real estate: Sellers & Listing agents - One extra way to sell your home !!!! - 06/07/08 04:14 PM

No matter what the general consenus has been that we are in a bad housing market, that buyers can be picky choosers, and houses have dropped in value..... if you need to sell, you sometimes need to be creative. You need to keep an open mind.
I am not here to knock realtors, but you need a real estate agent that is open-minded to all financing options and who is very knowledgable and creative.
I wrote a blog the other day, Nehemiah/AmeriDream Down Payment Assistance Programs (DPA's) - Are they that bad?, where some realtors came out openly and stated … (12 comments)

real estate: Mortgage PRO Week in Review -- 05/19/08 through 05/25/08 -- Memorial Day Style - 05/26/08 03:32 PM
 
I am not sure what it's like in your part of the country, but what a gorgeous day. And especially

for Memorial Day. Thanking all the men and woman that served our country and for those men and women who are currently serving our country.
Also, for those of you here on Active Rain that had or have sons, daughters, or family members that served and who are currently serving our country. My thoughts and prayers go out to each and everyone of them and your familys.
At times, it just seems like yesterday and some days, it seems … (16 comments)

real estate: Mortgages & Real Estate -- Red Flags that consumers need to be aware of - revisted - 05/17/08 08:34 AM

How many of you at one time or another bought a house or refinanced your mortgage and ran into one problem or another. May it have been the realtor who was not able to give you the correct answer or the loan officer who strung you along and then changed things last minute. I have never said that I am perfect or that I know it all, but it does come down to honesty, integrity, knowledge, and very good service. 
What about you first time homebuyers that have never experienced buying a home or refinancing for the first time. I … (3 comments)

real estate: MORTGAGE PRO Week in Review -- 04/07/08 through 04/13/08 - 04/14/08 10:08 AM

As we head into Spring, and a real estate market that is starting to take shape, we need to forge ahead and educate all around else. We need people to better understand the whole buying process, with details and not just assumptions.


I want to put a challenge out there before I share with you the mortgage blogs for the week. I truly think that we need to step up some of the quality of these mortgage posts. Not only chock full of mortgage information, but making them interesting and creative. I took a stab at it for a specific … (28 comments)

real estate: Sellers & Listing Agents -- Are you hurting your potential buyers mortgage payment? - 04/13/08 07:30 AM
 
You are a seller that lists with a real estate agent, and one of you decides that you will not accept FHA financing as a means of a potential buyer purchasing your home? Why is this? Have you been misinformed by the general public? By a real estate agent that doesn't know any better?  By an agent who is remembering issues with FHA appraisals from the 1990's? 
What about the lender that the previous buyer was using who was helping them with a FHA mortgage.  And the loan didn't close. Was is it because it was a FHA loan?  Was … (14 comments)

real estate: FHA mortgages vs Conventional mortgages.... which is better? - 03/29/08 06:16 AM
 

 
I know some loan officers will debate that conventional mortgages can be better than FHA mortgages, but I always thought that real numbers always outweighed opinion. Aren't real facts correct over opinion?  As long as these figures are accurate, right?
Yes, conventional mortgages are better if you have a credit score over 679 and if you have 15% down or more or 85% or less equity in your property. And we can get into more details, in regards to declining markets, monthly mortgage insurance, etc, etc. But let me just show you the basics and you can be … (17 comments)

real estate: The credit crisis aka the Wheel of MisFortune - 03/09/08 05:54 AM
 

Has the real estate market been your wheel of misfortune? Have you been made promises after promises? Have you bought into the hype of what one company or person might promise you, but at the very end, it's not even close to what they promised?
Does a realtor promise you a high listing price, higher than anyone else did in recent months? Did a loan officer from a mortgage company promise you a great rate with low to no fees? Currently we are in a credit crunch, no matter how you look at it. Credit card companies are losing … (11 comments)

real estate: The Life of Jeff Belonger -- Who is the guy behind the numbers ???? - 03/08/08 08:53 AM
 

Wow.... so much going through my mind as I begin to write this. What is making me jump out the plane without a chute, knowing that I will allow anyone to read this?  Because blogging can be therapeutic in so many ways. I love to share and most of all, I love when people get to know the true me, especially my clients. Besides, I think this will truly fit the word transparency.
Most of my stuff has been about mortgages. It can get old and mortgage blogs can be boring. So I needed a change of pace and … (32 comments)

real estate: FHA / Conventional mortgages OR Cash purchases??? - 02/24/08 07:17 AM
 

Okay, so you have $200,000 sitting around and you feel like investing it in a home or two. Sounds like a wise investment, only if you plan on flipping the home. 
Kent Simpson talks about the abundance of cash buyers in some areas. Read this for more info : If There's A Recession On---Why Are There So Many Cash Buyers Right Now?
Personally, this is great for a realtor because they don't have to go through the headaches of waiting for the borrower to be approved for a mortgage. But is this the right decision for the person buying … (16 comments)

real estate: FHA or Convnetional loans -- The Mortgage Process - Part 3 of 3 - 02/21/08 04:11 PM

 
 
The mortgage process, whether you are applying for a FHA mortgage or a convnetional mortgage, the process should not be as difficult as it appears more times than none. After over 15 1/2 years in the mortgage industry, I just don't understand why some loan officers just don't learn the basics, instead of trying to sell rate and fees. They get so caught up in this, oversell the rate and undercut fees, that they lose sight of the service part of the mortgage process. And the basics of knowing what questions to ask. 
As I mentioned in Part … (11 comments)

real estate: Good Faith Estimate - Pre-Approved or Pre-Qualified -- The Mortgage Process - Part 2 of 3 - 02/20/08 04:03 AM

 
The good old Good Faith Estimate....  it could sometimes be your worst enemy, depending on the loan officer and how they actually fill it out.
It doesn't matter if you are applying for a FHA mortgage or a conventional mortgage, all good faith estimates should be accurate. I have seen many loan officers low ball their estimates not only on their points, but on the 3rd party charges. This can make shopping for a mortgage frustrating and more difficult.
I just had a client recently compare my good faith estimate with that of another lender. My title charges were … (13 comments)

real estate: House Swapping, is it like wife swapping? - 02/16/08 08:37 AM

I am sure many of you have seen wife swapping on ABC TV. Now there is house swapping, a newer trend that actually started back in the early 1950's. Throughout the years, this was more common with second homes, almost like swapping time shares.
Now, with much of the real estate market in a flux of little turner over, more companies are starting to capitalize on this new trend. Have you seen this in your area?  Heard about it?
 
What's behind house swapping and what should you know about it?  One main reason is that this can be done without a realtor … (17 comments)

real estate: FHA mortgages vs Conventional mortgages - A True 3% down Comparison - 02/06/08 12:00 PM

 
FHA mortgages, in my opinion, are still one of the best mortgage options out there, as long as your credit score is above 500 and that you can prove your income.
This is a continued series showing you that in many cases, FHA mortgages might be your best solution when purchasing or refinancing your mortgage. Many lenders are still not FHA approved, which means that they might not have your best interest at hand, even though they are giving you their best mortgage program. But is it the best mortgage program for you?
As explained in previous blogs of … (14 comments)

real estate: Mortgages & Real Estate -- Consumers need to be aware of these Red Flags !!!!! - 02/01/08 02:34 AM

How many of you at one time or another bought a house or refinanced your mortgage and ran into one problem or another. May it have been the realtor who was not able to give you the correct answer or the loan officer who strung you along and then changed things last minute. I have never said that I am perfect or that I know it all, but it does come down to honesty, integrity, knowledge, and very good service.  
What about you first time homebuyers that have never experienced buying a home or refinancing for the first time. … (48 comments)

real estate: Market Concerns -- Robbing Peter to pay Paul??? - 01/31/08 05:25 AM

 
 
Fears in the market.... ??  Are you hiding because of such fears in today's market place? I think many of us were scared 6 months to a year ago. The media was talking about how bad it was out there. We had the so-called mortgage meltdown.  But was it really that bad? I think it all comes down to how sure of yourself, that you feel comfortable in buying, when it comes to purchasing a new home. May you be a first time hombuyer, someone moving up, or an investor.  I have said this many of times, but … (10 comments)

real estate: FHA mortgages vs Conventional mortgages - A True Comparison - 01/28/08 04:30 AM
 

 
The mortgage industry is changing right in front of us, basically on a monthly basis now. Which is why you need the advice of a mortgage professional and not an order taker. The word conventional mortgage doesn't mean that great rate or wholesome loan, that it did just several months ago. Don't be fooled by your typical loan officer or lender telling you otherwise. In many cases, your rate could be much higher on a conventional mortgage than on a FHA mortgage. To get a better understanding why this might be possible, please read FHA mortgages are better … (16 comments)

real estate: Mortgages & Homes -- Best time to buy is now !!!!!! - 01/19/08 12:18 PM

 
Home purchasing, existing or new homes, now is the time to buy. If you are a seller needing to sell, why wait, take that offer now, before home values go down in some areas. If you are buyer, you don't always need money to buy, that's if you have a great mortgage professional working for you. If anything, as long as you are in the market and sure of yourself, don't just look for the best deal. Home values have been coming down for a year now. Don't think by waiting another month, that you will get a better … (11 comments)

real estate: Why is your mortgage money late to the closing table??? - 01/12/08 08:41 AM

 
You are sitting at the closing table and the title company says that your mortgage money is not in their account as of yet. What could this mean? Possibly no closing or maybe a dry closing? I was inspired to write this because of many of the comments from other real estate agents in a blog that Diane Testa wrote, Are you having a lot of "dry" closings lately?
 
In Diane's post, here is what she had mentioned in regards to why the money might not be at the closing table. "Now, here is my question. Is this … (23 comments)

real estate: Good Faith Estimates -- Loan Officer or Realtor? - 01/04/08 11:30 AM

 
 
It's 2008 and you think you have seen it all. After 15 years in the mortgage business and as an FHA expert, I am baffled at what some states allow and I wanted to get everyone's opinion on a specific matter. 
Just the other day, I had a consumer contact me after reading several of my blogs. He told me that his previous loan officer pre-qualified him for a mortgage 2 weeks ago and just the other day, told him that he can't help him now. Why?  Because he just realized that his FHA license was going to expire at the end … (22 comments)

real estate: Good Faith Estimates - FHA or Conventional - What are the problems when shopping?? - 12/17/07 01:23 AM

 
Do you feel like you are sometimes back in time when shopping for a mortgage? Is it because you have now talked to 5 different lenders and nothing seems consistent?  How is the communication level when shopping good faith estimates? Does that loan officer just give you want you think you want to hear?
Let's look at one major contributing issue when shopping for a mortgage. "If it's too good to be true, then it usually is." Do you think that you are a savvy shopper because you think you know what you are asking for? Do you think … (15 comments)

 
Jeff Belonger, The FHA Expert - FHA Loans - FHA mortgages  - USDA loans - VA Loans ( Social Media - Infinity Home Mortgage Company, Inc)

Jeff Belonger

The FHA Expert - FHA Loans - FHA mortgages - USDA...

Cherry Hill, NJ

More about me…

Social Media - Infinity Home Mortgage Company, Inc

Address: Cherry Hill New Jersey 08034 08002 08003, Haddon Heights New Jersey 08035, Haddonfield, NJ, 08033

Mobile: (609) 440-5133

Fax: (775) 361-6619




Subscribe to Mortgage Knowledge at its BEST!!!! (Jeff Belonger)


I just want to educate people about mortgages and the process. In regards to lending, I am very creative, intuitive, honest, and one who communicates information, may it be good or bad. I am a loan officer that looks out for your best interest.







Listings

Links

Archives

RSS 2.0 Feed for this blog