Explore Plattsburgh, NY

By Christopher Ohlsen
(Credit Werx, LLC.)
Comments 0
 I recently changed employers but with some reservation. I really like the guy that I previously worked with and hope to remain long term friends with him. I'd worked with him in the past and jumped at the opportunity to work with him again because we work well together. My issue was with the ban...

By Christopher Ohlsen
(Credit Werx, LLC.)
Comments 4
Zero Money Down; I stand Corrected   I wanted to know if there was a way that I could do a true No Money Down Mortgage and I found the answer. The answer is a resounding YES!!! That is where a lender credit comes in but of course there is a tradeoff. Let me start by saying that here at Plattsburg...

By Christopher Ohlsen
(Credit Werx, LLC.)
Comments 8
This May Go without Saying but it does Bear Repeating It is imperative that when you are in the process of obtaining a mortgage loan that you do not incur new debt. It is even better if you don’t even have your credit pulled at all. See the image below? (Screen shot of note on the bottom of an ac...

By Christopher Ohlsen
(Credit Werx, LLC.)
Comments 12
Late Night Infomercials aside,   You’re still going to have to bring some money to the closing table. You may or may not know that there are still NO MONEY DOWN home loans available for some areas under certain circumstances. I wrote a featured post yesterday about some borrowers that were less t...

By Christopher Ohlsen
(Credit Werx, LLC.)
Comments 72
Seriously, we verify and document everything!   I would never come right out and call someone a liar because that would be bad for business and afterall it could just be a series of miscommunications. The thing about obtaining a mortgage though is that everything and I mean absolutely EVERYTHING ...

By Christopher Ohlsen
(Credit Werx, LLC.)
Comments 0
I know that this is Obvious but it bears repeating. A couple of days ago I read a post that asked if you can give a 30 year mortgage to an 85 year old couple. The post was popular here on Active Rain and there were quite a few responses that pointed out the obvious. Obvious to anyone who has been...

By Christopher Ohlsen
(Credit Werx, LLC.)
Comments 10
I write some blog posts to share my experiences with other professionals. I write some for the benefit of consumers. It's rare that I write a consumer centric post that also benefits professionals such as this one. I want to share an experience that I had recently. I am working with a woman who p...

By Christopher Ohlsen
(Credit Werx, LLC.)
Comments 0
Double-Wide's have always been notoriously difficult to finance in the past. It is still very difficult to find financing if you are in the market to purchase an existing Double-Wide. There are not a lot of lenders that will finance Double-Wide's because they depreciate in value. There are some v...

By Christopher Ohlsen
(Credit Werx, LLC.)
Comments 3
  Why Should You Share Your Marketing Ideas?     To answer this question successfully you should ask yourself what you’re doing in the first place… Are you just trying to attract buyers and leave sellers to work with someone else? Personally, I like to help out my fellow real estate agents...The ...

By Christopher Ohlsen
(Credit Werx, LLC.)
Comments 7
I can't believe it... I mean, I know that it is true I am just mystified by it. I don't understand why anyone would do something like this... I am talking about an underwriter at an ailing bank. The Bank is HomeComings Financial (ResCap) and I won't mention the individual because I do not want to...

By Christopher Ohlsen
(Credit Werx, LLC.)
Comments 2
Shopping for an interest rate is one of the absolute worst ways to shop for a mortgage. The really funny part in saying as much is that people become sceptical when it comes to a Mortgage Professional saying that shopping for an interest rate is the worst way to go. The irony here is that a disho...

By Christopher Ohlsen
(Credit Werx, LLC.)
Comments 8
I have seen a lot of posts recently about DATA BASE management. The most obvious benefit to keeping and maintaining a rich data base is repeat and referral business. Sometimes people struggle for business and they miss the fact that a huge source of business is sitting right there in front of the...

By Christopher Ohlsen
(Credit Werx, LLC.)
Comments 5
  I really think that this is an important question to ask yourself. How can you compete if you do not know where the goal posts are? My colleague Travis Carter and I have experimented with this a little bit. In posts like this that reference interest rates you need to take note of the time stamp...

By Christopher Ohlsen
(Credit Werx, LLC.)
Comments 4
Country Wide is Back in the News...And this time they have not come out to deny that they are in serious hot water as it seems to be their customary policy. This time it appears to be 100% true. If you haven't read, the CW Giant has just written down more losses; it seems that they have found the...

By Christopher Ohlsen
(Credit Werx, LLC.)
Comments 5
 Or is it just me? Is anyone else aware of the fact that mortgage interest rates increased today with just about every lender out there by about .375% - .5% or is it just me?...I had a gentleman call in today to inquire about financing a portion of a Co-Op that he is purchasing in New York, NY. H...

By Christopher Ohlsen
(Credit Werx, LLC.)
Comments 8
 I don't know what the deal is with Coldwell Banker. One of my colleagues here in my office recently handled the financing for her friend on the purchase of a new home. The agent on the other end of the transaction was a Coldwell Banker Realtor®. That Realtor® actually recommended to my colleague...

By Christopher Ohlsen
(Credit Werx, LLC.)
Comments 5
We all already know that she has many faces depending on what the polls are saying.  But she doesn't have all of the answers!Have I got your attention?! Ok, good now listen up. Hilary's plan to "freeze interest rates" to avert a national catastrophe is a joke. We've all talked about how awful it ...

By Christopher Ohlsen
(Credit Werx, LLC.)
Comments 6
 This business is not for the faint of heart. If you have trouble handling stress then get the heck out of this industry! I feel that applies to real estate professionals, mortgage professionals, title professionals and anyone else involved in the transfer of real estate.It's not getting any easi...

By Christopher Ohlsen
(Credit Werx, LLC.)
Comments 9
I'm not putting any flashy pictures or exotic text in this post I just want to point something out. I saw a news broadcast recently that focused on the lack of ethics within the "mortgage broker" community. the entire hour long broadcast talked about the economic turmoil that we are in and blamed...

By Christopher Ohlsen
(Credit Werx, LLC.)
Comments 3
It's hard to find a title company that is both fast and responsive. My company has an affiliation with New York title out of Long Island (as of very recently). We send them a bit of business and there service is excellent. It does not matter if it takes me 9 days to get title back on a purchase t...

Plattsburgh, NY Real Estate Professionals