mortgage professional: An Open Letter to the Austin Mortgage Broker who Emailed Me Yesterday - 08/06/08 10:11 PM
Hello Sir/Madam - In the interest of protecting your identity, I will not reveal your name on this post. However, I did want to take a couple of minutes to give you my opinion of your spam email with the following subject:
"We can do the hard loans!"
Really?
Wow, that … (53 comments)
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mortgage professional: Are First Time Home Buyers Being Targeted By Mortgage Professionals? - 07/23/08 06:57 PM
First Time Home Buyers BEWARE!
I have had quite a few clients in this market that are first time home buyers and it's great! I love helping people find their dream home. There is nothing better than sitting at a closing table with my clients when they sign that last page … (2 comments)
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mortgage professional: How Purchase Loans Are Made in Greater Lafayette and West Lafayette Indiana - 07/01/08 12:03 PM
A Step-By-Step Walkthrough
Pre-approval - Get pre-approved for a mortgage and know in advance exactly how much house you can afford. Completing this step will also increase your negotiating power since you'll be viewed as a "cash buyer".
Loan Search - Put yourself in the hands of an experienced mortgage professional, … (0 comments)
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mortgage professional: Interesting Article in the WSJ - 06/02/08 01:42 PM
Entitled...
Attention Home Buyers: Lock in Your Rate
That headline grabbed my attention - I'm sure it did you.
Brett Arends makes some very good points in the article. As you might guess he sees rates going higher, much higher, sooner rather than later.
Where have I heard that before?
… (4 comments)
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mortgage professional: Shopping by Good Faith Estimate? - You Lose! - 06/02/08 08:21 AM
The Good Faith Estimate Scam
Here's the truth.
A loan officer can out right lie on the GFE.
Surprised? Don't be. They can and some will lie to you for one reason, to get your loan.There are a lot of bad people out there in all aspects of the … (6 comments)
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mortgage professional: It Takes Just 3 Words to Stop the Rate Lock Scam! - 05/29/08 07:50 AM
I know... "What Rate Lock Scam? Never heard of it."
The other day I gave you the power to determine if you were being Bait and Switched on your mortgage loan. There was a lot to digest there.
Yesterday, I gave you the ability to look up a Loan Officer and … (4 comments)
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mortgage professional: Mortgage rates in New York-5/19/08 - 05/19/08 10:58 AM
This mornings rates are pretty much where they left off on Friday. There may a slight increase of .1 -.2 Basis points. FHA rates are very consistent with Conventional Rates. Both 30 year conforming and Government Rates are at 5.5% PAR while 15 year terms on both are roughly 5.25% PAR.
… (0 comments)
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mortgage professional: Jumbo Mumbo Jumbo - 05/08/08 12:16 PM
Jumbo Rate Locking
It's a shame that a great idea can sometimes be dragged down by others.
Yes, I'm still touting Jumbo Mortgage Rates.
Here's a synopsis of what happened.
Tuesday, May 6th: Fannie announces to that they are going to enable lower interest rates for Jumbo Mortgages - pushing … (3 comments)
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mortgage professional: Why I Love My Job - 04/28/08 02:41 PM
I have always enjoyed helping people. From childhood through college I have participated and led many retreats and organizations designed to help individuals, families, and even companies from all walks of life. After graduating with a marketing and finance degree from Gonzaga I took a job with a startup technology company in town. Although I enjoyed developing … (6 comments)
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mortgage professional: Working Through Credit "Surprises" - 04/09/08 03:05 PM
A major part of the job of a mortgage professional, in my opinion, is helping customers get their credit cleaned up in anticipation of becoming qualified buyers. In today's market, lenders have become increasingly tighter, scrutinizing any potential credit issues in an effort to ward off the possibility of foreclosure.
However accurate … (16 comments)
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mortgage professional: Will Brent Bring Down Zillow Mortgage? - 04/09/08 12:46 PM
I like Zillow Mortgage Marketplace. I really do. I can't say I like the Mortgage people who are there right now.
Look out!
Here Comes a RANT.... Case in Point:
Here's a wonderful piece of trash. This was a quote request where the Walnut Creek homeowner was looking for a … (27 comments)
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mortgage professional: Spokane News, Spokane Wa, Spokane Economy - 04/06/08 06:17 PM
Sterling's net income rises sharply ... Sterling Financial Corp. announced first-quarter net income of $22.9 million, or 50 cents a diluted share, up 49 percent from $15.4 million, or 44 cents a share, in the year-earlier quarter. The Spokane-based company, which has been growing rapidly through acquisitions, said its core earnings … (0 comments)
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mortgage professional: Using ActiveRain to break the ice - 04/02/08 10:38 AM
GOOD MORNING!!
I wanted to jot down a quick blog this morning and tell you guys about my experience using Active Rain as an ice breaker so-to-speak. I don't know about you other brokers out there, but if I have a short down time during the day I will jump on email and … (13 comments)
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mortgage professional: Unprecedented Volatility Continues in Mortgage Rates - 03/26/08 01:00 PM
It used to be, back in the "good 'ol days", we saw intra-day rate changes maybe once every couple of weeks. For the past several weeks now, market volatility has been so prevalent, we are seeing intra-day rate changes daily - often two or even three in a day.
As a lending … (0 comments)
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mortgage professional: Selling Your Spokane Home And Getting The Best Price For It, Spokane Real Estate, Spokane Realtor, Home Sales, - 03/24/08 01:53 PM
Call Spokane Realtor Emily Turley @ Tamarack Realty 509-922-7076 http://www.spokanesagent.com/
Spokane Home Sellers Getting the Highest Price in the Shortest Time
In order to get the highest price in the shortest time, you need to know how to market your home. The better you market your home, the more offers you … (0 comments)
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mortgage professional: Selling Your Spokane Valley Home Spokane Realtors @ Tamarack Realty - 03/21/08 12:54 AM
Spokane Home Buyers Build a Plan of Action and Get Ready Buying a home will probably rank as one of the biggest personal investments one can make. Being organized and in control will contribute significantly to getting the best home deal possible with the least amount of stress. It's important to … (0 comments)
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mortgage professional: FHA - Increased Loan Limits Open Doors For More Buyers! - 03/19/08 01:04 PM
Now, more than ever, is the time to partner with a Mortgage Professional who knows FHA/VA Financing!
Hud has recently increased the maximum lending limits on FHA/VA financing. Do you know what your new limits are for the counties you do business in? You can go to the HUD website listed below … (0 comments)
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mortgage professional: Life After Bankruptcy - 03/08/08 09:51 PM
Life After Bankruptcy
By Tiffany Rodriguez Taylor, PresidentPlatinum Funding
Bankruptcy is an uncomfortable subject for a variety of reasons. The most obvious is the potential havoc it can wreak on your finances. Running a close second is the negative stigma which is often attached to the process. This negativity is … (1 comments)
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mortgage professional: Thinking of sellig your Spokane Home? - 02/19/08 01:14 AM
If You Are Thinking Of Selling Your Home!!!
If you are considering selling you home you owe it to yourself to give the Emily Turley @ Tamarack Realty a call or e-mail to set up an appointment for a Presentation and the oppotunity to list your home with me. I will present to you a … (0 comments)
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mortgage professional: Foreclosure information, short sale, bank owned, stop foreclosure,Spokane Realtor - 02/15/08 07:32 PM
We all know that life is unpredictable, and that circumstances often arise that can prevent you from making your mortgage payments. I am here to help! Even hard-working people can encounter unforeseen situations which may affect their ability to pay their mortgage in a timely manner. Many issues can be contributing … (1 comments)
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mortgage professional: Know Your Options When Refinancing - 01/30/08 09:31 AM
I have a client, let's call her Heidi. Heidi is a very successful business owner who needed to refinance her home in order to pull out equity to use in her business expansion plan. Her accountant counseled her that utilitizing her home's equity would cost less in interest, and would be … (0 comments)
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mortgage professional: The Feds, Rogue Traders, & Jumbo Rates - 01/28/08 09:59 AM
This weekend I was at my local lumber yard picking up a door for my bathroom remodel. Dolan's Lumber employs some of the most knowledgeable people in the industry.
I'm a weekend warrior when it really comes to it. I know the right end of the nail, maybe … (3 comments)
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mortgage professional: In case you missed it....Private Mortgage Insurance is tax deductable. - 01/27/08 11:31 AM
As of January 2007 private mortgage insurance or PMI became tax deductable. Recent legislation has now extended this out to 2014. In the past we would restructure your loan with the first mortgage at 80% of the sale price then adding a second covering all or most of your down payment.
Much has changed. … (3 comments)
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mortgage professional: Stimulate OR Simulate Package....and Oscar is around the corner! - 01/26/08 09:22 PM
"Welcome my friends to the show that never ends, your welcome to attend, come inside come inside"
Emerson Lake & Palmer
Yes the political season is in full swing and the Oscars are just around the corner and here are a couple nominees:
FOR BEST ACTOR:
Barney Frank, Chairman of the House Financial Services Committee
For his … (2 comments)
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mortgage professional: It was 20 years ago today.... So what are you waiting for? - 01/25/08 11:41 AM
The interest rate in January 1988 was 10.38% at a cost of 2 points. http://www.freddiemac.com/pmms/pmms30.htm.
Top songs of 1988
Roll with It - Steve Winwood, One More Try - George Michael, Every Rose Has Its Thorn - Poison, Look Away - Chicago, Man In the Mirror - Michael Jackson, The Flame - Cheap … (5 comments)
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mortgage professional: Shop the Professional for better results. - 01/23/08 01:17 AM
If you call a bank, broker or access the Internet to obtain an interest rate quote and you are not asked a specific set of questions prior to obtaining the rate quote it is probably wrong and it may be the wrong program for you anyway.
In order to obtain an accurate quote, … (0 comments)
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mortgage professional: Great time to refinance! spokane home loans, low rates, debt consolidation, poor credit, self employed - 01/11/08 03:58 PM
People often ask "when is the best time to buy?" or "when should I refinance?"
The best time to get financing is simple:
When you find a house you like, are offered a loan that meets all of your needs and you can afford the payment, It is time!
I often hear "I want … (0 comments)
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mortgage professional: California Lien - ing - 01/09/08 09:18 AM
… (11 comments)
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mortgage professional: Top 20 Bloggers? - 01/04/08 03:34 PM
Once Upon a Time...
According to one of the best in the mortgage business,
The Mortgage Cicerone
Mike's Minute was voted one of the top 20!
The Storytellers:
Mike Mueller - A long time blogger that not only contributes at Lenderama, he maintains his own site at Mike's Mortgage … (32 comments)
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mortgage professional: Why not get it right? - 10/17/07 10:02 AM
Sometimes I am accused of preaching. It's true, I sometimes do. Lately I have been preaching that the media is presenting a rather skewed picture. I often mention that they are getting it wrong. They are. I am watching a guest on CNBC right now that just mentioned that there … (7 comments)
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mortgage professional: First Time Buyers? - YES! - 10/11/07 01:15 PM
I wanted to share a short story with you.
This is Reza.
Reza is 29 years old, he works as a bartender.
Tomorrow morning Reza will become the owner of his first home. That's right, Reza is a First Time Home Buyer. This picture was taken yesterday just after Reza signed his loan … (10 comments)
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mortgage professional: "... know that I am here, backed by Countrywide" - 08/20/07 09:51 AM
That's how the email ends. The exact same email I have received over and over again, seemingly written by individual loan officers. In truth, it's a propaganda piece sent out by the corporate office straight to the front lines. The Loan Officers. They are supposed to cut and paste the … (9 comments)
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mortgage professional: Feel the Pain - 08/08/07 09:13 AM
At first I was just going to let this slide off into obscurity. I can't.
On Friday, I watched Jim Cramer of CNBC have his own personal on camera meltdown. I'm not a big fan of Cramer, but I certainly can feel his pain.
Cramer was upset by the Fed's not paying attention … (17 comments)
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mortgage professional: Please Fasten Your Seatbelts... - 08/07/07 12:09 PM
In the Wall St Journal today is an article, "Mortgage Fears Drive Up Rates On Jumbo Loans".
I want to draw your attention to the chart that's included. In particular, it shows the 10 Yr Treasury Bond Yield and both the Conforming and Jumbo Rates since last January.
Let me make this … (6 comments)
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mortgage professional: Preparing for Home Ownership - What can I do to get ready? - 07/30/07 08:06 PM
Preparing for Homeownership!
So you are thinking about looking into buying your own home, but you don't have any idea as to where to begin, what to do, who to talk with first, what type of mortgage to get, how much money to put down, what documents you will need, so what should you … (0 comments)
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mortgage professional: 10 Year Treasury Note Truth - 06/12/07 06:15 PM
The truth is that the 10 Yr. Treasury Note does NOT create long term mortgage interest rates.
The truth is that it tends to mirror them.
So when we see a 3 month period like this...
and we see a 5 Day period like this...
And we see a morning turn into an afternoon … (2 comments)
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mortgage professional: Don't Buy More House Than You Can Afford - 05/28/07 11:41 AM
Today I logged onto my computer and was caught by a pop-up advertising a $350,000 mortgage for $999 a month. WOW! Normally, I shake my head and close them out. Or, when I see the advertisements on T.V., I change the channel. I had a reality check the other day when … (11 comments)
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mortgage professional: Rate vs APR - 05/09/07 11:10 AM
Published By: a la mode, inc. … (4 comments)
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mortgage professional: Attention Arizona Realtors! - 03/15/07 06:11 PM
Frustrated with your current lender? Wish you could count on your preapprovals? Or are you just in need of a mortgage lender who will go the extra mile for your deals?
I am your trusted Mortgage Professional.
I am looking to partner with top performing Realtors in Arizona who want to increase … (1 comments)
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mortgage professional: The Housing Bubble That Simply Never Happened And Won't - 02/18/07 02:07 PM
I wanted to share a wonderful piece that an associate of mine recently wrote for my Charleston Your Home Blog:
Is everyone else tired of hearing about the housing bubble? I sure am. The supposed bubble is predicated on the idea that home values have risen at astronomical rates over … (0 comments)
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mortgage professional: Mortgage Fraud Schemes In Your Local Market... - 01/25/07 01:06 PM
My company offers its originators ongoing advice on Mortgage Fraud Prevention. Here is detailed information on some of the various schemes prevalent in the real estate industry today that may benefit everybody. Many of the six schemes identified below have been around in some form or another and are certainly not all … (28 comments)
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