mortgage broker: 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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mortgage broker: Getting leads from mortgage brokers - 07/15/08 01:37 PM
Remember to mens basketball USA dream team of 1992? Wow! that must have been the funnest olympics I ever watch. It was a complete domination of that tournament I ever seen in my life. That probable is the greatest team ever essembled for a sports team. Here is the top 10 … (0 comments)
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mortgage broker: 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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mortgage broker: Special Agent Fee? PLEASE HELP AND COMMENT - 07/08/08 04:34 PM
Hey Folks!
As many of you know I live in Central Indiana. A large broker (I will not post name but will let you know that they share a name with a old car company) is doing business with one of my clients and scheduled to close on Monday.
The … (13 comments)
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mortgage broker: Skype is the Bomb! - 07/07/08 11:37 PM
Hey Folks!
With $4.00 a gallon gas and $3.00 a gallon for milk we all must find ways to save some money. Here is a great one.
Folks with a high-speed Internet connection and the desire/need to make long distance calls you need to check out Skype.
Now many have … (5 comments)
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mortgage broker: North Carolina law tougher on mortgage branches, originators and lenders - 07/07/08 09:07 AM
North Carolina law tougher on mortgage branches, originators and lenders
A new law is going into effect soon in North Carolina that will eliminate more originators, mortgage branches and companies in that state.Very soon if you do not have a credit score of 600 or higher, your out!The net worth for … (0 comments)
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mortgage broker: Does 100% Commercial Financing Really Work? What is the Catch? - 07/07/08 08:20 AM
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HOW DO SELLERS BENEFIT BY PARTICIPATINGIN THE FEDFUNDS DPA PROGRAM?
THE ANSWER IS SIMPLEA QUICK SALE!
Commercial property owners looking to sell their vested interests in multi-family, office or shopping centers need not look any further than by joining the FedFunds DPA Program. Our focus is twofold. … (0 comments)
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mortgage broker: Hitting a home run for my clients is normal, but today she hit one for my son! - 07/05/08 10:32 PM
Today was my son's 7th Birthday and one of my preferred mortgage brokers who always seems to hit a home run for my clients, hit a grand slam for my son's birthday today. If my logo doesn't show it, I love baseball and I've passed this love on to my kids.
… (16 comments)
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mortgage broker: Mortgage Intelligence Achieves Early Compliance of New Mortgage Industry Act for Ontario - 07/03/08 08:31 AM
Mortgage Intelligence's consultants now fully compliant with Ontario's new Mortgage Brokerages, Lenders and Administrators Act, 2006 -
June 30, 2008, Toronto, ON - Mortgage Intelligence is pleased to announce that as of June 15, 2008 the organization and its network of 397 independent consultants in Ontario are fully compliant with the Mortgage … (0 comments)
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mortgage broker: PASS vs PLAY: Why This Mortgage Broker Would Rather Be RUTHLESS Than PERSISTENT - 07/02/08 10:50 AM
IS BEING PERISTENT REALLY A GOOD THING?
Yesterday, when I FINALLY got approval for a silly little loan that had been sent to no less than 3 banks in 3 months, I got a compliment of the highest kind from the head processor in our office. "WOW. I would like … (18 comments)
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mortgage broker: Realtor Roulette: How Should A Mortgage Broker React When Client Ditches Realtor? - 07/01/08 10:22 AM
Early in my career, I was fortunate enough that a well-established local Realtor referred me a teacher, who was also a single mom, seeking to buy her first home. To say I was thrilled and flattered would be an understatement. Realtor knew I was somewhat new to the business, could have … (29 comments)
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mortgage broker: Mortgage Process Part I Pre-Qualification vs Pre-Approval - 06/30/08 07:02 PM
Pre-Qualification vs Pre-Approval
In today's market withmore stringent guidelines, if would be to their advantage for the buyer to get a pre-approval vs a pre-qualification. What's the difference between pre-qualification and pre-approval? Just a few years back, the terms "pre-qualification" and "pre-approval" were often used interchangeably. But they have different meanings. Today, … (0 comments)
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mortgage broker: California sues Countrywide - 06/30/08 12:30 AM
I was interested to learn that the Attorney general of California has joined Illinois in filing a lawsuit against Countrywide. California is also suing its founder, Angelo Mozilo.
California is accusing Countrywide of false advertising and unfair business practices which resulted in homeowners applying for risky mortgages far beyond their means. The allegations … (7 comments)
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mortgage broker: 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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mortgage broker: The End of the Mortgage Broker Era (PART II) - 06/25/08 04:25 PM
In PART I, I discussed how I believe that Lendingtree.com and pricing engine sites like it have begun the demise of the mortgage broker. Now I want to discuss how new sites in our industry are changing the whole landscape of the business.
Fairclosingcosts.comis a new site that does for all … (1 comments)
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mortgage broker: Foreclosed Homes in Northern California - 06/23/08 11:22 AM
Statistics have shown that about one out of 100 houses are actually undergoing the foreclosure process - a count which is considered a 79% increase of the number of homes subject to foreclosure in the US, which continuously proves that the trend of foreclosed homes are rising in the country. Of … (0 comments)
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mortgage broker: Something much much more! - 06/21/08 12:11 PM
Janet Guilbault wrote one of the best blogs that I have read here all year titled
Why I Think Realtors Are Missing A Great Opportunity to Connect With Mortgage Brokers .
That specific article struck a chord with many of us here in the community. The comments streamed in from … (4 comments)
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mortgage broker: Is Predatory Lending a Factor in the Mortgage Community? - 06/20/08 01:27 PM
Should Mortgage Seekers Worry about Predatory Lenders?
Unscrupulous lenders often prey upon borrowers who don't completely understand the intricacies of mortgage lending. Predatory lenders are most likely to target the less educated, people from lower socio-economic groups and the elderly. They tend to target people who don't have a great credit … (0 comments)
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mortgage broker: #1 Thing Home Buyers Should Know When Making an Offer! - 06/20/08 01:13 PM
Down Payment and Financing are a Part of the Offer
You will want to base your offer on the contingency that you can get financing for the purchase of the home. As part of your offer, you inform the seller of the amount of your down payment. This gives the seller … (0 comments)
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mortgage broker: Searching For a Good Mortgage - 06/20/08 12:59 PM
Even though the current housing market is unstable, the interest rates are still very low, so finding a great mortgage is likely with a little research. However, there are many variables, so finding the right mortgage for your circumstances will take some work. It is important that you understand the effects … (0 comments)
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mortgage broker: 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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mortgage broker: My 1st Blog: Let me introduce myself - 06/17/08 10:05 AM
Hi, I'm Suzanne Storch a Licensed Mortgage Broker with A1A Mortgage, LLC, in Jacksonville Beach, FL. I have an extensive background in loan processing, customer service, customer realations, management and planning. I graduated from Western Michigan University with a degree in Finance and also hold degrees in Business Administration and Public Relations.
With … (0 comments)
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mortgage broker: How a lender looks at a Mortgage Application - 06/15/08 05:22 PM
Everyone always seems to be quite curious when it comes to the mortgage application, how do the Blue power suits come up with what a 'good' application is? and were does my application stack up to this standard?
Just think about how you would feel if someone was … (2 comments)
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mortgage broker: Are there still Loan Officer's who don't have FHA to offer? - 06/15/08 02:06 PM
So I'm curious...why would a loan officer still work for a company or broker shop that doesn't offer FHA in your product line? I don't see any other low payment options coming anytime soon. Governments loan have made a huge comeback and will be bread & butter for a lot of … (0 comments)
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mortgage broker: When is a Mortgage not a Mortgage? - 06/14/08 05:03 PM
In California, Lenders do not register Mortgages on properties, yet it is common practice to have Mortgage Brokers deal with the financing aspect of Real Estate transactions.
A Home Loan is not a Mortgage, and a Mortgage is not a Deed of Trust.
A Home Loan is a loan … (5 comments)
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mortgage broker: Is Credit Repair a SCAM???? - 06/10/08 08:31 PM
DING DING... the bell has rung for round 1...... Ok just chill out and read what I have to type....... Most of your clients that have credit difficulties
ARE NOT IN NEED OF CREDIT REPAIR.......
especially if the mortgage professional is willing to spend some time and understand credit.
… (11 comments)
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mortgage broker: URGENT HUD/RESPA Webinar ALERT - Additional Webinars Added! - 06/10/08 12:10 PM
One of our better lenders asked us to forward this to other brokers so I thought I'd put it here on Active Rain. This seems like a pretty big deal. Mortgage brokers should send this to their agents. Thanks!
PLEASE FORWARD THIS MESSAGE TO ALL YOUR BROKERS...THIS IS A FREE WEBINAR … (0 comments)
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mortgage broker: Tomorrows Lunch and Learn: A review of AUS (Automated Underwrting System) - 06/10/08 10:37 AM
Thats right it is that time again. Have a little lunch and learn a little about the dark side of the business, otherwise known as the Mortgage Profession. And to be honest, this is a timely topic today; after all I have read and heard about Mortgage Professionals not pre qualifing … (3 comments)
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mortgage broker: Is It Better To Be a Mortgage Broker or a Mortgage Banker - 06/04/08 08:31 PM
Is it better to be a mortgage broker or a mortgage banker. I always thought the mortgage broker had more options and I read some comments recently that make me thing it might be better to be a mortgage banker.
Is it better to be on the mortgage banker side or … (1 comments)
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mortgage broker: Fannie Mae ends declining market policies in favor of appraisal reviews - 06/04/08 03:45 PM
We heard recently from one of the lenders we deal with that Fannie Mae is killing its broad declining market policy. Before you celebrate, though, read on to see what plans they have for real estate!
As recently as January 2008, Fannie Mae decided that labeling entire zip codes or counties … (1 comments)
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mortgage broker: I Need a Pre Qual Letter! - 06/02/08 07:32 PM
All I want to do is write an offer for a qualified buyer. They are qualified with another lender, but this is a Countrywide REO. Of course it's going to be miserable.
The agent won't submit the offer unless the buyer is pre-qualified with Countrywide. Nice... Nothing like being blackmailed into … (15 comments)
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mortgage broker: Freddie Mac and Fannie Mae Eliminate Declining Market Reductions to LTV - 05/30/08 11:56 AM
Yesterday was a big day! Freddie Mac jumped on board with Fannie Mae and is also eliminating the Automatic Reduction in Loan To Value (Downpayment requirements for purchases) effective June 1st. If your property was located in a Declining Market prior to June 1st, Lenders were requiring additional down payment of … (6 comments)
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mortgage broker: Appreciation - 05/29/08 10:38 PM
What is the best token of appreciation that a client has ever given you?
… (0 comments)
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mortgage broker: Switching Companies to Wells Fargo - 05/29/08 07:47 PM
Tomorrow I will be switching companies from a mortgage broker to a mortgage banker from the wholesale side to the retail side. I will be working for Wells Fargo.
This was a very tough decision for me to leave the broker world and start a new on the retail side, but … (8 comments)
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mortgage broker: Why I Think Realtors Are Missing A Great Opportunity to Connect With Mortgage Brokers - 05/28/08 05:48 PM
In the real estate world, Realtors are higher on the food chain than mortgage brokers. Always have been. Always will be. Which, as Lola pointed out in her well written featured post, means mortgage brokers seek out Realtor relationships, with results that are not always successful, and tactics that are not always welcome.
… (106 comments)
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mortgage broker: A Reverse Mortgage Success Story - 05/28/08 12:26 AM
This is a recent reverse mortgage that my company closed for a broker:
Based on age, value and rate, the borrower was able to get a Reverse Mortgage which after servicing reserve and closing costs produced about $72,000 in available proceeds after paying off a first mortgage lien of about $25,000. In addition … (3 comments)
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mortgage broker: Debunking the Mystery of Credit Scoring - 05/15/08 10:18 AM
Now more than ever: the credit score is king.
With sub-prime funding practically gone, a good credit score is absolutely crucial for loan approval. This popular webinar will help you coach your customers into getting higher scores now.
You'll be able to take advantage of insider knowledge from our expert, Justin … (0 comments)
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mortgage broker: What Professionals Should You Call On? - 05/11/08 08:12 PM
… (0 comments)
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mortgage broker: Mortgage Market Report for Friday May 9th, 2008 - 05/10/08 08:54 AM
Mortgage Market Report for Friday May 9, 2008
Mortgage bonds could not capitalize on the weakness in stocks. Soaring oil prices reached $126.00 per barrel. This created new concerns about inflation to close a tough week.
The mortgage lenders have been very tough on underwriting standards. Navigating these obstacles has been … (3 comments)
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mortgage broker: Romancing the Loan: Learn or Burn, Baby. Its A Different World Now - 05/08/08 05:49 PM
I have an idea for a new soap opera. Please, Brad Andersohn, bring on the flip cam, and be my producer. The name of the new soap is "Romancing the Loan".
Stock is rising for mortgage brokers who KNOW HOW TO ROMANCE THE LOAN. In the past, very little emphasis was placed on these … (43 comments)
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mortgage broker: Very Important Meeting Tomorrow for Correspondent Mortgage Brokers in WA - 05/06/08 10:54 PM
DFI was able to pass a law because WAMB trusted them when they asked if the legislation would impact mortgage brokers (this is a real nutshell summary)...WAMB apparently trusted DFI and did not investigate this matter further... so now mortgage brokers who have a warehouse line (or are correspondent lenders) are … (0 comments)
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mortgage broker: How do lenders view my score? - 05/02/08 12:21 PM
… (0 comments)
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mortgage broker: Who can access my credit report? - 05/02/08 12:17 PM
… (0 comments)
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mortgage broker: Does Active Rain works? - 04/30/08 10:56 PM
I remember when I joined this community I was trying to be known in the Real Estate business as a Mortgage Broker in my community, to be more specific in Naples, FL. I, even, invited some friends to join the community and they were really happy with the idea.
After playing … (4 comments)
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mortgage broker: Mortgage Market Report for Monday April 28th, 2008 - 04/28/08 03:02 PM
Mortgage Market Report for Monday April 28th, 2008
This week's schedule has some of the biggest economic news of April.
On Wednesday, the Fed will release their Policy Statement and interest rate decision. For now, the Fed Fund Futures are pricing a 75% probability of a .25% cut to the Fed Funds Rate. As … (0 comments)
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mortgage broker: Mortgage Brokers And The Future Of The Banking Industry - 04/24/08 02:53 PM
Walk into any Countrywide retail branch for a an A Paper loan, and you will probably get the same rate, if not better, then using a mortgage broker who is set up with Countrywide wholesale. In 2009, brokers will not be able to order appraisals if it is a fannie mae … (4 comments)
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mortgage broker: Countrywide Home Loan Commercial - 04/21/08 09:41 AM
Super Size Mine Please
While watching Television last night, a commercial from Countrywide Home Loans came on. I don't watch a lot of TV but I had not seen it before so I am going to assume it is a fairly new commercial. Maybe you have seen it. … (0 comments)
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mortgage broker: ABOUT US - CHRIS & DEANE, HARKER COMPANY, PREMIERE PLUS, GULFSIDE MORTGAGE - 04/19/08 12:34 PM
BACK PAGE BACK PAGE PROFILE of DEANE and CHRIS HARKER When you choose DEANE & CHRIS (YOU CAN'T MISS) HARKERyou'll be glad you did - you better believe it.MUCH MORE INFORMATION ATHOME BUYERS ALMANAC SELLERS ALMANAC MORTGAGE ALMANACConsultants, Decorators, Landscapers, Licensed Realtor, Mortgage Broker. A DIVERSE COLLECTION OF INFORMATION ABOUT HOME … (0 comments)
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mortgage broker: Networking - 04/17/08 09:01 AM
I was wondering whether people believe that it is better to network with a few different people in the same industry or just to work with one person.
I do see the pros and cons of both.
I was curious to know what everyone else thought.
Thanks,
George N. Piandes, Esq.PresidentLaw Office of George … (9 comments)
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mortgage broker: Where Did We Learn All Of This Stuff? - 04/15/08 02:16 PM
Hey Folks!
Just trying to get back into the swing of things (Doctors says no to golf this year) on a keyboard. Now I have a great reason for all my spelling and grammar errors.
Anyway, I am helping (or he is helping me) William, the younger of the two put his socks … (2 comments)
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mortgage broker: Muenster Cheese & Cheddar Cheese Pie - 04/11/08 11:01 AM
My girl friend received this in an email - and we worked on the recipe to reduce the fat and calories
Author unknown:
Original recipe -- replaced with
2 egss, well beaten --- use egg beaters
1 cup milk ---- use low fat or no fat milk
3/4 cup flour
1/4 tsp pepper
5 ounces ham, chopped … (4 comments)
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mortgage broker: How Are Scores Calculated? - 04/10/08 09:44 PM
How Are Scores Calculated?
Your credit report is the basis of your FICO® score. The report details your credit history as it has been reported to the credit reporting agency by lenders who have extended credit to you, by court records and by you. The FICO score analyzes information from the trade line, … (0 comments)
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mortgage broker: Choosing the best real estate agent and loan officer - 04/10/08 05:30 AM
As a real estate professional, I view every person in our industry as a professional until that person breaks that bond or that impression.
Since before I was licensed, I've always run into people who don't treat their real estate business as a business. For example, not returning my emails or phone … (2 comments)
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mortgage broker: Rebuttal to the Notion that Mortgage Brokers are Redundant in the Banking World - 04/09/08 09:02 AM
The late 70's gentleman who found his way to my office (broker) had been referred by a client. Quiet, principled, churched, and a Rotarian for more than half a decade, he had fallen on hard times when a business venture folded. He had extended credit to his customers, and they had … (28 comments)
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mortgage broker: Washington Mutual Shuts Down Wholesale Lending - 04/08/08 11:07 AM
Washington Mutual announced yesterday that it was shutting down it's wholesale lending division. I personally didn't do a lot of business with WaMu so it doesn't really affect me but I know many loan officers who had solid working relationships with Washington Mutual and they will have to invest a lot … (3 comments)
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mortgage broker: Washington Mutual Shuts Down Wholesale Lending - 04/08/08 11:05 AM
Washington Mutual
I personally didn't do a lot of business with WaMu so it doesn't really affect me but I know many loan officers who had solid working relationships with Washington Mutual and they will have to invest a lot of time to build a working relationship with another lender.
The way the … (4 comments)
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mortgage broker: stay tuned - 04/06/08 09:37 PM
More interest rate reductions are expected to follow......stay tuned … (1 comments)
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mortgage broker: Lessons Learned - Are you doing any of this?? - 04/04/08 07:23 PM
I've copied below the results of an extensive sales rally. Great input into some things you should be doing - Enjoy the alphabetized list : )Add one individual per week to your contact list.After every showing, report to the owner the buyer's impression of the property.After you sell the house, buy … (6 comments)
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mortgage broker: Good Morning America : Turbo tax vs. Accountant - 04/03/08 08:51 PM
To see which method gives tax filers the "biggest bang for the buck", ABC's Good Morning America recently compared three popular tax preparation services:
TurboTax H & R Block Personal accountant In declaring TurboTax the "winner", the 4-minute video glossed over several important tax-related items.
The first is that true tax … (1 comments)
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mortgage broker: Loan Officers - Males Or Females Winning The War Of Blogging?? - 04/02/08 09:34 PM
So after browsing around Active Rain and looking at other loan officers to see who is out there... I noticed that on the first 2 pages of Loan Officers out of the first 50 loan officers only 7 of them are females. Only 2 of us are on page #1. Click … (3 comments)
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mortgage broker: Simple Real Estate Definitions: Discount Points - 04/02/08 01:07 PM
More commonly called "points", discount points are up-front fees charged by mortgage lenders in exchange for lower mortgage rates.
The cost of one point is one percent on the loan size and discount points appear on Line 802 of the HUD-1 Settlement Statement.
As a general guideline, each point paid … (4 comments)
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mortgage broker: Don't Go it Alone - 04/02/08 12:32 AM
There are some skills you can learn on your own, and some you can try to learn, but if you intend to succeed, the best thing you can do is to arrange for first-rate instruction. The self-taught person is on a chancy path. Some of those who have taught themselves - … (0 comments)
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mortgage broker: Financing Northeast Florida Real Estate-Seller Financing for those Fl listings - 03/31/08 12:15 PM
More and more attention is being paid to creative financing options when trying to sell or buy Northeast Florida real estate. It almost seemed for a while that the money pool available for financing homes or condos in the state of Florida had dried up. However, while financing a home or … (0 comments)
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mortgage broker: Qualify for the home that you want - 03/30/08 06:08 PM
Cant' Qualify for the home that you want?
Having problems qualifying due to increased prices? Don't dispair, help is here!
Many would-be buyers are being priced out of the market. For Canadian homebuyers stuck on the income obstacle, the latest mortgage news on the street will come as a delightful shock. … (0 comments)
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mortgage broker: New To Active Rain - 03/26/08 04:05 PM
I'm new to Active Rain and am trying to establish connections with other mortgage professionals to bounce ideas off of etc. I know this could cause some competition if we were in the same state, so maybe someone from out of state would point me in the right direction to establish … (10 comments)
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mortgage broker: An Introduction to the other half..... - 03/25/08 08:09 PM
All I can say is "BETTER LATE THAN NEVER.." my husband Charlie Doriguzzi with Cavalier Mortgage has now joined the very famous Active Rain that I have been talking about for a little over a year now.
He has been been in the mortgage industry alot longer than myself and … (23 comments)
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mortgage broker: Reverse Mortgages : Financing the Golden Years - 03/21/08 09:19 PM
Reverse Mortgages: Financing the Golden Years
By Tiffany Taylor-Rodriguez, President Platinum Funding
Irvine, Ca – Until recently, seniors 62 years of age and older have not had the best choices when it came to getting cash from their homes. Traditional home loans only offered the option of either selling … (6 comments)
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mortgage broker: CHRIS & DEANE, HARKER COMPANY, PREMIERE PLUS, GULFSIDE MORTGAGE - 03/20/08 10:04 AM
BACK PAGE BACK PAGE PROFILE of DEANE and CHRIS HARKER When you choose DEANE & CHRIS (YOU CAN'T MISS) HARKERyou'll be glad you did - you better believe it.MUCH MORE INFORMATION ATHOME BUYERS ALMANAC SELLERS ALMANAC MORTGAGE ALMANACConsultants, Decorators, Landscapers, Licensed Realtor, Mortgage Broker. A DIVERSE COLLECTION OF INFORMATION ABOUT HOME SELLING, … (0 comments)
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mortgage broker: Financing your Jacksonville Florida Real Estate or Northeast Fl home or condo - 03/19/08 04:22 PM
With all that has happened in the past several months, the action the Feds have taken in the past week are very reassuring to the average Northeast Florida home or condo buyer and seller. All of these actions have a bearing when trying to obtain financing for your North Florida home … (0 comments)
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mortgage broker: Step-by-step examples to improve your borrower's credit scores - 03/17/08 12:38 PM
Before and After: Six credit scoring case studiesIn these case studies we talk about specific scenarios for borrowers that truly help increase their credit scores; getting them to the benchmark scores that will enable you to put them into the various loan programs that are available. All credit report providers have … (0 comments)
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mortgage broker: Broker Fees In Question... - 03/16/08 07:03 PM
It appears our government is at it again! This time they are going after Mortgage Brokers???
In an attempt to restore our expiring economy the Bush Administration is pressing for Mortgage Brokers to have full disclosure to fees charged for originating loans. Lender and Broker trade groups in the past have resisted … (2 comments)
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mortgage broker: First time on Active Rain - 03/16/08 03:58 PM
Hello!!!! I am new! A real estate agent invited me. Is anybody out there??? We are a Mortgage Company based in Clearwater Florida. The company is called PINELLAS FINANCIAL. Anyway, any pointers from any of you out there on how to have fun with Active Rain and meet some new associates? … (6 comments)
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mortgage broker: First time on Active Rain - 03/16/08 03:58 PM
Hello!!!! I am new! A real estate agent invited me. Is anybody out there??? We are a Mortgage Company based in Clearwater Florida. The company is called PINELLAS FINANCIAL. Anyway, any pointers from any of you out there on how to have fun with Active Rain and meet some new associates? … (8 comments)
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mortgage broker: TV or Internet - 03/13/08 08:12 PM
I am faced with a challenge TV or Internet. I would like to get the most bang for my buck. Yet I would like to also get the maximum exposure and return on my dollar. If I advertise on TV I have an audience that is in my market with a … (20 comments)
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mortgage broker: Home Loan mortgage rates continue to decline - 03/10/08 09:24 AM
Home loan mortgage rates continue to fall for 2008. Rates will continue to drop through the end of the year with consumers seeing a low somewhere in the coming months. Why is this the forecast? Several factors will come into play.
The Dow Jones industrial average will continue to fall. As … (2 comments)
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mortgage broker: Mortgage Brokers drive me crazy! - 03/07/08 07:30 PM
I am starting to get a bit frustrated with when it comes to deals falling through because of the empty promises of mortgage brokers. Don't get me wrong, I understand that the lenders are really cracking down and in turn are tightening the reigns. I had a new construction listing of … (4 comments)
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mortgage broker: NEW FHA Loan Limits - 03/06/08 12:26 PM
This is nationwide, but I am only focusing on my back yard. If you want information for your area please visit HUD.
LaPorte & Starke Counties - One Family Two-Family Three-Family Four-Family
FHA Loan Limit $271,050 $347,000 $419,400 $521,250
Porter & Lake Counties - One Family Two-Family Three-Family Four-Family
FHA Loan Limit $410,000 $524,850 $634,450 $788,450
The new loan limits … (7 comments)
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mortgage broker: From FALL to GRACE - from my coach Victoria DelFrate - 03/05/08 05:25 PM
For some people, the phrase, "fall from grace" may invoke images of serpents, apples and fig leaves. What I am referring to, however, sweeps across the consciousness of every human being, regardless of spiritual and religious inclinations. It is a state of mind that can haunt our dreams, stall our best … (0 comments)
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mortgage broker: Single, succesful & STILL RENTING??? - 03/05/08 05:18 PM
So your single, your successful & you're still renting?!! Real Estate is not just a about owning a home. It is a part of your overall financial investment strategy! Consider what renting really costs you! Continue to read the flyer below! For a free report log on to my website at … (0 comments)
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mortgage broker: The Home Valuation Code of Conduct – will not help! - 03/05/08 06:55 AM
The Home Valuation Code of Conduct – will not help!
It has missed the mark.
The N.Y. Attorney General made Fannie and Freddie roll over and agree to sweeping changes in the way mortgage appraisals are ordered. The agreement completely isolates the appraiser form the real estate agent and the … (14 comments)
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mortgage broker: How To Refinance Or Buy Property With A BAAAAD Horribble Fico/ Credit Score - 02/29/08 10:09 PM
Just wanted to let you be aware that I am with lend America bank A.K.A 1-800 FHA. You've probably seen the commercials on TV with the president talking about the foreclosures and the FHA program here to assist in this dilema. If you know anyone looking to purchase property, anyone looking to refinance or anyone … (1 comments)
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mortgage broker: FHA Loan Limit for NW Indiana - 02/29/08 11:38 AM
I am getting this out early and I am about 99% sure this will affect us all in NW Indiana.
In the areas where the median home price is above $583,800, the maximum FHA loan limit will be $729,750. HUD has indicated. In areas where the median price is below $216,840, … (3 comments)
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mortgage broker: Attention Seasoned Realtors and Professionals: Please help me with ad content, what works best? - 02/28/08 09:27 AM
I am moving forward with a Grocery Store Marketing program. The ad will run from May to October, it is a 2ft x 2ft size ad that will be above a very large bulletin type of board. The board will feature a store map, coupons and specials items on sale and … (5 comments)
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mortgage broker: Banker or Broker? - 02/28/08 09:12 AM
With the ever changing market and companies coming and going I thought I would write a blog to help consumers figure out which option is best for them. I think both are great options depending on who you are dealing with. I have am a banker and have been for 5 years now and my … (3 comments)
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mortgage broker: FHA loans and no credit to purchase and refinance? Home grants? - 02/24/08 11:05 PM
Hey Fellow Realtors:
Just wanted to let you all be aware that I am with lend America bank A.K.A 1-800 FHA.. Should you have any buyers, anyone looking to refinance or to debt consolidate. We can help, all they need to qualify is have a minimum of 530 credit score. If they … (39 comments)
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mortgage broker: Invest in your Neighborhood?! - 02/24/08 04:09 AM
You won't find the neighborhood known as The Pocket on any official map of Toronto. But if you happen by a certain east-end block on a hot summer night and hear raucous laughter and see people dancing in the streets, you won't question its existence. Street parties and even a neighborhood … (1 comments)
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mortgage broker: Smile...It's Contagious - 02/22/08 12:38 PM
Have you ever walked around and looked at people expression? When you're sitting at a restaurant, have you ever noticed other people around you? Most people are oblivious to their surroundings. They go through life with their head down and never say a word to anyone.
You, as a Loan Officer, need … (0 comments)
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mortgage broker: What Does the "Credit Crunch" Mean to Canadian Homeowners? - 02/22/08 10:04 AM
The short answer is that it probably means very little to us...
I keep wondering why everyone is panicking about their mortgage rate and whether they will be out of their house in a few years. Honesty, we Canadians are characterized as conservative and debt averse consumers so trust yourself in making … (3 comments)
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mortgage broker: Lafayette & West Lafayette, Indiana - Overview of the Home Buying Process - 02/20/08 09:13 AM
Your Local Mortgage Services:
David MennenMortgage Loan Consultant,OwnerTippecanoe Mortgage, Inc.1221 S. Creasy Lane, Suite JLafayette, IN 47905Direct: 765-448-3200Fax: 765-448-6398Email: dmennen@tippecanoemortgage.comWebsite: http://www.davidmennen.com/
Local Mortgage services for Greater Lafayette, West Lafayette Indiana, Purdue, Tippecanoe County, and the surrounding areas. Local Service with internet rates! Free Quotes! Visit my website for great financial information. http://www.davidmennen.com/
… (0 comments)
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mortgage broker: I am a mortgage broker. What is Zillow and would I benefit from it? - 02/18/08 09:35 PM
Hi Sara, I am a mortgage broker. What is Zillow and would I benefit from it? Thanks, Jim
Zillow is a real estate community where each month more than 4 million people visit each month to get their real estate questions answered. They want to know things like "approximately what is my … (2 comments)
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mortgage broker: Mortgage Clients Looking for a Change - 02/18/08 05:07 PM
Do you ever tire of fancy solicitation letters, phone calls, emails or pop-ups from "big name" mortgage companies telling you that you are "pre-approved" for a mortgage loan. Inevitably, these approvals are reserved for those with perfect credit, a large income, or an expensive house with a small mortgage balance. And even then, … (1 comments)
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mortgage broker: Back to Basics: The Mortgage Guys Take You to School - Lesson 7 - 02/18/08 02:44 PM
WHAT IS NEGATIVE AMORTIZATION? AND IS IT REALLY NEGATIVE?
DefinitionNegative Amortization, or "Neg Am" is defined as a "gradual increase in mortgage debt that occurs when the monthly payment is insufficient to cover the interest due, and the balance owed keeps increasing."What Does this Mean?Quite simply, this means that as a result … (0 comments)
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mortgage broker: Back to Basics: The Mortgage Guys Take You to School - Lesson 6 - 02/18/08 02:29 PM
WHAT IS AN INDEX? AND WHY DOES IT MATTER TO ME?
Let's back up for a moment. First, you should know that any adjustable rate mortgage is comprised of a margin (which remains fixed) and an index (which can and usually does adjust). An index is defined as a published measure of … (0 comments)
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mortgage broker: Back to Basics: The Mortgage Guys Take You to School - Lesson 5 - 02/18/08 02:12 PM
WHAT ARE ALL OF THESE "INITIAL DISCLOSURES" THAT MY BROKER IS ASKING ME TO SIGN?
When presented in person by a qualified Mortgage Professional or received via snail mail or email, you are most likely asking yourself, "What am I about to sign?" Needless to say, this is a valid question and one … (0 comments)
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mortgage broker: Back to Basics: The Mortgage Guys Take You to School - Lesson 4 - 02/18/08 11:20 AM
WHAT EXACTLY IS THE MORTGAGE PROCESS?After agreeing in principle to the terms of the loan by signing disclosures, the first step is to have your home appraised. Once an inspection has been conducted, it usually takes the appraiser about 3 business days to send the report. Your appraisal, disclosures, and other documentation … (0 comments)
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mortgage broker: Back to Basics: The Mortgage Guys Take You to School - Lesson 3 - 02/18/08 11:06 AM
WHY WOULD I WANT TO REFINANCE MY HOME?
This is a common question asked quite frequently by many of today's homeowners. Of course, each individual is unique. But take this quick quiz to determine if you should consider home mortgage refinancing:
Are you paying a high interest rate on your present first or … (0 comments)
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mortgage broker: Back to Basics: The Mortgage Guys Take You to School - Lesson 1 - 02/18/08 10:46 AM
WHAT IN THE WORLD IS A FICO SCORE?The word FICO is an acronym for Fair, Isaac and Co. One's FICO Score is a 3-digit number measuring his or her credit-worthiness. This score is assigned to anyone who has applied for and used consumer credit. The following factors determine a person's FICO score:
Delinquencies. … (0 comments)
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mortgage broker: Who Is Today's Mortgage Client? - 02/18/08 09:55 AM
Today's borrowers face unique financial and life challenges never before dealt with. As a result, some lenders hav come up with creative ways of home financing. Please see the below chart to understand exactly how much disposable income an average homeowner has each month. In this example, we will use the … (0 comments)
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mortgage broker: When is 5.5%, 5.5%? - 02/18/08 09:46 AM
If a mortgage company offers you a 30-year fixed interest rate of 5.50%, when do you begin paying 5.50% interest on the money that you borrow? Your answer to the above question would probably be, "As soon as I make my first payment."Unfortunately, you would be incorrect. But this is a common … (2 comments)
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mortgage broker: Are There "Good" or "Bad" Loans - 02/18/08 09:31 AM
This is a question around which there is much confusion. In and of themselves, mortgage loans are neither bad nor good. As a result, no one can truly, categorically say that a particular loan is either "bad" or "good." What one can determine, however, is whether or not the particular terms being … (0 comments)
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