mortgage broker: Homeowner equity in the last 12 months hits 1 trillion!
- 12/28/18 10:54 AM
Source: Corelogic Nationally, homes with negative equity was 4.7% in the first quarter of 2018. 640,000 borrowers moved into a positive equity position from the 1st quarter of 2017 to the 1st quarter of 2018 Mortgaged equity increased by 1 trillion from the 1st quarter of 2017 to the 1st quarter of 2018, which is an annual increase of 13.3%. In five years home owner equity doubled. I remember joining Active Rain back in 2009 when people were struggling due to negative equity and real estate transactions were scarce. I had the opportunity to make a lot of friends here! Unfortunately … (0 comments)
mortgage broker: Loan officer, banker & broker - are they different?
- 06/21/10 07:50 AM
Lending money and assembling a loan file to get the money are two separate things. People who assemble your loan file are all called "loan officers." You can hire and pay the loan officer at the bank or hire an independent loan officer (mortgage broker) to complete this task for you. Example: Take your car to the dealer (bank) or to an independent mechanic (broker). Banks lend their money and only offer loan programs that they have. They do not shop various lenders and do not have the flexibility to go to a diffferent bank to get money if your … (33 comments)
mortgage broker: Do you enable the banks using TARP funds to pay huge bonuses?
- 04/07/10 06:11 AM
Some choose to pay more for a mortgage at a bank because of trust. They know a big name, assume they can’t do much better and feel protected. In my opinion those who do are enabling banks that took TARP money due to poor management and then paid themselves huge bonuses. 15 minutes could save you 15% on your mortgage fees. A loan from a large bank could cost $30,000 or more over 30 years compared to a brokerage or small to mid sized lender. 100 million dollars was spent to place a name on the side of a sports stadium. … (3 comments)
mortgage broker: Search homes for sale in Raleigh, Cary and mortgage rates 1-6-10
- 01/06/10 06:42 AM
Search homes for sale in Raleigh, Cary and throughout Wake county by clicking on the picture of the home below for Wake county MLS. Compliments of Craig Rutman. If you want the most up to date mortgage rates click on the picture that says "rates".
Search homes for sale
Get current mortgage rates
If you are shopping mortgage rates to finance your home in Cary:
being misled!
Advertised mortgage rates are usually out of date because mortgage rates change daily. Sometimes a few times a day. It's impossible to ask for … (1 comments)
mortgage broker: Homes for sale in Raleigh Cary and current mortgage rates 1-5-10
- 01/05/10 02:34 AM
To search homes for sale in Raleigh, Cary and throughout Wake county all you have to do is click on the picture of the home below for Wake county MLS. If you want the most up to date mortgage rates click on the picture that says "rates".
Search homes for sale
Get current mortgage rates
If you are shopping mortgage rates to finance your home in Cary:
being misled!
You often see mortgage rates being advertised but mortgage rates change daily and often a couple of times during the day. It's … (0 comments)
mortgage broker: Technology saves thousands of dollars and time
- 10/23/09 04:42 AM
It's amazing to me that in this day and age of technology how many loan officers do not make the investment into technology that could save their clients thousands of dollars and save everybody time.
There are a few places a loan officer can go to sign up and pay for a service to alert them of rate changes. Essentially, It's real time trading of mortgage backed securities to help the loan officer decide when to lock or when to float a rate. The one I choose to use is TBWS Rate Alert because I believe it to be … (12 comments)
mortgage broker: Can a mortgage broker specialize in everything?
- 10/09/09 03:06 PM
A mortgage broker can specialize in everything if they are willing to do the work. Here is an example: I specialize in FHA, USDA, Conventional, JUMBO, commercial and commercial construction loans. How can that be? Simple. I study constantly. I also have loan officers in my branch that specialize in one or two areas of expertise. 1 for 15 years who ran a credit union and another who has focused primarily on commercial and church financing for over 25 years. So when you take that into consideration WE specialize in everything. Can one person specialize in most loan programs? You bet. I do. I had put … (2 comments)
mortgage broker: FHA approved Mortgage Broker Cary NC
- 09/10/09 02:09 AM
You should speak to an FHA approved mortgage broker in Cary NC before planning your move to our area. More often than not people will call a real estate agent who will direct them to a mortgage broker in Cary NC anyway so save yourself a step in the process! It is possible to look for home financing anywhere in the country but think of the advantages of using someone who is local to Cary: We understand the state laws when it comes to financing. State laws vary and the so called national lenders may not be keen to current laws. … (7 comments)
mortgage broker: In a small town you never heard of
- 07/20/09 07:57 AM
In a small town you never heard of... Tom and Sue are arguing and screaming at each other as they are both riddled with anguish and fear as to what will become of them. "I told you we shouldn't have bought the house!" Tom exclaims. "You sure in hell weren't complaining when we bought it! You were the one that had to have the big garage for your shop, remember?" Sue yells back. Tom raises his voice and bellows "You were the one that wanted that stupid adjustable loan so you could have enough money to buy your new car! Remember that?". Foreclosure proceedings have … (8 comments)
mortgage broker: Today's Mortgage Rates - North Carolina
- 07/06/09 02:53 AM
My services include property & casualty insurance, personal budgeting, financial planning, retirement planning strategies, sales training and real estate contract review. Visit my website: www.nevinhomeloans.com Licensed to broker loans with over 300 lenders including Bank of America, Wells Fargo, Citimortgage, Met Life, Fifth Third Mortgage, Flagstar Bank, ING, Lehman Brothers, Luther Burbank, Provident, Suntrust, US Bank and many more. Find a home with our network of professional real estate agents interviewed and selected for their extensive knowledge and expertise! Send us an e-mail with the city and state. nevin@nevinloans.com You may also call me (888) 206-5781 x 1017 … (0 comments)
mortgage broker: The big banks rates aren't so hot
- 06/30/09 07:28 PM
With over three hundred lenders to choose from I receive rate sheets from all kinds of lenders. I am amazed at how high rates are at the "big banks". You know the ones, Bank of America, Sun Trust, Wells Fargo, Chase, US Bank, Lehman Brothers to name a few. However I look at the rates posted by banks you have probably never heard of CMG, Taylor Bean and Whittaker, Provident Funding, Flagstar Bank, First Cal, No Red Tape and these banks consistently have better rates. So does their service suffer? Well for some it does but nothing as bad as what … (0 comments)
mortgage broker: Rates rates rates
- 06/19/09 07:44 AM
Last week they ended higher then came down a little today. Be prepared for a lot of volatility in the weeks to come. There will be new economic data and policy decisions by the fed. I suggest you lock when you can on the next dip. There are moratoriums that were put in place by the Bush administration that will be expiring soon so look out for a new wave of foreclosures late this summer. The economy will strengthen eventually so I am using this time to build my realtor relationships by bringing them value in the form of video marketing and … (2 comments)
mortgage broker: No Fee Loans-how do they get paid?
- 03/16/09 03:48 PM
As a consumer or a realtor you want to get the "best deal" for yourself or your client. Because of this when one goes shopping for a mortgage there are a few things you should know that is rarely in print. No Point no fee loans - So how do they get paid? YSP aka "Yield Spread Premium" or Rebate is a commission paid by the bank to the loan officer. When a lender provides a daily rate sheet there will be a list of different rates for 1 loan program ranging from low to high. The higher the rate the … (0 comments)
;)
;)
;)
