If you choose to ignore our advice you can expect to get frustrated or misinformed and I'll explain why.
Good Faith Estimates are a poor way to compare loan quotes because it is only an estimate. Hence the word "Estimate". Mortgage rates change daily and even a few times a day. Comparing mortgage rate quotes isn't a comparison unless all quotes are provided at the same exact time. Mortgage rates can change at a moments … (0 comments)
mortgage: Carlsbad home loans - Easy as 1,2,3!
- 02/21/10 03:27 PM
Searching for the right home loan can be a daunting task even in a small city like Carlsbad. Banks, credit unions, mortgage companies, brokers or direct lenders. Who to use? All will have very similar rates because they get their money from the same sources. The difference is the cost of running their business. Big banks spend millions of dollars advertising and credit unions have to pay for those snazzy offices.
Guess who pays for that?
We know you want the lowest rate and lowest fees. Financing a home over 30 years adds up to a … (0 comments)
mortgage: You will pay 104% of what you borrowed in interest if you don't refinance
- 02/12/10 05:40 AM
Call it what you want: refinancing, refinance or refi you'd better get moving now because mortgage rates are about to jump. The fed has been buying most of the mortgages in the country and plan to stop at the end of March. When there are no buyers of mortgages, refinance rates will rise. Procrastinating will cost you tens of thousands of dollars in mortgage interest. You could pay for a child's college education, retire a couple of years earlier or buy a fancy car with the money you are giving away needlesly to your bank. Even those with a rate of … (0 comments)
The fed has been buying mortgages causing the rates to remain artificially low which is coming to an end!
If you have been waiting or just unmotivated to start the loan process, time is running out.
Waiting until the last minute will put you in a pool with all of the others who waited and you may … (3 comments)
mortgage: Hey North Carolina - HUD homes for sale at 50% off list price? Yes it's true!
- 01/29/10 03:44 AM
Yes it is true! HUD wants to make it clear that they appreciate the sacrifices and commitment to keeping communities strong throughout North Carolina. Law enforcement officers, teachers- pre-kindergarten through 12th grade, firefighters & emergency medical technicians can become homeowners through the Good Neighbor Next Door Sales Program sponsored by HUD while contributing to community revitalization.
A nice break for our police officers!
If you think about it this opportunity is better than buying a foreclosure!
HUD offers a discount of 50% from the list price of the home.
How it works You … (6 comments)
mortgage: How to get the lowest rate and fees on a mortgage
- 01/26/10 04:37 AM
If you want to get the lowest rate and fees on a mortgage then you have to understand how the game is played: 1) Mortgage rates change daily and sometimes several times a day. To learn more click here. 2) Every loan has fees. Third party vendors want to be paid for their services. Loan officers and their company want to be paid for their services. You will always pay for these services so the question is how? A higher rate = less fees. A lower rate = higher fees. You will not get the best rate paying no fees … (1 comments)
What are first time home buyer programs and how do they benefit the first time homebuyer?
The only first time home buyer "benefits" I am aware of is the tax credit and California's state housing assistance grants. (And other states too_of course!) Other than these there is no special provision for a first time home buyer and some of the lenders who advertise first time home buyer programs aren't even familiar with the state grants. * The few actual programs that are limited to first time home buyers limit the amount of income you can make and limit the purchase price. * Whether you are a first … (0 comments)
mortgage: Mortgage interest rates
- 06/29/09 05:02 AM
My services include property & casualty insurance, personal budgeting, financial planning, retirement planning strategies, sales training and real estate contract review. 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! Visit my website: www.nevinhomeloans.com You may e-mail or call me. nevin@nevinloans.com (888) 206-5781 x 1017
… (0 comments)
mortgage: HVCC is hampering home values and mortgage news
- 06/23/09 03:22 AM
Existing Home Sales were up 2.4% in May to an annual rate of 4.77 million, but below expectations of 4.85 million. Supply is coming down slowing, at 9.6 months from 10.1 months in April. Prices firmed up 3.8% to a median sales price of $173,000, but are down 16.8% on an annual basis. There was a steep drop in the proportion of distressed sales, to about one third from nearly half in prior months. More importantly, unrealistically low appraisals are hurting home sales and slowing the housing recovery. I think HVCC is to blame. Thank you Attorney General Andrew Cuomo for your thoughtfully … (0 comments)
mortgage: What a coincidence
- 06/17/09 02:38 AM
Yesterday I posted a blog about how ACORN is rapidly destroying our industry with their extreme bill proposals. Today I get this e-mail:
They must have read my mind! If you agree that the bills being presented by these consumer advocate groups are misguided then please sign the petition. Have a great day!
If you want to get a home loan or mortgage at a low cost without a lot of work then follow these suggestions. 
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