Members: 122,705 -
1,900 Online Now Login
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Blog entries tagged with "mortgage":
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers
and brokers listed on this site. These real estate profiles, blogs and
blog entries are provided here as a courtesy to
our visitors to help them make an informed decision when buying or selling a house. ActiveRain
Corp. takes no responsibility for the content in these profiles, that are written by the members
of this community.
© 2007 ActiveRain Corp. All Rights Reserved 
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Once it was called a "Buyer's Market" due to the inventory of homes for sale. There were more homes for sale than buyers. However, the market was still favorable, buyers' had their choices of morgage products. However, in today's market, at least 145 mortgage companies have closed their doors, including the … (1 comments)
This morning, the government reported that the U.S. economy lost 4,000 jobs in August. Led by losses in manufacturing and construction, this is the first time since 2003 that the economy has failed to add jobs in any given month.
Be a Flipper, not a Flopper
Google has a pretty cool widget gallery you can add to your start page. I just added mine. Fun stuff! 
Sub-prime lending is a type of loan that is given to a person that does not qualify for the best available interest rates. This is usually because the person looking to buy the real estate has a poor credit history and, therefore, does not qualify for a regular real estate loan.Since … (0 comments)
This post is essentially for anyone associated with the building, development, or sale of new real estate. However, this can be very educational for those who are looking into getting started in the new construction business. It will consist of 2 parts; the first being a general overview of how Countrywide … (0 comments)
According to the California Association of Realtors, www.car.org, the association is pushing the Senate to pass California HR 1427, which will allow conforming loan limits to go from $417,000 to $625,000. It passed in through the House of Representatives in May, but is currently stalled in the Senate.
Hi friends and Collegues,
Edited
Welcome to the end of the ongoing struggle to stay organized. Your contacts are your livelihood and the source of your ongoing success. Don't waste your time attempting to manage your contact information with a generic system not made for the mortgage industry. Homebase uses your contact records intelligently in every … (2 comments)
The committed mortgage professional will:1. Communicate. Be available and return my phone calls–within at least a couple of hours. Can’t talk? How about text messaging? Email works, too.I believe that communication is the most important part of life. My father told me when I was a young boy that your word … (0 comments)
Mom used to cut chicken, chop eggs and spread mayo on the same cutting board with the same knife and no bleach, but we didn't get food poisoning.My Mom used to defrost hamburger on the counter, AND I used to eat a bite raw sometimes, too. Our school sandwiches were wrapped … (1 comments)
On this date in history...Great fire of London occurred in 1666.1st US lighthouse was built in Boston in 1716.Women's Right's Convention met in NYC in 1853.Carnation processed its 1st can of evaporated milk in 1899.William McKinley, the 25th US President was shot by anarchist Leon Czolgosz at the New York Buffalo … (0 comments)
Why you should get an Inspection
Hey All, 
I saw a blog this morning, giving advise on predatory lending, and how to avoid it. See Rita Gibbons blog http://hthttp://activerain.com/blogsview/195703/Avoid-Predatory-Lending I know my situation last night was a lot more involved than I went into detail in my comments, and must still say, it was borderline predatory. If is was, … (3 comments)
If you are looking to purchase a home but find that you either do not have enough saved for a downpayment or that you do not want to liquidate financial assets to use as a downpayment, this report reveals how you can purchase a home with no money down.
Recently here in Phoenix, AZ a bill passed that allows REALTORS to put a sign up, or in the window of a home that is listed for sale in a subdivision with a HOA. Until that bill passed, HOA's had bylaw or CC&R's that did not allow REALTORS to have signs … (10 comments)
Adjustable rate mortgages or ARMs are chosen by about one third of all loan applicants. Unfortunately, many people do not understand the key components of an ARM or how they are calculated. It is critical to understand the four key components of adjustable rate mortgages when comparing loan offers from various … (0 comments)
Subprime Mortgage Collapse causing huge Mark-down in Home Values & prices. There is a great graphic in Fortune Magazines September 3rd issue that clearly illustrates the time-line of variable rate mortgages due to have their interest rate reset in the next 18 months. It most certainly shows that December of 2007 … (0 comments)
It has never been more important to be pre-approved for your mortgage before beginning to look for a new home. Sellers are seeing transactions evaporate as lenders renege on lending commitments and borrowers who thought they were in good shape - and six months ago would have been - are finding … (1 comments)
Steve Carrigan, Mortgage planner and Branch Manager of Pinnacle Financial in Camarillo, CA wrote a great article which presents the history of the mortgage lending industry in the United States, what is happening in this industry today, and how the changes affect/benefit the consumer. It is reprinted here with permission. I … (1 comments)
There was an excellent article in today's Wall Street Journal by Greg Ip titled "Lenders Urged to Help Avoid Foreclosures" on page A2. http://online.wsj.com/public/us (I read the Journal everyday and at $1.50 it's worth every paragraph!)
It has been a very busy year and summer. The busiest August I can remember. Manhattan has been very fortunate this year compared to the rest of the country. 
While I strongly feel a good correction will only strengthen the market further in the long run, it is always a little surprising when the numbers come out. 
FHA streamline refinance is simply a mortgage refinance of an existing FHA loan with limited amount of documentation and qualifications thereby "streamlining" the loan process. FHA Streamline Refinance is a mortgage refinance program HUD has permitted since the early 1980's.
According to an article in today's Boston Globe, Federal Reserve regulators are urging mortgage providers to step in and assists borrowers at risk for default, to help them avoid foreclosure. This comes as no surprise. Over the next two years, approximately 2 million sub-prime adjustable rate mortgages are expected to increase … (1 comments)
I was fortunate enough to be asked to present my Commercial Mortgage Basics teleseminar to the NMC Mortgage Network a couple of Saturday's ago with the program being recorded. If anyone that joined me for one of our previous teleseminars would like the link to listen to it again, please let … (0 comments)
Another shaky month in the real estate industry with so many conflicting reports on the news. Every day, the experts speculate about what will happen next. What will happen next? For many consumers, the ARM (Adjustable-Rate Mortgage) was the only answer to their home loan needs. A couple of years ago, … (2 comments)
(Due to reader misunderstanding, as demonstrated in comments 1-6, I am adding some clarification to this blog - I only work with buyer clients who have first acquired mortgage pre-approval. This is office policy. Also as office policy, all buyer clients on first meeting receive a list of recommended financial officers.) 
Federal and state regulators are busy at work. They came out again today to try to charm the mortgage industry into working with at-risk homeowners to help them avoid foreclosure. Their main focus is on the subprime borrower who acquired a home loan with a spotty credit record. This time they … (2 comments)
The National Association of Realtors is reporting that home sales for the month of July were down 9% from the same period a year ago. Add to this the recent triple-whammy in the financial press of dismal housing starts, housing permits and mortgage lender meltdowns, and you can guess what we … (1 comments)
Do you feel you can not qualify to buy a Home? Well think again...New Loan Program is available. This Loan program is very flexible. It enables you to buy a Townhome, Rowhome, Single Family or a condo. $100,000 min.-Maximum up to $417,000.
I have a great first mortgage rate of 5.25% but my equity line of credit payment has doubled! Does it make sense to consolidate my first and equity line? The answer could be determined by calculating the "blended rate". A simple way of doing this is to take each mortgage balance times their interest rate. This … (2 comments)
Recently I closed on a loan for a couple that had spent over six months with their Realtor trying to find just the right house that fit within all the changes that we ran into within this fickle market. Everything seemed to be finally worked out between the seller and … (5 comments)
The latest economic forecast by the NATIONAL ASSOCIATION OF REALTORS® shows home prices recovering in 2008 as housing inventory falls from current levels. "Buyers now have an overwhelming advantage given the wide selection of homes available in many markets," says Lawrence Yun, NAR senior economist. "But with profit margins coming under … (3 comments)
Adjustable Rate Mortgages (ARM) are not very unpopular right now thanks to the media bashing them. To make things worse, they currently (August 31, 2007) have higher rates than Fixed Rate Mortgages. This poses a problem for people that want a lower payment but now are demanding the secure rate of a Fixed Rate Mortgage. 
If you could show a perspective buyer how they could lower their effective mortgage interest rate and at the same time save thousands of dollars in interest without changing their life styles, wouldn't that help your buyer make a better more well informed decision? I think so, and it could also … (3 comments)
I came across a great article from the Dow Jones web site MarketWatch.com. This is a great web site for real estate professionals and I suggest that we bookmark it as a daily source of valuable information.
I didn't choose my darling. Oh, I bought the ring and posed the question. But even though she responded to my "marketing campaign" in the affirmative, it would be a mistake to think the relationship was my choice--that I decided, and it was so. She did the choosing.
New Page 1
No Equity?
World Markets – StrategEcon
Virden Thorton of the Selling Edge
In Part I, of What to Look for in a Real Estate Loan, we discussed the components of the loan that do not require lenders' quotes. The following components of the loan, including interest rate, points, and closing costs can get pretty involved and you will probably need to discuss the … (3 comments)
You won't find a lender with a better opporunity than what is available at Boulevard Bank.
Short Sales: A Common Questionby John Occhi, Hemet CA REALTORMission Grove Realty 
There is not a better time than now to have everyone, friends and family members ,and coworkers have their mortgage reviewed to ensure they won't be one of the unlucky ones to have their Arm adjust out of control. I personally am contacting all of my client base to do their annual review, … (1 comments)
100% commercial loans are our specialty. We are constantly acquiring access to new 100% commercial funding platforms for commercial real estate, acquisition, development and construction projects, movie production financing and business ventures. Please call 443-535-8987 for the most up to date program availability or visit our website at www.drgcommercialloans.com. Below are … (2 comments)
Thank you to Jeff Belonger I have been given the task, honor?, duty of writing a MEME. Although this is all new to me, I am always game. So... I am to reveal five things about Me:
We have all seen the TV Ads, emails and are hit at home with letters from various lenders about how we should refinance now!
In Part 2 of this series I discussed the impact of the mortgage meltdown on clients wishing to buy a home in Raleigh and surrounding areas. Today’s final installment will cover what this means to the average Raleigh home seller. I will also attempt to address the reaction of financial markets … (0 comments)
Authored by Kiran & Kiranhttp://www.homesandloansphx.com/ 602-550-4842
… (1 comments)
Earlier today President Bush addressed the sub-prime crisis and what the Federal Government plans to do to help homeowners at risk of losing their homes.
Looks like there is more info to come...Fannie and Freddie are likely to expand as well.
… (0 comments)
Gee, things have changed in the mortgage market, and that buyer who qualified to purchase a scant 45 days ago now finds him/herself scrambling to figure out how in the world they are going to keep from losing the earnest money on that home they put a contract in on, met … (2 comments)
Team;
The recent mortgage turmoil has many wondering about the impact on the economy, mortgage industry, and the real estate sector. As a landlord myself, I was curious to determine the affect of the market changes on the pool of tenants and future rental rates. For some answers, I went to a … (2 comments)
There are two main products being marketed as a way to payoff your mortgage faster. Other then simply throwing more money at your current mortgage or paying bi-weekly.
In all of my years of meeting people, listening to their heartaches and joys of home ownership. I have never left an appointment in tears until last Thursday. For years now every listing appointment was celebrating the joy of how much money the homeowner would make by selling the home … (3 comments)
We have all heard that President Bush wants to remove the 3% Down Payment requirement for FHA. His next move may be to offer FHA as Subprime Mortgage Relief. 
If we change none of our habits by the year 2015, 75% of all Americans will be obese , at a cost of $75 Billion per year. Could we spend that kind of money elsewhere with a better ROI? 
Like sand through an hour glass so are the days of our lives so does the mortgage business change. We all have done some pretty quick thinking lately to keep up with the recent changes in the mortgage industry. 
I don't know about you, but the turmoil in the loan markets has got me scrambling to be sure all of my clients are with credible lending institutions. I'm double and triple checking that I've got written proof that they are approved by at least one leading lender who is not … (6 comments)
Given the sorry state of the Alt-A and Subprime markets today (although they are slowly coming back) I have been seeing more and more call for my old pal - the Govie loan. The FHA and VA loans that were my bread and butter when I started in the business are … (1 comments)
This is unquestionably one of the most challenging times in the annals of mortgage lending. As such, this communication is the first of a series that will outline how Countrywide®, America's Wholesale Lender® is navigating through this challenging market. Additionally, it is my desire that these ongoing communications will share some … (2 comments)