loan officer: Need a Mortgage Banker This Three Day Weekend?
- 05/26/12 01:59 PM
From the Desk of Bob Caldwell Need a last-minute mortgage banker this memorial day weekend? Look no further! Most people are spending this weekend at the beach or at a local pool--instead, I'm here trying to finalize loans with my clients. This is not of of necessity but out of choice. I want to be available 24/7 in order to best serve my clients or any other professionals whom I am working with. So if you need a mortgage banker this weekend--or any other time, any other day--call me, Bob Caldwell (301 643-3835) or fill out an online loan application because … (0 comments)
loan officer: New Real Estate Apps for the iPad
- 05/21/12 05:28 AM
From the Desk of Bob Caldwell Recently I’ve discovered two iPad apps that most people in our industry will find useful: ShowYou and HomeSnap. Think of ShowYou as Instagram for video. It allows for easy, if menial, video tweaking (by comparison, iMovie, which is Apple’s consumer version of the professional editing suite Final Cut, gives you much-more functionality). Perhaps more importantly, however, is that ShowYou is about social video sharing—getting your videos views! And likewise, being able to find videos from friends and others that are relevant to your own liking. I expect this to grow in popularity over time, as … (5 comments)
loan officer: FHA vs. Conventional Mortgage Insurance
- 04/12/12 02:16 AM
From the Desk of Bob Caldwell FHA vs. Conventional Mortgage Insurance With the FHA upfront mortgage insurance premium increase from 1% to 1.75% and monthly insurance premium of 1.25m is FHA the clients with minimum down payments ? Purchase Price FHA: $250,000 Conventional: $250,000 Downpayment FHA: $8750 Conventional: $12,500 Loan Amount FHA: $245,471 Conventional: $237,500 Upfront Mortgage Premium FHA: $4221.88 Conventional: Zero Interest Rate/(APR) FHA: 3.75% (4.773%) Conventional: 4% (4.523%) Monthly Mortgage Insurance FHA: $249.20 Conventional: $131.54 Est. Cash to Close FHA: $13,589.11 Conventional Loans: $17,289.47 Est. Monthly Payment FHA: $1,386.01 Conventional: $1265.40 BENEFITS OF FHA --Flexible Credit Requirement --FHA … (0 comments)
loan officer: Now I have a contract...What happens now?....A loan officer's view.
- 02/28/12 04:14 AM
This is an excellent and very insightful blog post from a fellow Maryland based loan officer that can, hopefully, answer questions for real estate agents, buyers, and fellow lenders alike: Inspired by a post by Martha Brown, a wonderful Maryland Realtor on what happens on the Realtor side once a client wins a contract. I bring you.... Now I have a contract...What happens now?....A loan officer's view. CREDIT: Your credit report will have already been reviewed before the pre-qualification letter is written. Now is the time to make sure that there are NO material changes to your score. This means: •1. Continue to … (1 comments)
From the Desk of Bob Caldwell Need a last-minute mortgage banker this memorial day weekend? Look no further! Most people are spending this weekend at the beach or at a local pool--instead, I'm here trying to finalize loans with my clients. This is not of of necessity but out of choice. I want to be available 24/7 in order to best serve my clients or any other professionals whom I am working with.
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