Mortgage Pro Week in Review -- 09/13/10 through 09/19/10 -- Good Mortgage info is important

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Mortgage and Lending with Social Media - Infinity Home Mortgage Company, Inc

 

The MORTGAGE PRO Week in Review is back. This weekly review has been away the last 18 months due to the lack of volunteers, in helping to get mortgage related information out to the public and to help keep realtors up to date on the ever changing topics of mortgages. This review will appear every Sunday eevning, once a week. There will be a post in a few days about this group and how you can volunteer.

 

Onto Mortgages and Real Estate.  Below is some very good mortgage posts that tell you what you need to apply for a mortgage, specific programs, and what you need to know about mortgages in general.  Please take the time to read these posts, it could be worth your wild and could save you thousands of dollars as a borrower.

 

 

 

Tom Burris

10 Reasons to Buy a Home TODAY, NOT NEXT MONTH, NOT NEXT YEAR BUT RIGHT NOW!  by : Tom Burris

In my opinion, this post is not a scare tactic, just the basic facts to as why buying now could very well be better than buying later. Let's not forget, that is if you are in the position to buy now.

 

 

Paul Silver

Houshold Budgets For Home Buyers #1  by : Paul Silver

Before you buy a home, you should have some sort of budget. Realtor, Paul Silver, writes a very good 3 part series on this.

 

 

 

 

 

Gene Mundt

Be Prepared for Mortgage Application .. Start Gathering These Documents NOW  by : Gene Mundt 

This shouldn't be a hard topic to figure out. Just be like the Boy Scouts, "Be Prepared". It never hurts to be prepared with all of your mortgage documents before speaking to a loan officer.  Gene does a good job of breaking it down for you.

 

 

RJ Baxter

Save Big by Choosing the Best Rate Lock  by : RJ Baxter

R.J. brings up a good point that many loan officers don't talk about, especially when the consumer is shopping around. Loan officers fail to talk about how to lock in your rate or what the differences are in the lock periods, yet they offer these so-called great interest rates.  Just very simple information to understand.

 

 

Larry Bettag

The 4 Things you Need to Get Approved for a Mortgage!!!!  by : Larry Bettag

What a better follow up to Gene's post, is Larry explaining on what 4 items gets your loan approved from a lenders perspective.

 

 

 

Drew Sygit

The Truth about Loan Modifications - Are you sure you want to look behind the curtain?  by : Drew Sygit

This is an excellent post that goes into details that many didn't know about. I personally know that Drew did some research on this, bringing you the real facts and not what is perceived out there.

 

 

John Neil

Fannie Mae Home Path Financing  by : John Neil

This is a good program for some. John explains what you get with this type of program. The biggest selling point is that you don't have monthly mortgage insurance. This program is used for those properties owned by Fannie Mae. But please read below what Gary Miljour has to share, comparing this program with FHA loans. You do need to understand your options carefully and not just because this loan has no mortgage insurance. And showing these 2 was not a knock on either John or Gary. Each borrower and each loan program is different.

 

 

Gary Miljour

FHA vs. Fannie Mae Home Path Revisted  by : Gary Miljour

Gary gives you a quick simple breakdown between FHA loans and the Fannie Mae Home Path loan. In his opinion, FHA loans are still the clear winner.

 

 

 

Jeff Belonger

FHA Loans with a simplified explanation of FHA credit standards  by : Jeff Belonger

FHA has some new changes pertaining to credit scores and down payment. And did you know that FHA is changing the monthly mortgage insurance that goes into effect on October 4th, 2010? Changes in FHA mortgages for the monthly mortgage insurance & UFMIP

 

 

Nevin Williams

Sir, I think your calculator is broken!  by Nevin Williams

A very simple and easy to understand post. Just be careful when using online mortgage calculators. There are a few factors that you as a consumer aren't aware of.

 

 

 

 

Brent Kluge

203K: Why is it so difficult to find a contractor to do this 203k? Answers within...  by : Brent Kludge

You first learn what a 203-k loan is and there is a group below that has some posts about this loan program. Brent goes into more specifics about the 203-k contractor, what to do and not to do.

 

 

John Zolsky

Dressing Up Your Blog.... Nirvana Recipe  by : John Zolsky

My bonus post - Non mortgage related, but realtor John Zolsky shares some very interesting tips about how to write within your blog posts, such things as fonts and colors.

 

 

 

 

 

The next  3 members for the Mortgage Pro Week in Review

1.       Larry Bettag         09/20/2010    through    09/26/2010

2.       Gene Mundt          09/27/2010    through    10/03/2010

3.       Gerry Suarez       10/04/2010    through    10/10/2010

 

 

 

If you are writing mortgage posts or mortgage related posts, you should try placing them in the groups below. Not only is this good for the consumer or Realtor, but it helps those that are searching for top mortgage posts for the weekly review.

All About Mortgages/Mortgage Networking   Here is a group that many loan officers post their mortgage related blogs in.  A good place to learn more about the type of programs, new industry news, and sometimes some inside tips. Don't hesitate to join.

The FHA Mortgage Group - Here is a group that specifically talks about FHA, FHA updates, and what FHA can do for your buyers and sellers.

Mortgages - Another group with anything and everything about mortgages. A diversified group.

FHA 203-k and 203-k streamline group - Special type of mortgage that allows you to roll in the costs of repairing you home, new or old.

USDA Rural Development Loan Group - All mortgage information pertaining to USDA loans, Rural Development Loans.

VA Loan Group -  All mortgage information pertaining to VA loans.

Realtors Needing the services of the Lending Powers- A place where realtors can updates on mortgages in general.

Realtors® -For Real Estate Professionals to discuss marketing strategies, overcoming obstacles, successful sales techniques.  And a place to add mortgage related topics helping the consumer and realtor. 

 

 

We really could use some new volunteers for the Mortgage Pro Week in Review. Even if you are a realtor, a title person, or someone else that is related to the mortgage/real estate industry..... please read below.

 

MORTGAGE PRO Week in Review    A repository for the Mortgage Week in Review.  Please don't hesitate in joining this group. And any volunteers for the mortgage week in review, please e-mail Jeff Belonger at   jbelonger@ihmci.com

 

 

There will be no recreations of any type regarding the titles or content of this group or Review without the permission and expressed written consent of the Group's founder.

Mortgage Pro Week In Review - Copyright 2010©

 

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For more information on FHA loans, please go to this link. The FHA Expert

For important mortgage insight to watch for, please read : Consumers need to be aware of these Red Flags!

HUD

 

For information about FHA myths & FHA rumors, please read : FHA Myths & Rumors

 

Copyright © 2011 by Jeff Belonger of Infinity Home Mortgage Company, Inc

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Re-Blogged 3 times:

Re-Blogged By Re-Blogged At
  1. John Cannata 09/20/2010 11:25 AM
  2. Tom Burris 09/20/2010 02:15 PM
  3. Travis Newton 09/27/2010 04:08 AM
Topic:
Lending / Financial
Location:
New Jersey Burlington County Bordentown
Groups:
MORTGAGE PRO Week in Review
All About Mortgages/Mortgage Networking
Mortgages
Realtors®
Realtors Needing the services of the Lending Powers
Tags:
mortgage pro week in review
fha loans
mortgage week in review
fha mortgages
mortgages
real estate

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Jeff Belonger
Social Media - Infinity Home Mortgage Company, Inc - Cherry Hill, NJ
The FHA Expert - FHA Loans - FHA mortgages - USDA loans - VA Loans

 

Excuse the formatting, but for some reason, I saved the pictures from left to right, and it didn't save after posting.  Not sure what happened with 2 of the pictures.  thanks and enjoy.

 

Sep 20, 2010 10:41 AM #1
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Marilyn Boudreaux
Marilyn Boudreaux, Century 21 Bono Realty - Lake Charles, LA
Lake Charles LA Century 21 Realtor

Bookmarked this to go back and read, I like this format so I clicked "like"!  Can we look forward to this week in review in the future weeks to come??  I know its time consuming for you to put this together but I hope  you will keep it coming :)

Sep 20, 2010 10:46 AM #2
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Jeff Belonger
Social Media - Infinity Home Mortgage Company, Inc - Cherry Hill, NJ
The FHA Expert - FHA Loans - FHA mortgages - USDA loans - VA Loans

 

MARILYN.... as I mentioned above, I try and have someone else do this weekly... it's just beyond a lot of work.. if not, I will try to fill in as often as I can... thanks and thanks for the kind words..

 

Sep 20, 2010 10:53 AM #3
Rainmaker
400,727
John Cannata
214-728-0449 http://TexasLoanGuy.com - Frisco, TX
Texas Home Mortgage - Purchase or Refinance

Jeff - It will take me a little time to review these posts, but I appreciate you sharing them. Its always great when someone points out 'worthwhile' posts that I would have otherwise missed. Have a great week!

Sep 20, 2010 11:23 AM #4
Rainer
59,049
Helen Breton
Main Street Properties - Pensacola, FL
Broker Associate

I absolutely love this idea. It's a "recommended reading list" that will save me time and ensure that I don't overlook important information. Thank you!

PS: I asked you an FHA related question in your cat post.   

Sep 20, 2010 01:40 PM #5
Rainmaker
1,317,857
Joan Whitebook
BHG The Masiello Group - Nashua, NH
Consumer Focused Real Estate Services

I am very excited to see this... It is so difficult to find this type of information with all the post each day.  Thanks for taking the time to aggregate this mortgage information... It is so helpful.

Sep 20, 2010 02:19 PM #6
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Jeff Belonger
Social Media - Infinity Home Mortgage Company, Inc - Cherry Hill, NJ
The FHA Expert - FHA Loans - FHA mortgages - USDA loans - VA Loans

 

JOHN.... . it is always nice when these types of posts are mentioned in one, so you can read them all and refer to them.  thanks

HELEN... .  thanks... it was an idea from many years ago, but stopped doing them because it takes a lot of work.  So thank you.. and yes, I will get to that question later tonight.  thanks

JOAN... . glad to hear and my pleasure... I just hope it gets out there to others in AR and that we have more volunteers.  thanks for your support.

 

Sep 20, 2010 03:54 PM #7
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Jason Sardi
Auto & Home & Life Insurance throughout North Carolina - Charlotte, NC
Your Agent for Life

It's about damn time.  Now that you folks are all rested up, can't wait to read on my favorite (okay, I'm still kind of a Mortgage Nerd) Weekly Review.

Good on you, Belonger!  Some familiar faces here and some new ones to me.  And I liked that you included a bonus blog as well:)

Sep 21, 2010 09:51 AM #8
Rainer
47,522
Peggy Noel
RE/MAX Commonwealth - Chesterfield, VA
Bouchard, ABR, CDPE, SFR

Hey Jeff - I missed some of these and want to say thanks for putting them up - bookmarked and saved!

Sep 21, 2010 10:32 AM #9
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Christine Donovan
Donovan Blatt Realty - Costa Mesa, CA
Broker/Attorney 714-319-9751 DRE01267479 - Costa M

It looks like you're going to have lots of good information to keep us updated on what's going on in mortgages.

Sep 21, 2010 05:11 PM #10
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Jeff Belonger
Social Media - Infinity Home Mortgage Company, Inc - Cherry Hill, NJ
The FHA Expert - FHA Loans - FHA mortgages - USDA loans - VA Loans

 

JASON... . I am glad that you are excited about it... I was excited about getting this up and running again... but semi disappointed that all who was mentioned didn't stop by or for the fact that not to many chimed in. Yet you need a very good loan officer to help get the transaction completed... unless so many realtors feel like they can do it on their own.  I think you know where I am going with that. In any case, thanks for the kind words and for the compliment.

PEGGY... . my pleasure and I hope some of these help.  thanks

CHRISTINE... .  I hope so... it's hard at times finding some good stuff and then again, I am sure I missed a few. thanks

 

Sep 22, 2010 02:35 AM #11
Rainmaker
99,185
Gerry Suarez Jr.
Jet Home Loans NMLS 1660135 - Maitland, FL
FL Mortgage Guru

Jeff,

Thanks so much for taking the time to do this. It really is a great service to have this much quality content highlighted each week, and your dedication for making it happen is laudable.

Good job dude!

Gerry Suarez, Jr.

Your FHA Loan Pro!

Sep 22, 2010 03:27 AM #12
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Jon Zolsky, Daytona Beach, FL
Daytona Condo Realty, 386-405-4408 - Daytona Beach, FL
Buy Daytona condos for heavenly good prices

Jeff, this was really a surprise for a non-mortgage guy to end up in your review. Feel very flattered.

Thanks

Sep 22, 2010 04:05 PM #13
Rainmaker
1,101,194
Bill Gassett
RE/MAX Executive Realty - Hopkinton, MA
Metrowest Massachusetts Real Estate

Jeff it is always great when you can see a compilation of great posts all in one spot!

Sep 23, 2010 01:18 AM #14
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The FHA Expert - FHA Loans - FHA mortgages - USDA loans - VA Loans
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