It seems as though the economy is already beginning to show signs of improvement. A recovery, albeit slow, is already beginning to happen in both the financial and the broader markets. As you saw this week, rates jumped from Tuesday to Friday by almost 38 bps on the 10 year yield, […]
What's my home worth?
Ads
Apr
28
Market Update
Category: Industry News | 
Leave a Comment
Apr
18
Good credit will basically roll out the red carpet and open the door to the bank for you as if you were the Great Gatsby himself. It’s your umbrella during this economic thunder storm, as you watch others get drenched in financial stress and discomfort. In order to stay as […]
Apr
10
Today’s Lesson: Mortgage Planner (MP) vs. Traditional Loan Officer (TLO)
Category: Best Practices, Education | Leave a Comment
Traditional loan officers and mortgage planners have obvious similarities. Although both processes result in a mortgage transaction, MP’s focus on the long-term relationship and financial well-being of the homeowner. TLO’s focus on the transaction–getting the loan closed and moving on.
TLO Objectives:
Transaction speed
Taking applications
Measuring units and outcomes
MP […]
Apr
8
Word of the Day
Category: Buzz, SubPrime | Leave a Comment
The media has a way of shaping our thoughts, and our imagination. If you listen to the news long enough you will think we are headed for living in a cave. Subprime, Credit crunch, housing bubble, exotic-ARM, Jumbo, write down, blah, blah, blah.
Buzzwords are all the rage in the media and […]
Apr
4
(Thanks Government!)
Within the past couple years our federal government tried to help out our veterans by putting the Certificate of Eligibility online for supposed easier access. Mission Failed. I, myself had a veteran father who served in the Air Force his entire life and just out […]
Apr
1
FEES……SCHMEES!!!
Category: Reverse Mortgage Loans | 1 Comment
GET IT RIGHT ABOUT REVERSE MORTGAGES!!!!
Yep, it’s true, there are some pretty significant fee’s associated with reverse mortgages. As compared to “forward” mortgages, these fees seem out of character and have all the elements of STICKER SHOCK!
But, let’s get some clarity. All the barking in the press about the fees is usually unbalanced and […]
