mortgage questions - fha loans questions - mortgage scenariosAre you a consumer with some questions, but not sure who to ask?

Are you a realtor who has questions or scenarios, and possibly work with a good loan officer, but could use some extra feedback?

You have some outside sites such as Trulia, Zillow, or even Active Rain, to where you can ask such questions?  But what happens if you get like 7 answers and 3 of them are varying or different. And who is to say that you can trust such answers. I see many questions on Trulia that are answered incorrectly, and even the mortgage questions answered by realtors.  Sorry, but if I were a consumer reading this, not knowing any differently and took those answers as gold, as correct... I could be in some serious trouble down the road. Example :

I have seen where one realtor told a borrower that FHA loans were better than USDA loans. Say what? First off, that shouldn't come from a realtor. Secondly, in most cases, the USDA loan will be better. Reminder : Each borrower is different.

I read an answer by a realtor that said you should put 20% down. Sorry, but I disagree with that comment for several reasons. One main point is that cash is king in today's economy, even if you have it. I gave many reasons why in this post. - Don't be cash poor - Cash is King Part 2 of 3 -

 

 

 

Overall, the problem with the internet and such sites as Trulia, is that anyone can answer questions.  And I have seen my share of incorrect or misleading posts on mortgage information on the internet. Not saying that I am God or that I know it all, but if I am not sure, I verify it through reliable sources.  So with that said, I put together a group of 9 loan officers from abroad, all representing different mortgage companies, and that we have over 150 years combined in the mortgage industry.  The Mortgage Myth Busters -

 

 

Mortgage Myth Busters

CLICK ME

 

 

Mortgage Myth Busters group description :

The Mortgage Myth Busters is a group of experts from different companies all over the country that share the commitment to provide consumers with the right answers to their real estate finance questions. Our unique approach of collaborating and combining forces enables us to provide factual mortgage information and invaluable insights especially during these trying times.

Our purpose is to educate and assist the consumer in navigating the often confusing process of obtaining financing. It is our goal to dispel the confusion, myths, and lies that surround the real estate and mortgage industry. We do this in hopes of earning your trust and eventually your business.

 

 

If you have any mortgage related questions as a consumer or as a realtor or even as a loan officer, they can be asked in our questions forum @ Mortgage Myth Busters Questions Forum -

 

You can also ask questions here :

Our Facebook Fan Page : Mortgage Myth Busters on Facebook

Mortgage Questions Group on LinkedIn : Mortgage Myth Busters Questions Group on LinkedIn

 

 

Conclusion : Thoughts?  Opinions?  Feedback? 

On a side note, some time in the future, we will have selected realtors from different states that will be answering real estate related questions on our site also.  thanks

 

 

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For more information on FHA loans, please go to this link. The FHA Expert

For important mortgage insight to watch for, please read : Consumers need to be aware of these Red Flags!

HUD

 

For information about FHA myths & FHA rumors, please read : FHA Myths & Rumors

 

Copyright © 2011 by Jeff Belonger of Infinity Home Mortgage Company, Inc

 
This post has been included in New Jersey Real Estate News Burlington County, NJ Real Estate News Evesham Township, NJ Real Estate News
Post is included in group: 1st Time Buyers
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7 Comments on Have mortgage questions? Have FHA loan questions? How about a mortgage scenario??

OCT
09
2010
1,326,609 Points 37 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Jeff

Thanks for sharing your words of wisdom.

Good luck and success.

Lou Ludwig

 
11:14pm • #1
OCT
10
2010
370,673 Points 18 Featured Posts Outside Blog Attended Rain Camp

You have to check out what you read with people that you trust if the statement is in doubt. YOu are pretty good at this and would tend to believe what you say. I none the less check it out just to be sure if I still question it. I cannot remember that happening however. Keep up the good work. 
12:28am • #2
738,077 Points 231 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

 

LOU... . my pleasure and thanks for stopping by.

ERIC... .  we should always question things, no matter what so-called experts that information comes from. I do it often.. especially when it comes from those media experts. In any case, thanks for the kind words and for the support.

 
6:13am • #3
1,391,255 Points 28 Featured Posts Hit Router Called Shot Master

Jeff, I've been looking at athe Zillow and Trulia market place questions and answers.  It's a good place to get yourself into some serious trouble.  Kind of like asking for medical advice on the Internet.
7:38am • #4
1,156,157 Points 38 Featured Posts Localism Sponsor Outside Blog Called Shot Master

Hey Jeff, You are so blessed to have a large family, that is so great!! Looks like you all had a wonderful time too :) Thank you for sharing your family with us :)
9:43am • #5
413,687 Points 88 Featured Posts Localism Sponsor Outside Blog Called Shot Master

Jeff -- as a needy agent, and one with far more questions than answers, I need my peeps to turn to. Lucky you, I added you to my list without even asking if it was ok! We talked about this a month or so ago. I still would love to help you get more business based on your ability to help Realtors through their needy moments. I have an idea for a blog format for this. Something like 50 questions Realtors have -- or should have -- every day. Ok, bad title, but the idea is good. Snappy titles and snappy answers plus links to longer explanations. Think of Realtor ADD while formatting this....
6:44pm • #6
OCT
11
2010
108,754 Points 4 Featured Posts Localism Sponsor Attended Rain Camp

Jeff - Great information as always....
9:33am • #7


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Jeff Belonger-The FHA Expert - FHA Loans - FHA mortgages - USDA loans - VA Loans

Cherry Hill, NJ

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Address: Cherry Hill New Jersey 08034 08002 08003, Haddon Heights New Jersey 08035, Haddonfield, NJ, 08033

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I just want to educate people about mortgages and the process. In regards to lending, I am very creative, intuitive, honest, and one who communicates information, may it be good or bad. I am a loan officer that looks out for your best interest.







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