Bay Area Mortgage Blog
Small, easy to read mortgage tidbits from a California lender take you from application to approval in 300 words or less.
ARCHIVED BLOG POSTS
2008
They sat together, sipping wine, and gazing out at the lake on the creaky old deck that badly needed replacing. They would need to step gingerly for yet another summer, and live with that precarious deck a little bit longer. They stepped into the garage, which should have been pitch black. But ...
05/30/2008
In the real estate world, Realtors are higher on the food chain than mortgage brokers. Always have been. Always will be. Which, as Lola pointed out in her well written featured post, means mortgage brokers seek out Realtor relationships, with results that are not always successful, and tactics th...
05/28/2008
Here are 2 nasty words that spell disaster for a loan: UNACCEPTABLE COLLATERAL. Do you know what this means? It means the borrower qualified for the mortgage, but the property did not. To our clients, however, a turn down is a turn down. They still take it very personally, even though they should...
05/24/2008
Here in California, we will be winding down this decade with a new sense of ECONOMIC AWARENESS and ENVIRONMENTAL SENSITIVITY. We are a little older. We are a lot wiser. Perhaps we are a little battered and a little bruised from all those issues that ended with the word "CRISIS". But hey, as they...
05/18/2008
38
Comments
The FORECLOSURE EPIDEMIC and the MORTGAGE CRISIS that has rocked our economy to its very core, will be discussed and debated for years to come. Historically, it will forever define this decade, and, along with 9-11, leave an imprint on an entire generation. Will we remember this as the decade whe...
05/16/2008
I have always liked the word "cumulative". It helps me stay the course. Like most other people, I would much rather do a project that starts and ends right away, giving me a much needed sense of accomplishment. But taking the time to be cumulative leads to great things. Writing a book is cumulati...
05/15/2008
Do you realize how many people "forget" to tell their lising agent that they have an equityline behind their first mortgage? Who don't even understand that an equityline is something different from a credit card (which must be paid off in conjunction with selling their house)? Who do not underst...
05/13/2008
I have an idea for a new soap opera. Please, Brad Andersohn, bring on the flip cam, and be my producer. The name of the new soap is "Romancing the Loan". Stock is rising for mortgage brokers who KNOW HOW TO ROMANCE THE LOAN. In the past, very little emphasis was placed on these skills. Why? Becau...
05/08/2008
Here's a heads up: This happened in our office 3 times recently. Mortgage applicants owned and occupied upside down houses (upside down = owe more than the house is worth). Their intent was to buy REOs which were superior in quality and/or location to their existing homes . They would then RENT ...
05/06/2008
8
Comments
Earlier this year, as Mr. Bernanke continued to drop rates, I came out with the following statement: It isn't about rates. Its about guidelines. Rates could go to 2% and real estate can be cheap, but it doesn't matter if no one can qualify for a mortgage.Those of us in the mortgage business could...
05/06/2008
Rainmaker
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184,178
Janet Guilbault
San Francisco Bay Area Direct Mortgage Lender