loan approval: How do I check my Credit Report? - 07/23/08 05:38 PM
Here is a little advice for anyone looking to get a copy of the credit report before they start the whole application process.
There are many ways to get your hands on a credit report today. But like many things in life, you get what you pay for. There are three … (2 comments)
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loan approval: What is a LSR? - 07/23/08 01:27 PM
I have had several inquiries as to the function of a LSR - so here goes...
LSR is an acronym for Loan Status Report. After an application is taken by a lender, and they perform their due diligence to approve you in good faith, you get a Loan Status Report. This … (3 comments)
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loan approval: CREDIT REPAIR Video - 07/09/08 08:27 PM
FOR MORE INFO, please visit my website http://www.ucan2Credit.com/CreditRepairSpecialists
VIDEO 1 ABOUT OUR COMPANY and SERVICES
VIDEO 2 Mortgage Moment > Credit REPORTS
… (3 comments)
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loan approval: Did you fall and break a fico score? OUCH! Credit REPAIR http://www.ucan2credit.com/CreditRepairSpecialists - 06/29/08 09:08 PM
HELLO
IM a realtor and a loan officer for almost 18 years or so. OVER the years as a loan officer I AM always dealing with fixing credit for my clients big and small problems and not always of much help due to how time consuming it is .
AS I started … (5 comments)
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loan approval: Credit repair, Home Purchases, Impact of credit on your home purchase - 06/29/08 04:49 PM
Credit may be the biggest single factor in mortgage qualification. Certainly some loan officers fail to look beyond credit when they evaluate a loan application and may get caught at the end with another of the important details, but credit nevertheless does stand out as a primary approval factor.
In today's … (3 comments)
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loan approval: Attention REALTORS , LOAN OFFICERS and CONSUMERS - 06/29/08 03:58 PM
Please vist our website http://www.ucan2credit.com/CreditRepairSpecialists
YOU will TRUELY BELIEVE in this company. PLEASE view the testimonials on the website.
See RESULTS IN WEEKS! THIS is no RIP OFF and we do not OVER CHARGE for our service. Please go to the webstite, AND CALL THE HOT LINE number that tells about … (4 comments)
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loan approval: Why It Will Be Easier To Get A Mortgage Approval Today Than Monday - 05/29/08 12:39 PM
Mortgage financier Fannie Mae is toughening its mortgage application decision-making process effective Monday, June 2, 2008.
The new guidelines will force many Americans to face higher mortgage rates, higher loan fees, or to be shut out from "prime" mortgage rates altogether.
The new "mortgage rules" include the following changes:
Higher income … (0 comments)
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loan approval: The Mysterious Loan Contingency - 05/15/08 01:24 PM
This post is Part 2 of my Contingency Removal lesson and research I'm doing for my upcoming one hour webinar Understanding Contingency Removals
I actually went through the California Association of Realtor's purchase agreement contract and could not find anything specific other than the buyer has "obtained a loan." But … (2 comments)
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loan approval: Do you have a buyer that wont qualify for mortgage? I have 300+ lenders - 04/30/08 10:54 AM
Dear AGENT ALthough IM A REALTOR also.. I mostly do loans and would be happy to take a 2nd look at your clients situation. Most of the time I dont even charge points or origination fees. Feel free to call me sometime. I Do loans in CAL and NEVADA and a few other … (0 comments)
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loan approval: Don't put the house before the LOAN. - 04/29/08 09:26 PM
Does it really make a difference?
When an agent writes a purchase contract, one of the most important things included will be how much cash the buyer is going to put down, the type of financing and the terms of the loan. Is it going to be a 20% down payment with … (0 comments)
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loan approval: HELP! What Do These Financing Terms Mean? - 04/03/08 10:39 PM
Pre-Qualification, Pre-Approval and Loan Commitment A common question I receive is, what is the difference between these three items. These are very confusing and most buyer's, seller's and agents alike are not sure of the meaning of these financial terms. I hope this helps clear up any questions you may have about … (0 comments)
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loan approval: Loan Officer Requires Review of Seller Disclosures??!! - 03/26/08 02:49 PM
Made with free image tools @ TXT2PIC.com As the transaction coordinator for my office, I am working on a pending real estate sale we opened a week ago. When I emailed the loan officer to find out if she had ordered the appraisal yet, she replied she was waiting for the buyer's signature … (3 comments)
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loan approval: 16 Things to Avoid While Waiting For A Mortgage Approval - 02/22/08 05:25 AM
With the new stricter guidelines especially here in Massachusetts, it is very important that the borrower follow some simply rules. It is often that a homebuyer ruins his or her own mortgage approval by inadvertently changing his "risk profile". It doesn't happen on purpose, of course -- it just happens.Her is … (4 comments)
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loan approval: CREDIT CHECK - 02/20/08 12:05 PM
It's that time again! Time to check your credit.
In order to purhcase a home and get a loan there are a few things you will need to line up. Your credit history will be ran, so it is imporant you manage your accounts properly. A higher FICO score means you can get a … (0 comments)
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loan approval: When greed overrules common sense....one real estate story - 02/15/08 12:55 PM
Early in my career I worked for a real estate attorney. There was a real estate buyer named Lisa I was working with whom I will never forget. She was a single mom and was looking to make her first real estate purchase with her mother. The road to approvalLisa's desire to … (37 comments)
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loan approval: Obtaining a Mortgage Loan - 02/03/08 02:10 PM
In obtaining a mortgage loan for purchase or refinancing, you need to consider how much you can actually afford. This can be accomplished by contacting a mortgage lender or loan broker to get pre-qualified and pre-approved. Before going to a mortgage lender or broker it would be wise to try a … (0 comments)
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loan approval: Give Yourself the Gift of Bargaining Power - 01/24/08 03:55 PM
Pre-approval and pre-qualification are two different things. During the pre-qualification process, a loan officer asks you a few questions, then hands you a "pre-qual" letter. The pre-approval process is much more thorough.
During the pre-approval process, the mortgage company does virtually all the work associated with obtaining full-approval. Since there is … (0 comments)
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loan approval: All Home Buyers Need to Read This! - 01/15/08 03:11 PM
I read an article in Saturday's Charlotte Observer that should be a mandatory read for all buyers, at least first-time home buyers. It was titled Spending Spree Before Closing Could Bag Deal.Ilyce Glink explained the importance of buyers not going on a spending spree prior to closing. Yes, it sounds self explanatory … (2 comments)
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loan approval: A LOAN COMMITMENT AND ABOUT $4 WILL GET YOU A CUP OF COFFEE AT STARBUCKS. - 01/13/08 02:18 PM
WHAT IS THE STATISTICAL PROBABILITY THAT THE CONTRACT TO BUY A HOME WILL CLOSE?You have a fully accepted, ratified, Contract of Sale with all contingencies removed. You're ready to close. You, the agent, have done everything that could have been done to make sure the sale is completed. The buyer loves … (40 comments)
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loan approval: Paperwork you need to get approved for a CA Mortgage - 01/07/08 11:16 PM
Here is an easy list of paperwork you will need to provide your lender in order to get approved for a loan on a Chico residential property. It’s really not that bad- I promise!
If you are an employee, make copies of: · Pay stubs for the last 30 days … (0 comments)
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loan approval: What Have YOU Done for ME Lately? - 11/10/07 06:38 PM
This is a question that you need to ask your loan officer(s) you work with because there are some out there who actually do A LOT! Does your loan officer do any of the following?-Give a detailed binder of loan information on programs, credit scores, and the home buying process to … (6 comments)
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loan approval: FARBAR As Is Contract Revisions - 10/26/07 12:47 PM
This could save you some huge headaches. Better to prevent than correct, right? I just went to an excellent presentation by a real estate attorney who is on the Florida FAR BAR committee. He told us about the changes this year. He gave us some great insight that I'll share with … (0 comments)
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loan approval: Why get pre-qualified, when you can get pre-approved? - 10/18/07 08:24 AM
Whether a buyer has been pre-approved or pre-qualified for a mortgage, and what exactly that means, is now part of the standard MLS contract here in the Chicago area. There are a number of choices listed on the form, from a basic pre-qualification - they talked with a loan officer - … (7 comments)
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loan approval: Tips For Making Low Offers - 10/09/07 04:48 PM
If you are from Mars or something you might not yet know it, but it is a buyers market in Columbus, Ohio. Unfortunately it is a buyers market where fewer buyers have much money for closing costs, etc. Due to this, we are seeing a lot of very low offers that include … (12 comments)
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loan approval: From the bureacratic perspective: Do not fold, spindle, mutilate, deface ..... - 10/09/07 04:37 PM
..... or otherwise manipulate these documents, doing so may subject you to penalties and prosecution under the full extent of the law. A New Orleans lawyer sought an FHA loan for a client. He was told the loan would be granted if he could prove satisfactory title to a parcel of property being offered … (0 comments)
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loan approval: Questions Buyers Should Ask a Mortgage Lender... - 09/24/07 06:29 PM
How do you decide which lender is best for you?There is a lot more to the mortgage process than getting a good rate. High costs in fees and poor service can come as very unhappy surprises. Here's a list of suggested questions you might ask a lender: • How large is … (0 comments)
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loan approval: A few points about interest rates! - 09/19/07 11:37 PM
A FEW POINTS ABOUT INTEREST RATES!! Less is more If you're new to investing or real estate and don't know the first thing about interest rates, here's a good tip: the higher the interest rate, the more expensive it's going to be. High interest rates mean you will have to pay … (1 comments)
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loan approval: My Outlook on the Current Iowa City Housing Market - 09/11/07 11:08 AM
If you are thinking about buying or selling a property in the Iowa City area or anyplace, talk to a REALTOR! They know more about the area market than anyone else! It's their business! More than your neighbor, your co-worker or a well meaning friend or relative.In general in the Iowa … (0 comments)
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loan approval: Mortgage companies in trouble--Who to choose? - 08/23/07 04:49 PM
Hi,I am a realtor in Oakland County, Michigan where, like in other parts of the nation, we are struggling to have our mortgages approved and our homes appraised--in other words, getting our homes SOLD.So here is my question: Is anyone else confused about which mortgage brokers to recommend to their buyers? I … (9 comments)
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loan approval: The credit rules have changed. - 08/22/07 02:47 PM
Before you could get 100 percent loans fairly easily,fog a mirror and your approved.Now what has happened is many buyers should have never been approved for these loans to begin with.Homeowners default,the house goes into foreclosure,and the bank and wall street investors are left holding the bag.With many banks claiming bankruptcy … (0 comments)
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loan approval: Second Mortgage Home Loans - 08/14/07 02:55 PM
A second mortgage is a loan that is secured by the equity in your home. When you obtain a second mortgage loan the lender will place a lien on your house. This lien will be recorded in 2nd position after your primary or 1st mortgage lender's lien, hence the term second … (0 comments)
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loan approval: PROCEED WITH CAUTION - EXPECT DELAYS! - 08/02/07 05:19 PM
Well, this week didn't exactly go as planned. With 2 closings scheduled for the same day (7/31), this was supposed to be a very productive week but both of my buyers were turned down for financing at the last minute. Yes, these things happen sometimes and both agreed to an extension … (0 comments)
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loan approval: QUESTION'S YOU NEED TO ANSWER WHEN APPLYING FOR A HOME LOAN - 07/29/07 04:16 AM
These are some of the questions that you should prepare yourself to answer when you apply for a home loan. Please make sure all your answers are accurate. In your initial conversation the loan officer may just ask you for your name, address and social security number, that is okay they … (1 comments)
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loan approval: Tampa Mortgage - Road Map for Buying a Home - 07/18/07 07:49 AM
Tampa homebuyers...ever just think "Ug...the process is too much!" Many home buyers, in Tampa and throughout Florida, like to have a plan when going through the process of qualifying for a mortgage and buying a home. There is so much information available on mortgages, but sometimes it is just too much for a … (25 comments)
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loan approval: VA Residual Income Calculations - 06/29/07 02:49 PM
In the late 80's, as we became more and more automated, the VA established qualifying ratios and set them at 41%. Prior to that time we approved a VA loan using the Residual income method. Basically this required the LO to calculate the Service Members tax burden and then net out his … (9 comments)
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loan approval: The Loan Process Outlined - 06/28/07 08:06 AM
The Loan ProcessTogether we identify your specific goals and determine the best way to meet them. In doing this we discuss personal information such as name, address, employment, income & savings.We review three areas impacting eligibility for the loan options you choose. Your FICO credit midscore. There are three credit reporting … (0 comments)
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loan approval: Local Couple Buys First Home - At Best Interest Rates - Less Than 3 Years After A Chapter 7 Bankruptcy! - 06/21/07 09:20 AM
Local Couple Buys First Home - At Best Interest Rates - Less Than 3 Years After A Chapter 7 Bankruptcy!Here's the story of another nice couple that I had the pleasure of serving. Two borrowers were buying a home. One had a Chapter 7 bankruptcy discharged 2 years ago. The other … (3 comments)
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loan approval: Are you really approved for that mortgage? -- FHA - 04/24/07 03:42 PM
Consumer - "I have been approved for that mortgage."
Me (loan officer) - "How do you know this for sure?"
Consumer - "Because I was told by the loan officer that they ran it in their system and it came back with an approval."
Me - "That sounds great. So did you show them … (24 comments)
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loan approval: How do You Handle Rejection or Denial? - 01/21/07 07:04 PM
I am beginning to develop a pet peeve due to the actions of other loan officers/mortgage brokers. So, I'm asking how you explain to your clients that they don't qualify for a loan.
I have a referral partner Norman who owns a pool design and construction company here in Riverside County, CA. … (9 comments)
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loan approval: Loan Contingency vs. Loan Approval Contingency a Follow-up - 01/21/07 03:05 PM
I think everyone may be missing the point of my last post. I'm not arguing loan contingency. Long before you get to loan contingency removal you should have the loan pre-approval contingency removed. Many, Many Realtors believe this to be one in the same when it's not. Loan Pre-Approval is a full … (3 comments)
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loan approval: Negotiating Tip 2 -- Make sure the buyer is pre-approved or better yet pre-qualified for a loan. - 10/18/06 09:56 AM
One of my selling points to my prospects for listings is to state that Realtors® should always check to see if a buyer that is requesting a showing is pre-approved and that I ask my buyers this question. I try to make this a standard practice when I schedule home showings to … (1 comments)
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loan approval: Dallas Real Estate - Appraiser on the Watch List - 08/12/06 08:48 PM
It seems as though I'm not "allowed" to have a smooth transaction. I posted a few days ago about a situation where the buyer wants to meet the seller for a final walk through before closing. Boy did this almost blow up this week.
So, the lender had 4 appraisers take a … (3 comments)
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loan approval: Buyers and Sellers go Full Circle - 08/12/06 08:42 PM
I represented these Sellers. We get to closing 6 days late because the buyer's loan all of a sudden was not in a clear to close mode like we were all told. That was actually ok, because my sellers were buying a new home and we hadn't received the CO yet, … (0 comments)
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loan approval: Dallas Real Estate - Rain Finally Arrived! - 08/12/06 08:31 PM
The Country had the second hottest July on record, behind 1936. I think Dallas having one of it's hottest summers ever, but definitely doesn't beat 1980 or 1998. We've had about 20 days over 100 degrees, and even though people think Dallas is hot, that's actually unusual.
But then, this morning, I … (0 comments)
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loan approval: Dallas Real Estate - Change your Locks after Closing - 08/10/06 05:37 PM
After you close on a house, you need to change your locks. You don't actually have to change the actual lock as rekeying a lock is much cheaper, but you never know who has copies of the keys. If the previous owners didn't change their locks, you could have people from … (2 comments)
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loan approval: Dallas Real Estate- High Rises Missing a Floor - 08/10/06 04:45 PM
This is hilarious... did you know that some developers omit the 13th floor of a high rise building?? I had never heard of this before. There's a new condo conversation going on in Dallas and instead of having a 13th floor for residences, they are putting the pool and workout equipment … (7 comments)
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loan approval: Dallas Real Estate - Mixed-Use Community - 08/10/06 04:35 PM
It seems as though mixed-use communities are sprouting up all over the place. The developers have this plan to make suburban areas more like urban areas so people who move to the suburbs reluctantly can still have the city feel. It's happening all over Dallas and now they're sprouting one in … (0 comments)
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loan approval: Dallas Real Estate- July had 10% Drop - 08/09/06 10:53 AM
My seller's are constantly wondering why the showings have slowed down or why there aren't any showings period. In July, there was a 10% drop in home sales which followed a 5% drop in June.
We currently have 47,391 listings on the market which is about 8% higher than last year!! … (0 comments)
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loan approval: Dallas Real Estate- Specific Performance - 08/08/06 07:54 AM
Within an executed contract, the seller has agreed to sell their home, with no way out of the contract. That's called Specific Performance, as they must perform their end. However, the buyer has a way out almost every time as you can just claim something about financing. Or if they default, … (2 comments)
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loan approval: Dallas Real Estate- Commuting to work - 08/04/06 08:24 AM
I just read about a contest going on in the North Texas area about trying to get people to car pool. They estimated about 3 million people driving to and from work everyday and 9 out of 10 are driving alone. The contest is at http://www.tryparkingit.com/. "Only" 235,512 miles have been … (0 comments)
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loan approval: Dallas Real Estate- Seller's Closing Costs - 08/03/06 06:37 PM
It amazes me how many sellers think they can just get a contract on their house, show up to closing, and get the amount of the sales price at closing. Many sellers don't understand that they have their own closing costs, just like a buyer.
Sellers don't just pay a commission to sell … (0 comments)
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loan approval: Dallas Real Estate- ASP- Accredited Staging Professional - 08/02/06 07:05 PM
I got my ASP today! I am now a certified ASP REALTOR®. The ASP is an Accredited Staging Professional.
Staging is NOT decorating! Staging is de-personalizing. Staging is getting a house ready to sell faster and for higher dollar. A staged home makes all the difference in the world.
For our final exam, … (1 comments)
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loan approval: Yesterday's National Night Out - 08/02/06 07:10 AM
National Night Out was fun in my neighborhood. There was a live band, a jump house, and some other air blown slide thing for the kids. I definitely think we had enough people to keep you Crime Watch signs up for another year. You have to have something like 40% of … (0 comments)
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loan approval: Big Dallas Business Cutting Jobs- EDS - 08/01/06 07:03 PM
Plano based EDS announced that they will be cutting anywhere from 3000-4000 jobs, globally, in the second half of the year. IKES!! Collin County is already seeing high foreclosure rates and this does not look good. I imagine many of those people will have problems finding comparable jobs and then I get … (1 comments)
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loan approval: Texas Schools Unacceptable - 08/01/06 06:56 PM
This is ridiculous!! Last year, there were 264 schools that were ranked as unacceptable and this year, that number jumped up to 321! How does this happen? What's funny (not really) is all the schools that cheated on their TAKS Tests (standardized tests) didn't help much as most of those are … (0 comments)
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loan approval: Dallas County in Heat Emergency? - 08/01/06 08:15 AM
The Dallas County officaials are thinking about declaring a heat emergency. There are now 8 heat related deaths across the county as even the night time temperatures are staying above 80 degrees.
The news keeps reflecting back to the summer of 1980 as the hottest summer with 69 days over 100 degrees, … (2 comments)
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loan approval: FBI Investigates Dallas Independent School District - 07/31/06 06:26 PM
Like it's not enough that Texas is getting a bad rap about all the cheating on the standardized tests, but now the FBI has come to town to investigate DISD and their credit card use. About a month ago, DISD found out that some of their employees were using the district … (3 comments)
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loan approval: Texas Registration Tags Change - 07/31/06 06:17 PM
This past year, many people griped and moaned about the new registration tags for our cars. They're were much bigger than the previous years and they had this awful, cloudy, almost clear boarder with the Texas Flag in the middle... It was huge and it obstructs some view out the front … (0 comments)
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loan approval: Dallas Real Estate- CSS bought eHomeshowings.com - 07/28/06 01:37 PM
It was announced yesterday that eHomeshowings.com has been bought by CSS, Centralized Showing Services. It was inevitable. EHS was never as big as CSS. I used CSS when I was with a previous broker, so when I had to sign up with EHS, a much smaller company, I was disappointed. I … (5 comments)
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loan approval: Dallas Real Estate- A Reason for Everything - 07/28/06 01:33 PM
I truly believe there is a reason for everything... the latest event that happened to fuel this theory more is that I met my grandmother for the first time in almost 18 years and I have to thank real estate for that.
If I wasn't in real estate, I would have had … (0 comments)
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loan approval: National Night Out - 07/28/06 01:28 PM
I just wanted to remind everyone about National Night Out on August 1. It's coming up pretty quick. This is a great way to meet your neighbors and create new friendships. I've only been in my neighborhood for about 10 months, so I'm definitely looking forward to meeting new people.
I really … (0 comments)
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loan approval: First A/C'd Mall in the South Demolished - 07/26/06 09:17 AM
Big Town Mall in Mesquite started demolision, but it was just a procedure as the mall has been dead for years. Me? I say, "Where the heck is Big Town? I've never heard of it!" I've been here for 22 years and never heard of Big Town Mall.
It was the first … (1 comments)
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loan approval: Dallas Real Estate- Best Places to Live in Dallas - 07/25/06 11:15 AM
Money Magazine did their usual rankings for this year and four Dallas areas made the top 100 list for the best places to live: Carrollton, Denton, Plano, and Richardson. Not to be biased, but i moved to Richardson 22 years ago and currently still reside here, so I could have told you … (2 comments)
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loan approval: Dallas Real Estate - Writing an Offer - 07/25/06 09:48 AM
Verbal contracts are not held up in a Real Estate transaction. Everything must be in writing. All terms of everything must be discussed. I love it when an out of town buyer tells me to just call up the listing agent and ask if such and such price is ok. I'm … (1 comments)
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loan approval: Dallas Real Estate- DFW Area Ranked 9th Largest Across Country - 07/23/06 04:48 PM
I always thought DFW was in the top 10 of largest metropolotan areas, but I guess I was wrong. People always think Ft Worth is larger than it really is, but it's actually a small fraction of the metroplex, whereas Dallas holds well over the majority of the population. Granted, Ft … (0 comments)
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loan approval: Gas Price hit an All Time High - 07/23/06 04:35 PM
Can you believe the price of gas these days?? We just hit an all-time high of $3.015 across the country. The high we beat was set in September of 2005 and it was at $3.0117.
I've been asked many times if the price of gas is going to change my business and … (1 comments)
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loan approval: Cold Front this Weekend - 07/21/06 01:39 PM
I can't wait for this weekend! We have had 10 days in a row of triple digit temperatures. We even hit 107 earlier this week, which was the highest recorded temperature in over 3 years! This weekend, we will be dropping to 95 degrees!! Can you believe it?? 95 degrees, possibly … (6 comments)
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loan approval: Dallas Real Estate - New Frisco Development - 07/21/06 01:29 PM
A new development is slated to start next month in Frisco, Crosswinds. This will be 1000 acres of Residential and parks off Lebanon and west of the Tollway. It looks as though the lot sizes might be a bit larger than what we're used to seeing these days. The original plot … (2 comments)
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loan approval: Dallas Real Estate - 5% Appreciation - 07/21/06 11:13 AM
With the latest statistics coming out, it looks as though the North Texas area has actually seen some apprciation instead of just being "flat" as most people would say it's been. Compared to the same period of 2005, the first half of 2006 showed 5% appreciation! Granted, we still have around … (2 comments)
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loan approval: Texas Longhorns #2?? - 07/20/06 06:57 PM
What?? Can this be right?? The latest poll that was conducted shows Texas rated as #2 with Oklahoma as #1... no way! I mean, sure Texas lost some big players this year, but they're on a 20 game winning streak! OK was 8-4 overall last year. How could a team with … (2 comments)
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loan approval: A New Kind of Tooth Fairy - 07/20/06 06:52 PM
There was an article published on www.dallasnews.com today about a new company in Austin that will store a child's baby teeth for future use to potentially cure diseases. This is supposed to replace embryonic stem cell research. They aren't sure whether this will work or not, but it's $595 for the … (0 comments)
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loan approval: Dallas Real Estate- Increase in Foreclosure - 07/14/06 02:48 PM
This is the latest information posted on Dallasnews.com about foreclosures in the Dallas area.
Residential properties scheduled for foreclosure auction in August and the change from last year.
Dallas County 1,412 +30% Collin County 342 +34% Tarrant County 897 +17% Denton County 310 +30% Rockwall County 43 +23% D-FW area 2,961 +26% SOURCE: … (2 comments)
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loan approval: Dallas Real Estate- How Many Homes to View - 07/14/06 02:29 PM
How many homes is too many to view at a time?I've asked several Realtors this question and most like to show only 3 or 4 houses at a time. 3 or 4?? I can understand viewing that few homes when you're in a market that doesn't have many listings, but there is … (7 comments)
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loan approval: Dallas Real Estate- Another Reason for Loan Approval - 07/13/06 12:54 PM
There are still no good leads for the killing of the builder's rep in McKinney. I just wanted to take this time to point out, again, why I get my buyers pre-approved for their loans.
Many people think this is just so I don't waste my time showing buyers who don't qualify … (0 comments)
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loan approval: Dallas Real Estate -What Makes you a Negotiations Specialist? - 07/12/06 04:41 PM
Recently, I've noticed some agents putting an alphabet of real estate classes after their name, CNS. This CNS stands for Certified Negotiations Specialist. They are receiving this designation after taking a class on negotiations. Does that make you a specialist? I would have to scream out the answer as NO!
I would … (2 comments)
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loan approval: Dallas Real Estate -How Do You de-Personalize Your Home? - 07/10/06 01:53 PM
Look around your house. Now, take another look and count how many times your eyes move to all the photos of your family sitting on the shelves and hanging on the walls. Did you notice your college degree? I've had buyers not buy houses because they were Longhorns and they saw … (0 comments)
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loan approval: Builder Rep Murdered in Model Home - 07/10/06 01:52 PM
This is crazy!! I'm sitting home on a Saturday evening and I refresh my homepage of www.dallasnews.com and there's a story that catches my eye: "Sales Agent Found Dead in McKinney Model Home."It draws my attention immediately as I'm a Realtor and I go to model homes all the time. I … (1 comments)
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loan approval: Dallas Real Estate -Making a First Impression - 07/08/06 04:12 PM
The most important thing you need to keep in mind when putting your house on the market is that you only have one chance to make a first impression. Many people think the first impression is the drive- up appeal in order to get the people from the car into the … (3 comments)
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loan approval: Another Non-Qualified Buyer won't Learn... - 07/07/06 01:25 PM
As I've said many times within and outside this blog, a buyer must be, at minimum, pre-approved for a loan before looking at houses. I got a call from one of my online ads to look at a house. I asked the questions I ask all prospects that call. The difference … (0 comments)
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loan approval: Dallas Real Estate -Do I need a Realtor when I buy a Brand NEW home? - 07/06/06 02:25 PM
Of Course You Do!!!Think of it this way... when you walk into a Builder's model home and you're greeted by the nice lady or man, he or she works for the Builder and works for the Builder's best interests, not yours! You are the buyer wanting to buy one of their … (0 comments)
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loan approval: Dallas Real Estate -What is Earnest Money and How much is acceptable? - 07/05/06 10:37 AM
I get asked two questions a lot:1. What is Earnest Money?2. How much Earnest Money is acceptable for an offer?The easiest answer to what earnest money is, is that it's "good faith" money. When you put up earnest money with your offer, you're offering good faith to the seller that you … (0 comments)
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loan approval: Happy 4th of July!! - 07/03/06 08:58 PM
For me, Real Estate is a 24/7 career, and I don't mind. But, around this time of year, I'll tend to take at least one personal day off to enjoy with my Husband and friends. This year, with the actual Holiday on a Tuesday, it seems as though the weekend is … (1 comments)
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loan approval: Experienced Agent verse Newer Agent - 06/29/06 06:32 PM
When I first got into real estate, I had just turned 24 and I looked about 18. It was no wonder people always asked my age and how long I was in the business. I always had to prove myself as to why they should use me as a newer agent...Now … (0 comments)
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loan approval: Full Service Listing Verse Limited Service - 06/29/06 06:14 PM
One of the things I have to explain to sellers when I'm on a listing appointment is why I can't take a reduced commission to sell their home. My first response is, weren't you paying attention to all the marketing I do for your house to get it sold and do … (1 comments)
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loan approval: Understanding Your Credit - 06/28/06 01:35 PM
There are many myths when it comes to your credit. I'm not a mortgage person, so I don't know everything that goes into what can be ignored on a report and what can't, but I've learned quite a bit over the years and here are some of the important things to … (0 comments)
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loan approval: Shopping for a House before a Mortgage - 06/27/06 10:11 AM
Are you trying to shop for a house before a mortgage? Do you find that you keep ending up in neighborhoods that are beyond your price range? How did you come up with your price range? And do you even know what your price range means? These are just some of … (1 comments)
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loan approval: Pre- Qualified verse Pre-Approved - 06/26/06 08:16 PM
Are you Pre-Qualified or are you Pre-Approved? Do you know the difference?
There are many ways to differentiate the difference between being pre-qualified and being pre-approved. The easiest thing to ask yourself is, "Did I just make a phone call and talk with someone? or Did I turn in any paperwork like … (4 comments)
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