgweb.com/lending/
Lou FarrisLicensed Mortgage BrokerGlobal Equity Lending Inc.
720.255.7148 direct
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lender: What does a deed in lieu of foreclosure mean mean in Florida? - 05/20/08 10:27 PM
If you have incurred a long term financial hardship and your house has been on the market (at fair market value) for at least 60-90 days, you may be eligible for a deed-in lieu of foreclosure. To be considered for this option, you must complete a financial package and provide a … (1 comments)
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lender: Central Florida Appraisals Property Valuations - 05/20/08 12:33 PM
Property appraising historically has taken three approaches: 1. The Cost Approach2. The Sales Comparison Approach3. The Income Capitalization ApproachMotivations for acquiring an appraisal are to obtain financing when buying property, determine the appropriate price when selling, to gauge the amount of tax one should pay based on valuation, and as an … (0 comments)
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lender: Rural America - 05/19/08 03:56 PM
This weekend I took a roadtrip from Portland to Northern Idaho as a chaparone a choral competition for my daughters school. As I drove for hour upon hour through the Columbia Gorge and Palouse hills of Washington, it occurred to me that there were probabally millions of acres of land that had very little … (0 comments)
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lender: Fannie Mae to drop previous guideline - 05/18/08 12:06 PM
Fannie Mae is one of the two gigantic GSEs, or Government Sponsored Enterprises, that helps the nation's housing business by buying mortgages on the secondary market. By doing so it adds liquidity to the banking system and enables lenders to make more home loans. The guidelines for the loans it purchases … (12 comments)
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lender: Wells Fargo Joins ChicagoLand Foreclosure Tours As Exclusive Lender - 05/15/08 11:10 PM
From ChicagoLand Foreclosure Tour Blog:
We are proud to announce that Wells Fargo Home Mortgage® has agreed to join ChicagoLand Foreclosure Tours as our Exclusive Lending Partner, with Dale Noble as our Home Mortgage Consultant.
About Wells FargoWorking with Wells Fargo for your home financing means you're working with one of … (0 comments)
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lender: Remington Financial Group - New Programs - 05/15/08 09:55 AM
Leverage Remington's Expertise and Market Knowledge to Make Your Project a Success
Remington's expert Advisory Services help clients carefully evaluate and restructure transactions that may have existing financing challenges. Our team develops advanced strategies to create new and alternative financing opportunities that can help supplement or replace conventional lending sources.
By … (0 comments)
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lender: When am I Happy to Not List a Home? - 05/15/08 07:26 AM
Here's a quick note to let you know how I can help you or anyone you might refer to me.
Recently a client called me with a problem. Rob had owned his townhouse for two years but the person sharing his monthly expenses had moved out. He decided to sell … (5 comments)
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lender: Buying a Hemet – San Jacinto REO Home: The Loan Process - 05/14/08 01:13 PM
Buying a Hemet – San Jacinto REO Home: The Loan Process Many people want to take advantage of the current market conditions in the Hemet – San Jacinto Valley at the eastern end of the Inland Empire, in Southern California because we have such a high foreclosure rate and there are … (3 comments)
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lender: Excellent Service!!! - 05/14/08 10:58 AM
Our listing just went under contract that day. I had just filled out the paperwork and handed it into my office when I received this call. "Hi Debbie...my name is Kit Bate. I am the Loan officer for the buyer. I just wanted to introduce myself and see if you had … (1 comments)
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lender: The importance of being Pre-approved - 05/13/08 07:54 PM
In the current market, and any market for that matter a quality lenders Pre-approvel is a must. There are many new lending guidlines, terms, conditions, and they are changing quite often right now. This makes talking with a knowledgeable, competent, and honest lender more important then ever before. The good news … (0 comments)
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lender: Do not borrow any money from Sun Trust Bank or Mortgage - 05/13/08 07:11 PM
As the foreclosures continue to pour into Florida, we have been able to see which lenders so far are reasonably responding to our consumer's hardships. Sun Trust is by far the one responding the worse of all of them. They have been demanding unreasonable recovery amounts and if they do not get such … (3 comments)
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