Tim Marose's (timmarose) Blog

My cell phone rang again today.   Another potential borrower looking to refinance off a piece of my direct mail.    I don't think I get more excited than when I hear "I got a piece of mail from you and I would like to refinance.   Can you help me?"   The excitement is one thing......REALITY IS AN...

  Is it possible that someone can benefit from decreasing home values, record setting foreclosures, short sales and a volatile economy?   Not only is it possible, it is happening daily!    Home Buyers are finding bargains on every corner and now the buyer seems to be holding all the cards.   We h...

I have been doing a lot of self promotion on the internet over the last few months.   I have participated in the Active Rain community which I think is great.   I have published articles on Ezine, and have had several other articles published on a site called the American Chronicle.   I also had ...

Nationwide Mortgage Services, based in Rockville, MD, has introduced a new Virtual Loan Department to help consumers navigate the programs and products available in the current mortgage market. With fewer lenders and strict lending guidelines, fewer options have become available to consumers. Nat...

Qualifying for a mortgage today is tough!   A credit score below 580 makes it almost impossible to get a loan.   A score below 650 presents challenges as well.    Every point counts, so here are a few simple steps to increase your score in a short period of time. 1)      Pay down the balance on ...

A good idea for many homebuyers, regardless of their location is to get pre-qualified for a loan.   The process is easy, and can help avoid a the heart break of finding the perfect home, and then finding out out your lender can't offer you financing.   The internet has allowed new homebuyers the ...

It seems like every other day I hear about another friend or colleague deciding to get out of the industry.   "It is too tough man, you just can't make a living doing this" was the most recent line I heard.   At this point, I just agree and wish them well, realizing that for some, they have menta...

I recently read a book while on vacation titled "No More Cold Calling" by Joanne Black.    I was at one time a firm believer in cold calling.    I managed hundreds of loan officers and believed that hard work and pounding the phones was the easiest way to make a living in the mortgage industry.  ...

Many homeowners needing to refinance are waiting.   They are waiting for rates to come down.   Waiting for the value of their homes to increase.   They are waiting for lenders to ease up on their underwriting guidelines and make it easier to qualify for a loan.    Waiting may cost you a lot of mo...