RECENT BLOG POSTS
Anyone have potential loans with Taylor Bean & Whitaker?  I have four (4) loans that have been in underwriting for the past fourteen (14) days!  I know last week they were twelve (12) days behind in underwriting, but it is crazy.  Rumor on the street is that they can not fund any loans....wow.  G...
02/26/2008
Hello everyone may God bless each everyone of you fellow Rainers.  Christmas should be a day for family, but any more it has became a day about how much money can be spent and how quick you can open one present to get to the next. I believe the meaning of Christmas has been lost through out the y...
12/25/2007
With many lending sources going out of business everyday now, utilize a Mortgage Broker.  Ifone goes out of business, we have many other lending institutions to quickly work with.  As a mortgage broker, we work for our clients.  I am not saying bank loan officers do not, nevertheless, bank loan o...
08/09/2007
  AT&T did it smart.  In the moments leading up to the launch of the iPhone, AT&T CEO Randall Stevenson told USA Today something that made me read twice: "[The iPhone launch] helps us complete our change from Cingular to AT&T and has created a halo effect for the re-branding." You'd think that mo...
07/26/2007
Freddie Mac's Primary Mortgage Market Survey concluded that the 30-year fixed-rate mortgage (FRM) averaged 6.73 percent with 0.4 point for the week. Both rate and points were unchanged from the previous week and the interest rate was 7 basis points below the average for the same week in 2006. The...
07/25/2007
People commonly ask me about rates, I tell them, it all depends on the program you are talking about.  Then they say well, a regular 30 year fixed.  I then ask questions about the down payment, verified or stated, etc..  I get wow, you ask a lot of questions just for a rate quite.  Yes, but I wan...
07/22/2007
Ever see those commercials or ads where you can buy a home with no money down?  Although there are new programs that allow buyers to purchase a home with little or no cash, you will generally need some funds for down payment, closing costs or both. Since a mortgage payment will take a good percen...
07/22/2007
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With the earnest money now an option as nonrefundable, a Loan Officer must Prequalify a potential client.  What is the basic difference between Prequalification & Preaproval?  Prequalification is the process where the lender will look at a basic copy of your credit report and use the information ...
07/22/2007
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Have you heard of the term Discount Points? Discount points are called so because they discount the interest rate. A typical trade-off is 1 discount point for each .25 percent reduction in interest rate. You could get a 7.00 percent rate with zero points or 6.75 percent if you paid one discount p...
07/22/2007
What are the most common mistakes consumers make when getting a loan?    Not knowing which mortgage fees the borrower can and cannot negotiate.Using an interest-only or payment option adjustable rate loan to qualify for a more expensive house. Not comparing the final fees listed on the closing do...
07/22/2007
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