adjustable rate: The Subprime Crisis: Is Your Home at Risk? - 05/09/07 12:18 PM
It's all over the news. Subprime mortgage companies are in the midst of a true crisis! According to The New York Times, over two dozen lenders have already closed their doors for good. In fact, more than half of the top 25 mortgage companies from 2006 have either reported serious losses, been sold off to other companies, or have filed for bankruptcy!
When asked how many subprime lenders will be taken down by the current credit crunch, Bill Dallas, mortgage industry icon and former CEO of Ownit Mortgage Solutions, replied "all of them." When asked how many borrowers would be impacted by tightening … (0 comments)

adjustable rate: Is a 30-Year Fixed Mortgage the Best Type of Mortgage? - 05/08/07 01:25 AM
With interest rates still near 40-year lows, is a 30- year, fixed-rate mortgage the right choice? While the mass media's response is usually yes, my reply is NO.
Today's market is much different than the market and lifestyle of the previous generation. That generation typically had one job, one pension, one house and one mortgage. That lifestyle no longer holds true today. Pension plans seem to be a thing of the past unless you are employed in the airline industry and many of the public services agencies. Most Americans will hold five or more jobs throughout their careers. As far as … (0 comments)

adjustable rate: The Mortgage Planning Process - 05/06/07 11:55 PM
The mortgage planning process is different than the typical "shopping for a mortgage" experience. The mortgage planning relationship is not about you:
Wasting your valuable time trying to save $25/month by comparing rates, fees and closing costs among different lenders. Wasting your valuable time trying to baby-sit the mortgage company you've reluctantly chosen to work with. Being promised one thing and then getting something different at closing. Being "sold" on one mortgage product over another. The mortgage planning relationship is about you:
Receiving valuable financial advice and guidance that can literally save you hundreds of thousands of dollars. Trusting a professional … (0 comments)

adjustable rate: Tap Into Google Local: Your Personal Chamber Of Commerce - 04/30/07 11:02 PM
The Internet has revolutionized the way we live in countless ways. We are able to access news as it's happening, email friends and relatives all over the world, and purchase anything from cars to vacation packages with a few clicks of the mouse.
What's ironic is that we frequently neglect to use this amazing resource when it comes to finding things in our local area. That's where GoogleTM, the world's leading search engine, comes in. Google has produced a search tool, called Google Local, which you can use to locate anything from an Italian restaurant or golf course to a dentist or … (0 comments)

adjustable rate: Learn from Your Success: Focus On Strengths Rather Than Weaknesses - 04/30/07 10:55 PM
Our culture teaches us to focus on our weaknesses and then improve upon them. While practice is critical to improvement in some areas, author Benson Smith of the Gallup Organization believes it is more important to focus on your strengths. By turning your strengths into super-strengths, your valuable time can be spent in areas where you feel more comfortable.
Over the course of 40 years, the Gallup Organization studied 250,000 sales representatives and 25,000 managers. The results were published in the best-selling book, Discover Your Sales Strengths: How the World's Greatest Sales People Develop Winning Careers.*
According to Smith, "You do learn from … (8 comments)

adjustable rate: Increasing Your Hourly Rate of Pay - 04/30/07 12:52 AM
Each and every one of us works on an hourly rate of pay. What we get paid by the hour has a direct correlation with what we choose to do with our time, and how we make use of the employees and systems we surround ourselves with in our daily work activities.
Here is a great exercise that will put into perspective how you use and manage your time, and henceforth drive your hourly rate of pay. Take out a yellow legal pad and place it on your desk. Every day for the next 3 days, in 15 minute increments, write down … (1 comments)

adjustable rate: How Purchase Loans Are Made: A Step−By−Step Walkthrough - 04/29/07 10:50 AM
1. Pre-qualification - Lenders are encouraging buyers to get pre-qualified for a mortgage so they'll know in advance how much house they can afford.
2. Loan Search - Although buyers often use a lender recommended by their Real Estate agent, some prefer to do their own comparisons.
3. The Hunt - The buyer begins shopping for a house. When the right one is found, the terms of the sale are negotiated, including the sale price and often the type and conditions of the loan being sought.
4. Loan Application - It's crucial to supply the lender with as much information as possible, as accurately … (0 comments)

adjustable rate: Annual Percentage Rate- What is the Real Cost of Financing? - 04/17/07 11:05 PM
Annual Percentage Rate (APR) is a tool that consumers can use as a starting point to compare loan programs. However, it's important to keep in mind that APR is not a perfect system, and not all lenders calculate APR in the same way. While the Federal Truth-in-Lending Act does require any mortgage broker or lender to disclose APR to the consumer, there is no rule written in stone for calculating this number that each and every lender agrees upon.
The point of calculating APR is to let the consumer know what the actual cost of their financing is in the form of … (0 comments)

 

John Caylor

Post Falls, ID Mortgages

Post Falls, ID

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Infinity Financial Group

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