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6: 6 Steps to Effective Blogging
- 01/04/12 06:53 AM
Market your business -- and your expertise -- on the Internet David Krichmar, mortgage banker, America Home Key Inc. As published in Scotsman Guide's Residential Edition, January 2012.
The mortgage business has changed in the past few years. Closing loans has become tougher, and this has led much of the competition to leave the industry. This is helpful to those who remain, but mortgage brokers and originators still must market themselves to get business.
Previously, simple networking with Realtors could net you new business, but now you must earn that business. One way to do that is to highlight your … (4 comments)
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6: Property Condition Grading Has Changed on all Appraisals. Know your C’s!!!!!
- 12/21/11 09:56 AM
Recently the condition assessment on appraisals has changed. Before the condition options were Excellent, good, poor, etc. That has now changed, they are now rated with letter “C” and a number 1 thru 6. It is important to know these ratings or grades and how it can affect your client. Here is the short explanation of each grade:
· C-1 This is a brand new constructed home that has not been lived in
· C-2 This home has no physical depreciation, deferred maintenance or needed repairs. And all work has been done recently and is similar to that of a … (18 comments)
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6: How Much Can the Seller Pay of my Closing Costs??
- 04/27/11 10:43 AM
Many times I am asked by Buyers and Realtors "how much can the seller pay in closing costs"? It is good to know when negotiating on a home how much the seller can pay of your closing costs. This would make it easier for you to get into a home with less money needed. Here are the allowable amount that a seller can pay in closing costs per the different loan types. The % is based on the sales price. So if the seller can pay 3% in closing costs of a $100k sales price it would be, $3000 that the … (0 comments)
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6: FHA Seller contribution going from 6% to 3%- you have a vote on this!!
- 07/21/10 04:25 AM
FHA is thinking of reducing the seller contribution from 6% to 3%. But they are asking for your input on this topic. Your comment does not need to be a "yes" or "no". Maybe you think the seller contribution should be based on the sales price or credit score. Here is the link to give your thoughts: http://www.regulations.gov/search/Regs/home.html#documentDetail?R=0900006480b1a605. Click on "submit comment" on the top right. Part of the possible changes also include the increase of the min credit score for the min down payment of 3.5% or more of a down payment. But most lenders require a min credit score … (0 comments)
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6: Telfair is the #6 community in the Nation for New Home Sales and other Great Info about this great Community in Sugar Land, Texas
- 02/24/10 07:07 AM
Telfair is a beautiful community that is along highway 59 in Sugar Land at the University Blvd exit. It recently was named the #6 largest new home sales community in the nation. Lets talk about some of the great accomplishments and benefits of Telfair:
It has the recently added Branch of the Houston Museum of Natural Science it was the #1 community in Southwest Houston,(sold 412 homes in 2008) it offers amazing access to highway 59, highway 6, highways 99 and 90(thru New Territory) "Newland Communities" also helped bring New Territory and Telfair communities together with the sidewalk they helped build. … (0 comments)
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6: The Fed is raising rates by .25%. Mortgage Rates will go up
- 02/19/10 12:30 AM
I never write these types of posts, with boring language on what causes rates to go up. If you are like me, you just want to know what the rate is that day. But, this recent change will dramatically raise rates and will also probably see them continue increase in the future. The Fed has raised the "discount rate" from .5% to .75%. The discount rate is the rate that banks borrow money at. So this move will cause mortgage rates to increase. This move really shows that the government is no longer focusing on keeping mortgage rates down. This move on … (3 comments)
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Market your business -- and your expertise -- on the Internet David Krichmar, mortgage banker, America Home Key Inc. As published in Scotsman Guide's Residential Edition, January 2012. 
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