mortgages: Great new loan program
- 07/21/09 05:44 AM
There is a great new loan program available for purchasing REO properties owned by Fannie Mae. A borrower needs a 660 credit score to qualify. It will allow your buyers to borrow up to 95% with no mortgage insurance. That's right, NO MORTGAGE INSURANCE! There is no need for an appraisal! This is a fantastic program that can save home buyers thousands of dollars! There are very few Lenders who can offer this new program, but I am glad to say that we are one of the few! I was so excited about this program that I had to … (7 comments)
mortgages: Brainstorms, Ideas and alternate thinking!
- 01/06/09 03:06 AM
Covering most of Eastern Pennsylvania, I travel quite a bit. Driving from office , to appointments, to the office, to more appointments, to home. (well you get the idea) All of this driving time gives me time tothink. Time to think about what I need to do for my customers, time to think about great marketing ideas, and time to think about subjects to blog about. My problem is that once I am at my computer, I forget all of the great ideas I had while I was driving. I can't tell you how many great ideas have come and … (6 comments)
mortgages: Happy New Year! Keep looking forward!
- 12/31/08 02:43 AM
I want to wish all of my Active Rain friends a Safe, Happy, Healthy and Prosperous New Year. This past year has been a struggle for a lot of us. Home sales being down and the economy in general giving everyone a bad case of heartburn. I am hoping that we can keep positive and make next year a great year. I am finding that many of my colleagues are no longer in the business. It is sad to have contacts and friendships that I have made over the years fall by the wayside. I am trying hard to look forward … (0 comments)
mortgages: Playing games with new strategies
- 10/22/08 03:06 AM
I enjoy playing Chess occasionally and it occurred to me that maybe I should utilize some of the principles of Chess in my career. I said that I enjoyed playing chess, however, I am not that good at the game. Average at best. The reason I don't get much better is my impatient character. I want to win yesterday. Chess is a game of strategy, moving only after thorough contemplation of the moves ahead. Too often I see what I want to do without taking into consideration of what my opponent might do. I have to remember to keep my options open. If I look towards one … (3 comments)
mortgages: Healthy Competition
- 07/25/07 01:45 AM
Working with a Mortgage Broker has it's advantages. I have a customer who came to me for a mortgage. He was concerned that the interest rate was higher than he expected. I find that most customers remember interest rates when they were at their low point. Now they are over a percent higher. Right away they want to shop around for a better rate. I may be giving my age away here but I remember taking my 14% mortgage and refinancing it for 9.75% and I was happy! My customer came back to me to see how I compared to … (10 comments)
There is a great new loan program available for purchasing REO properties owned by Fannie Mae. A borrower needs a 660 credit score to qualify. It will allow your buyers to borrow up to 95% with no mortgage insurance. That's right, NO MORTGAGE INSURANCE! There is no need for an appraisal!;)
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