plattsburgh mortgage: 668 Mason St. Morrisonville, NY 12962
- 09/08/15 03:23 AM
668 Mason St Morrisonville, NY 12962 For Sale $129,500 MLS#: 152300 Single-Family Home 4 Bedrooms 2 Bathrooms (Full) 1424 ft² Lot size 0 acres Built in 1955 School District: Peru Central Cathedral Ceiling(s) View More Details Agent: Garrett Hemmingway Realtor
(518) 637-5360 Century 21/Foote Ryan 483 Route 3 #200 Plattsburgh NY 12901
Sponsor: Chris Ohlsen VP of Mortgage Sales
(518) 565-0799 Guaranteed Rate, Inc. 24 Margaret St.Suite 2 Plattsburgh NY 12901
Useful Links: See Full Details View More Photos Request Showing Request More Info Map View Contact Agent Equal Housing Opportunity … (2 comments)
plattsburgh mortgage: 1 Pinewood Drive. Peru, NY 12972
- 09/08/15 03:13 AM
See Details View All Photos Request Showing Request More Info Map View Contact Agent 1 Pinewood Dr Peru, NY 12972 MLS#: 151576 For Sale $189,900 Single-Family Home 4 Bedrooms 2 Bathrooms (Full) 2488 ft² Lot size .82 acres Built in 1975 School District: Peru Central View More Details Agent: Garrett Hemmingway Realtor
(518) 637-5360
Century 21/Foote Ryan 483 Route 3 #200 Plattsburgh NY 12901
Sponsor: Chris Ohlsen VP of Mortgage Sales
(518) 565-0799
Guaranteed Rate, Inc. 24 Margaret St.Suite 2 Plattsburgh NY 12901
Equal Housing Opportunity … (4 comments)
plattsburgh mortgage: Happy to Be a Part of Guaranteed Rate in Plattsburgh, NY
- 06/05/15 02:23 AM
I recently changed employers but with some reservation. I really like the guy that I previously worked with and hope to remain long term friends with him. I'd worked with him in the past and jumped at the opportunity to work with him again because we work well together. My issue was with the bank which shall remain nameless in this blog post. They just seemed to have such a backwards process. They wanted files that met the 100% QC test but when we submitted clean files they deconstructed them and then asked us for everything that we submitted in the initial … (0 comments)
plattsburgh mortgage: Reciporcate, Reciporcate, Reciporcate...
- 09/12/14 02:25 AM
Reciporcate at Work and at Home... I haven't written a blog post in a little while but I have been posting some properties here on AR for my referral partners. I know that I should be blogging daily but as we all know it is sometimes hard to find the time. It's friday so I want to leave you all with this thought: Every time I see that someone has commented one of my blog posts or a listing of one of my referral partners the words "Reciporcate, Reciporcate, Reciporcate" run through my mind. It's a nice mantra because it applies to all … (0 comments)
plattsburgh mortgage: True No Money Down Mortgage with Lender Credit!
- 07/23/14 03:32 AM
Zero Money Down; I stand Corrected I wanted to know if there was a way that I could do a true No Money Down Mortgage and I found the answer. The answer is a resounding YES!!! That is where a lender credit comes in but of course there is a tradeoff. Let me start by saying that here at Plattsburgh Mortgage Company we do not get paid on origination or SRP. We only get paid on volume so there is no benefit for us to charge anything on the back end. I have found a benefit in it for you … (4 comments)
plattsburgh mortgage: Please Do Not Incur Any New Debt During the Loan Process
- 07/18/14 04:25 AM
This May Go without Saying but it does Bear Repeating It is imperative that when you are in the process of obtaining a mortgage loan that you do not incur new debt. It is even better if you don’t even have your credit pulled at all. See the image below? (Screen shot of note on the bottom of an actual pre-approval) That is at the bottom of every single conditional approval that we receive.
There is a very good reason for this. When we qualify you we calculate your debt to income ratio (DTI) and that has a lot to … (8 comments)
You’re still going to have to bring some money to the closing table. You may or may not know that there are still NO MONEY DOWN home loans available for some areas under certain circumstances. I wrote a featured post yesterday about some borrowers that were less than truthful with me through the lending process and I ultimately had to deny their application. One of the comments on that post got me thinking about this. Carla Muss commented in part that “Maybe they thought they didn't need a down-payment because they watched some TV … (12 comments)
I would never come right out and call someone a liar because that would be bad for business and afterall it could just be a series of miscommunications. The thing about obtaining a mortgage though is that everything and I mean absolutely EVERYTHING needs to be documented. Everything that you tell your loan officer will be verified before we get to a closing, believe me! So, I took an application sometime last month and while these people were not the best borrower's in the world they had pretty decent credit and were qualified for … (72 comments)
plattsburgh mortgage: Yes, I Would Lend to a Qualified Elderly Couple
- 07/03/14 01:09 AM
I know that this is Obvious but it bears repeating. A couple of days ago I read a post that asked if you can give a 30 year mortgage to an 85 year old couple. The post was popular here on Active Rain and there were quite a few responses that pointed out the obvious. Obvious to anyone who has been in this business for any period of time anyway. The fact is that most people move every 5 - 7 years. Very few people stay in a 30 year mortgage for 30 years. And there are Fail-Safe's in place in … (0 comments)
plattsburgh mortgage: Old School Stip Chasing for Cancelled Checks
- 06/25/14 07:18 AM
I write some blog posts to share my experiences with other professionals. I write some for the benefit of consumers. It's rare that I write a consumer centric post that also benefits professionals such as this one. I want to share an experience that I had recently. I am working with a woman who purchased a home on a land contract. There were some issues with the file and we have been working with her here at Plattsburgh Mortgage Company for over a year to help her fix up her credit. So when it finally came time to get her out … (10 comments)
plattsburgh mortgage: Double-Wide Financing Does Exist
- 06/12/14 04:42 AM
Double-Wide's have always been notoriously difficult to finance in the past. It is still very difficult to find financing if you are in the market to purchase an existing Double-Wide. There are not a lot of lenders that will finance Double-Wide's because they depreciate in value. There are some very nice Double-Wide floor plans out there. They present an afforable option for home ownership. The only Problem is getting financing on them. Although there are a lot of banks that won't write the loan on a double-wide there is a loan product available that goes to up to 96.5% with 3% … (0 comments)
plattsburgh mortgage: a pretty website won't get you leads
- 09/03/08 05:43 AM
I got a pretty website that I thought would really produce a lot of business for me. I thought that the fact that there are 18 lead capture forms on each page that it would naturally collect a lot of leads. I was sold on the site by the things that the sales rep told me; most of which ended up not being true. I purchased my site from Superior Internet Solutions around 4 months ago and so far it has collected around 7 leads total. Not terrible I guess but I was expecting more. I thought that I would be … (14 comments)
plattsburgh mortgage: Should I worry about Defamation of Character?
- 07/03/08 03:54 AM
I worked for a now defunct mortgage company named SMC Mortgage Company in Glens Falls, NY. I was not happy with my experience there after leaving. Actually, I began becoming unhappy a while before I left... I did not like the common consensus that my former colleagues seemed hold... They gave each other high fives when they were able to really "sell" someone on a bad loan! It was like they took pride in in pulling the wool over people's eyes... Like that made them "good"! The mortgages that I wrote were frowned upon by management for not have a high enough … (6 comments)
plattsburgh mortgage: Can you believe it!?
- 06/12/08 05:53 AM
I can't believe it... I mean, I know that it is true I am just mystified by it. I don't understand why anyone would do something like this... I am talking about an underwriter at an ailing bank. The Bank is HomeComings Financial (ResCap) and I won't mention the individual because I do not want to be sued by her in case she comes across this post on the internet. I have been working on a file for a little while now; This file has been wrought with complication. The borrower is very well qualified with a 757 mid credit score, 20% … (7 comments)
plattsburgh mortgage: Are you shopping rates or are loan sharks shopping you?
- 06/06/08 08:57 AM
Shopping for an interest rate is one of the absolute worst ways to shop for a mortgage. The really funny part in saying as much is that people become sceptical when it comes to a Mortgage Professional saying that shopping for an interest rate is the worst way to go. The irony here is that a dishonest loan officer will jump at the chance to offer you a below the bottom interest rate that does not really exist for your situation and a Mortgage Professional will tell you the truth. The truth is that I can no more quote an interest rate … (2 comments)
668 Mason St Morrisonville, NY 12962 For Sale $129,500 MLS#: 152300 Single-Family Home
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