ethics: Can the Buyer Qualify for More? - 01/14/19 04:21 PM
Can the Buyer Qualify for More?
 
"We're about to write a counter offer so I needed to check with you to make sure the buyer can qualify for a higher amount", said the listing agent.
 
"Yes, they will qualify for a max of $______!!", said the inexperienced loan officer who is super excited to be about to have a deal to work on.

     "Clever" listing agents ask this question all the time in hope that they'll get a lender to divulge some information that may land a few extra thousand dollars in their seller's pocket.  Can you blame them when their job … (4 comments)

ethics: How to Commit Occupancy Fraud to Get a Lower Rate - 04/18/16 11:28 AM
How to Commit Occupancy Fraud to Get a Lower Rate
 
 
     Through the course of every year I hear stories about many folks that are exploring ways to finance multiple houses as "primary residences" to obtain lower interest rates, a practice known in the lending industry as "occupancy fraud".  Since a primary residence is privilege to more favorable lending terms than investment properties, it makes sense to these folks that if they can just play the right angle, and if no one catches them, they'll walk away with 2 low rate mortgages.  Since this is a common occurrence, I thought I'd put together … (8 comments)

ethics: Representation: You're Doing it Wrong - 02/02/15 06:55 AM
Representation : You're Doing it Wrong
 
 
     Being in the mortgage industry nearly a decade, my "firsts" are becoming fewer and fewer as I approach the point where I can say "I've seen it all".  Today marked an unfortunate first, though - the first time I've ever called a real estate broker about the behavior of an agent.  I always, always, always try to play nice with others.  I understand people get upset and can sometimes say things they don't mean.  They can make threats out of emotion (the "we'll just walk away from the deal" kind of threats) … (68 comments)

 
John Meussner, #MortgageMadeEasy Fair Oaks, CA 484-680-4852 (Mortgages in AZ, CA, CO, DE, FL, GA, IN, MD, MN, MT, NC, NJ, NV, OK, OR, PA, SC, SD, TN, TX, UT, VA, WI)

John Meussner

#MortgageMadeEasy Fair Oaks, CA 484-680-4852

Fair Oaks, CA

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Mortgages in AZ, CA, CO, DE, FL, GA, IN, MD, MN, MT, NC, NJ, NV, OK, OR, PA, SC, SD, TN, TX, UT, VA, WI

Address: 23441 S Pointe Dr, Ste 110, Laguna Hills, CA, 92653

Office: (949) 247-7530

Mobile: (484) 680-4852



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