Yearly reviews are a great way to keep on track with your financial goals. You’re probably already meeting with your financial advisor and other asset manager for quarterly or annual reviews, and you should do the same with your Mortgage Planner as well. An annual mortgage check-up is an ideal way to make sure your mortgage is still having the maximum positive impact on your overall financial plan.
A lot can happen in one year. The market can take turns that can open up new opportunities, such as reduced interest rates, new loan products or changes in home values. Furthermore, your personal and financial situation could be mildly to radically different than it was just 12 months prior. Perhaps one or more of the income earners got a raise or lost a job. Maybe you received an inheritance. Even a minor, one-year change in one of your kids’ college plans could impact your financial situation in a way that would benefit from an adjustment in your mortgage strategy.
Periodic reviews serve several purposes. First, they establish a consistent path toward achieving your financial goals. Secondly, they ensure that you stay on track with your goals. Sometimes plans need minor adjustments, but without the knowledge that comes from a thorough evaluation, those minor adjustments may go unnoticed. Often, by the time an adjustment becomes apparent, you may have already lost valuable time and/or resources that could have been spared with a few minor modifications along the way. Finally, periodic reviews help to keep you accountable toward your commitment to achieve your objectives. Without accountability, it’s very easy to let your savings and investment actions fall by the wayside, especially when unexpected expenses arise. Knowing that you’ll be discussing your action steps will help to keep you committed to your goals.
Consider scheduling a periodic review with your Mortgage Planner in conjunction with your asset manager’s review. In addition to saving time, you’ll also gain the advantage of your own personal management team for your financial asset-building program.
Remember that getting clarity on your financial situation is never a waste of time. If you find that your current financing is more desirable than the financing that is available in today’s market, you’ll know that your Mortgage Planner did a great job advising you last time. If you find that your changing circumstances have dictated that a new loan will better suit your new situation, your Mortgage Planner can bring you one step closer to achieving your financial goals.
Thursday, November 8, 2007
Friday, November 2, 2007
What a week.
On October 31st, the Fed announced its second consecutive decrease in rates, cutting another 0.25% from the Fed Funds Rate 4.5%. This change could directly impact millions of American borrowers. Are you one of them?
Unemployment remains steady at 4.7% are you employed?
Manufacturing grew in October at the weakest pace since March, suggesting that ongoing troubles in the housing and credit markets have seeped into the industrial sector.
Oil prices finished at a record close Friday, as light, sweet crude for December delivery settled at $95.93 a barrel, up $2.44 from Thursday's close. Earlier in the session, oil prices hit an intraday high of $96.00.
Gold prices reached its highest level in 28-years, as COMEX gold for December climbed $14.80 to $808.50 an ounce.
Adjustable Rate Mortgages
If you currently have an ARM that is scheduled to reset in the next 14 months, then this news is good for you. Now is the time to investigate your options. Even if you have a pre−payment penalty or you're behind in your payments, don't delay. There may still be options available to get you out of your ARM and into a mortgage you can afford, including FHA or the new FHA Secure program introduced by the President. Important: The FOMC does not meet in November, so ask yourself this: Can you really afford to roll the dice until its next meeting in mid−December?
Buying at the Bottom of the Market
If you're looking to invest in real estate in the next six to twelve months, and recent rate cuts have inspired you to start
taking action, now is the time to prepare yourself for intense credit scrutiny. There are a lot of great real estate deals to be had today. But if your credit doesn't stand up in today's tight−fisted credit environment, then you could easily miss out on an exceptional opportunity.
What's the point of taking advantage of discounted home prices if you can't qualify for the right mortgage or interest rate that makes it all worthwhile? Get pre−approved now and know exactly what you can afford. And with the right REALTOR® on your side, you can have incredible negotiating power in a buyers' market!
Refinancing − Know Your Options
While rate cuts often spark ideas of refinancing, this may not be the best choice for everyone. In some cases − especially in a market where home values are declining − refinancing may be impossible or disadvantageous. Call me today for a free mortgage review. Based on your individual goals and financial needs, we can explore every available option for you and your family.
I look forward to hearing from you soon.
Unemployment remains steady at 4.7% are you employed?
Manufacturing grew in October at the weakest pace since March, suggesting that ongoing troubles in the housing and credit markets have seeped into the industrial sector.
Oil prices finished at a record close Friday, as light, sweet crude for December delivery settled at $95.93 a barrel, up $2.44 from Thursday's close. Earlier in the session, oil prices hit an intraday high of $96.00.
Gold prices reached its highest level in 28-years, as COMEX gold for December climbed $14.80 to $808.50 an ounce.
Adjustable Rate Mortgages
If you currently have an ARM that is scheduled to reset in the next 14 months, then this news is good for you. Now is the time to investigate your options. Even if you have a pre−payment penalty or you're behind in your payments, don't delay. There may still be options available to get you out of your ARM and into a mortgage you can afford, including FHA or the new FHA Secure program introduced by the President. Important: The FOMC does not meet in November, so ask yourself this: Can you really afford to roll the dice until its next meeting in mid−December?
Buying at the Bottom of the Market
If you're looking to invest in real estate in the next six to twelve months, and recent rate cuts have inspired you to start
taking action, now is the time to prepare yourself for intense credit scrutiny. There are a lot of great real estate deals to be had today. But if your credit doesn't stand up in today's tight−fisted credit environment, then you could easily miss out on an exceptional opportunity.
What's the point of taking advantage of discounted home prices if you can't qualify for the right mortgage or interest rate that makes it all worthwhile? Get pre−approved now and know exactly what you can afford. And with the right REALTOR® on your side, you can have incredible negotiating power in a buyers' market!
Refinancing − Know Your Options
While rate cuts often spark ideas of refinancing, this may not be the best choice for everyone. In some cases − especially in a market where home values are declining − refinancing may be impossible or disadvantageous. Call me today for a free mortgage review. Based on your individual goals and financial needs, we can explore every available option for you and your family.
I look forward to hearing from you soon.
Saturday, October 27, 2007
How to Determine Whether Your Loan Officer is Reputable
In slower markets, some loan officers may feel pressured to close deals that aren’t in the homeowner’s best interest. In order to avoid getting into difficult and financially compromised positions with their mortgages, borrowers are well advised to be acutely aware of the signs of a responsible loan officer when selecting a mortgage professional.
First, look for a Mortgage Planner whose values are focused on helping individuals to achieve their financial goals in both the fastest and the safest way possible. A reputable Mortgage Planner will show you the numbers associated with the proposed loan and provide you with concrete information that backs up his or her claims. Review all of the numbers. If they don’t add up, ask for clarification. If your loan officer can’t or won’t answer your questions, move on--without the loan.
Secondly, a responsible Mortgage Planner will present you with financial information that goes beyond the point of the transaction, and will illustrate the total cost of the loan over time. If your loan officer is focusing only on rates and fees, you may be working with someone who’s looking out for his or her own best interests, not yours.
Responsible Mortgage Planners will also tailor their strategies to fit your unique situation. In other words, they always take your personal financial goals into account. No one should try to place you into a loan without knowing the intricacies of your personal financial situation.
Finally, if your loan officer is advising you on issues other than mortgages, you could be working with someone who is compromising your best interests. Issues like investment rates of return and real estate appreciation aren’t the areas of expertise for the vast majority of mortgage professionals and should be left to the professionals who have training and direct experience in those areas.
When seeking a loan officer, look for someone who specializes in mortgage planning, which is the process of evaluating a borrower’s unique financial situation and advising the borrower on a loan that best suits his or her individual needs and goals. If your loan officer is trying to put you into a loan without evaluating how that loan will effect your entire financial situation--including debt management, tax benefits, investment goals and net worth--it’s quite possible that you’re only getting half of the picture.
The bottom line is that your mortgage representative should always be looking out for your best interests, regardless of market conditions.
First, look for a Mortgage Planner whose values are focused on helping individuals to achieve their financial goals in both the fastest and the safest way possible. A reputable Mortgage Planner will show you the numbers associated with the proposed loan and provide you with concrete information that backs up his or her claims. Review all of the numbers. If they don’t add up, ask for clarification. If your loan officer can’t or won’t answer your questions, move on--without the loan.
Secondly, a responsible Mortgage Planner will present you with financial information that goes beyond the point of the transaction, and will illustrate the total cost of the loan over time. If your loan officer is focusing only on rates and fees, you may be working with someone who’s looking out for his or her own best interests, not yours.
Responsible Mortgage Planners will also tailor their strategies to fit your unique situation. In other words, they always take your personal financial goals into account. No one should try to place you into a loan without knowing the intricacies of your personal financial situation.
Finally, if your loan officer is advising you on issues other than mortgages, you could be working with someone who is compromising your best interests. Issues like investment rates of return and real estate appreciation aren’t the areas of expertise for the vast majority of mortgage professionals and should be left to the professionals who have training and direct experience in those areas.
When seeking a loan officer, look for someone who specializes in mortgage planning, which is the process of evaluating a borrower’s unique financial situation and advising the borrower on a loan that best suits his or her individual needs and goals. If your loan officer is trying to put you into a loan without evaluating how that loan will effect your entire financial situation--including debt management, tax benefits, investment goals and net worth--it’s quite possible that you’re only getting half of the picture.
The bottom line is that your mortgage representative should always be looking out for your best interests, regardless of market conditions.
Saturday, October 13, 2007
Oct 8th -13th wk 2007 Review
Bonds finished up close to the same level they began the Holiday shortened trading week. The economic reports such as the Fed Meeting Minutes, Retail Sales and the Producer Price Index had Bonds dancing around the 200-day Moving Average every day this week.
Next week's scheduled economic reports will influence Bond prices as well as the direction the Fed may take at the next Meeting on Oct 31st. We'll keep you posted on how Traders handicap the Fed's next move.
Next week's scheduled economic reports will influence Bond prices as well as the direction the Fed may take at the next Meeting on Oct 31st. We'll keep you posted on how Traders handicap the Fed's next move.
Friday, August 24, 2007
Mortgage week end Wrap
Durable Goods Orders soared in July, scoring their largest gain in about a year. This report is volatile from month to month, so Bonds didn't react much on the strong economic news.
The New Home Sales report was better than expected. The monthly sales inventory came in at 7.5 months, which is less than last month's reading and well below March's reading of 8.3. Overall this is a pretty good housing report considering the present landscape in the lending industry.
Due to the events in the mortgage and housing sector, a number of economists believe the economy is moving toward a recession. My sources believe the Fed will soon begin to cut short-term interest rates in an effort to help the economy avoid this.
Bonds are trading in a sideways pattern along key levels of support.
to good reads:
Mad Dash for Housing Help
Gross VS. Bush & Econ
The New Home Sales report was better than expected. The monthly sales inventory came in at 7.5 months, which is less than last month's reading and well below March's reading of 8.3. Overall this is a pretty good housing report considering the present landscape in the lending industry.
Due to the events in the mortgage and housing sector, a number of economists believe the economy is moving toward a recession. My sources believe the Fed will soon begin to cut short-term interest rates in an effort to help the economy avoid this.
Bonds are trading in a sideways pattern along key levels of support.
to good reads:
Mad Dash for Housing Help
Gross VS. Bush & Econ
Monday, August 20, 2007
Fed Discount Window Cut
The Federal Reserve has taken significant action in the last few weeks due to the credit crunch. And now they've made an unexpected move by cutting the discount window rate – which is great news. I'll get to that in a minute, but first let's look at recent events and understand what they mean.
Market movement:
To date, over 120 mortgage companies have closed their doors due to reduced liquidity.
The result: Borrowers who want to take out non−conforming loans have fewer, more expensive options.
Many media outlets have incorrectly added fuel to the fire by stating that mortgage lending has stopped altogether and that borrowers can't get a loan without a 20% down−payment.
This is not true.
Conforming interest rates and loan programs, those backed by Fannie Mae and Freddie Mac, have not been significantly impacted by recent events. Even better, interest rates have come down from recent highs.
While this is good news, the market is experiencing unprecedented volatility and changes could come at any time. Borrowers need to act swiftly and decisively in today's climate.
What did the Fed do?
Now back to the discount rate. This is the interest rate charged to commercial banks and other depository institutions on the loans they receive from their regional Federal Reserve Bank's lending facility. The Fed's decision to cut this rate provides stability in the financial markets and this can be good for all of us. How exactly does this provide stability? Here's an example: Imagine you just wrecked your car and it requires $5,000 worth of repairs. You have a short−term need for cash to pay your mechanic. Even though you know you will eventually be
reimbursed by your insurance company, you still need the cash now. So do you sell off stocks to get the cash, or tap into an equity line of credit? Most likely, you draw from that line of credit rather than liquidating a long−term investment. This is what the banks are facing in today's liquidity crisis. And Bernanke's move helps them avoid long−term damage by
supplying access to short−term cash. It's important to note that the discount rate is different than the Fed Funds Rate, which directly impacts interest rates that you pay for Home Equity Lines of Credit, credit cards, and automobile loans. Most importantly, the discount window rate cut does not directly impact mortgage rates.
What should you do now?
Information, knowledge, and expertise are the building blocks of sound financial decision making. If you are considering financing or are in the process of financing a home, you should tap into the resources of a skilled mortgage professional. I strongly encourage you to contact me as soon as possible. I would welcome the chance to help you navigate these choppy waters.
Market movement:
To date, over 120 mortgage companies have closed their doors due to reduced liquidity.
The result: Borrowers who want to take out non−conforming loans have fewer, more expensive options.
Many media outlets have incorrectly added fuel to the fire by stating that mortgage lending has stopped altogether and that borrowers can't get a loan without a 20% down−payment.
This is not true.
Conforming interest rates and loan programs, those backed by Fannie Mae and Freddie Mac, have not been significantly impacted by recent events. Even better, interest rates have come down from recent highs.
While this is good news, the market is experiencing unprecedented volatility and changes could come at any time. Borrowers need to act swiftly and decisively in today's climate.
What did the Fed do?
Now back to the discount rate. This is the interest rate charged to commercial banks and other depository institutions on the loans they receive from their regional Federal Reserve Bank's lending facility. The Fed's decision to cut this rate provides stability in the financial markets and this can be good for all of us. How exactly does this provide stability? Here's an example: Imagine you just wrecked your car and it requires $5,000 worth of repairs. You have a short−term need for cash to pay your mechanic. Even though you know you will eventually be
reimbursed by your insurance company, you still need the cash now. So do you sell off stocks to get the cash, or tap into an equity line of credit? Most likely, you draw from that line of credit rather than liquidating a long−term investment. This is what the banks are facing in today's liquidity crisis. And Bernanke's move helps them avoid long−term damage by
supplying access to short−term cash. It's important to note that the discount rate is different than the Fed Funds Rate, which directly impacts interest rates that you pay for Home Equity Lines of Credit, credit cards, and automobile loans. Most importantly, the discount window rate cut does not directly impact mortgage rates.
What should you do now?
Information, knowledge, and expertise are the building blocks of sound financial decision making. If you are considering financing or are in the process of financing a home, you should tap into the resources of a skilled mortgage professional. I strongly encourage you to contact me as soon as possible. I would welcome the chance to help you navigate these choppy waters.
Monday, August 13, 2007
It takes more than good credit to get a mortgage these days.
The Days of shopping for a Mortgage are over; with fewer and fewer lenders in the market what you are quoted is most likely the best product out there. With the caveat you are working with a Mortgage Planning Professional.
Mortgage Credit Tightening for Even Credit-Worthy Borrowers
Mortgage Credit Tightening for Even Credit-Worthy Borrowers
Thursday, August 9, 2007
Credit Crisis Cripples Markets
The purpose of this communication is not to alarm you but to alert you to drastic and irreversible changes currently taking place in the mortgage market. If you or anyone else you know will need mortgage financing in the next 18 months, you need to read this!
Just last week, American Home Mortgage and its wholesale counterpart, American Brokers Conduit, became the latest casualties of the credit crisis. Last year, this company closed over $58 billion in home loans. Despite being, by all accounts, a well-run business, market conditions forced them to file for bankruptcy, leaving billions of dollars in loans in their pipeline unable to close. Tens of thousands of borrowers have now been left without financing as a result of companies like this going under.
Clearly, with over 100 national lenders having now closed shop in the last eight months, this is no longer simply a subprime lending issue. The credit market is experiencing unprecedented turmoil. According to Federal Reserve Chairman, Ben Bernanke, "Financial markets have been volatile in recent weeks, credit conditions have become tighter for some households and businesses, and the housing correction is ongoing."
What does this mean to consumers?
Potential borrowers cannot wait any longer. For those who are considering buying a home, be aware that the volatile credit market can change overnight, leaving fewer options available to borrowers attempting to qualify for a mortgage. This is even more true for those looking to refinance. With decreases in home values and fewer available mortgage instruments, delaying any longer could get significantly more expensive.
Borrowers with applications in process must not delay. Applicants should work with their mortgage professional to complete all paperwork quickly, especially on non-conforming, stated-income, and stated-asset loans. Even minor delays can result in funds being yanked at the closing table!
Sellers can no longer be reluctant to accept offers or reduce prices. Tightening credit and diminishing mortgage products will continue to reduce the pool of qualified buyers. This, along with the increase in national housing inventories, means now is not the time to hold out for the "best" price possible.
Buyers with credit issues or who have difficulty providing required documentation can no longer sit on the fence. If market conditions change, buyers who qualify for a loan today may not qualify a few weeks from now for the same exact loan. Just this week, many lenders have stopped offering No-Doc loans, and some lenders have even pulled back on all forms of stated loans. As market conditions continue to change, a buyer's pre-approval status can disappear even more quickly, delaying or spoiling the deal.
Subprime and Alt-A refi candidates, especially those with ARMs scheduled to reset over the next 12 months, need to act now - even those with a pre-payment penalty. ARMs borrowers struggling with monthly payments now might be shocked to know that monthly payments can double in some cases once an ARM resets.
What does this mean to you?If you or someone you know has any ongoing real estate transaction, I would be glad to help. Please call me right away. As an educated mortgage professional, I will utilize my experience and resources to help you and your loved ones to navigate through these turbulent times. Don't leave your future in the hands of some random mortgage provider. I'm local, accountable, and you can trust that I'll do everything in my power to help you succeed.
Just last week, American Home Mortgage and its wholesale counterpart, American Brokers Conduit, became the latest casualties of the credit crisis. Last year, this company closed over $58 billion in home loans. Despite being, by all accounts, a well-run business, market conditions forced them to file for bankruptcy, leaving billions of dollars in loans in their pipeline unable to close. Tens of thousands of borrowers have now been left without financing as a result of companies like this going under.
Clearly, with over 100 national lenders having now closed shop in the last eight months, this is no longer simply a subprime lending issue. The credit market is experiencing unprecedented turmoil. According to Federal Reserve Chairman, Ben Bernanke, "Financial markets have been volatile in recent weeks, credit conditions have become tighter for some households and businesses, and the housing correction is ongoing."
What does this mean to consumers?
Potential borrowers cannot wait any longer. For those who are considering buying a home, be aware that the volatile credit market can change overnight, leaving fewer options available to borrowers attempting to qualify for a mortgage. This is even more true for those looking to refinance. With decreases in home values and fewer available mortgage instruments, delaying any longer could get significantly more expensive.
Borrowers with applications in process must not delay. Applicants should work with their mortgage professional to complete all paperwork quickly, especially on non-conforming, stated-income, and stated-asset loans. Even minor delays can result in funds being yanked at the closing table!
Sellers can no longer be reluctant to accept offers or reduce prices. Tightening credit and diminishing mortgage products will continue to reduce the pool of qualified buyers. This, along with the increase in national housing inventories, means now is not the time to hold out for the "best" price possible.
Buyers with credit issues or who have difficulty providing required documentation can no longer sit on the fence. If market conditions change, buyers who qualify for a loan today may not qualify a few weeks from now for the same exact loan. Just this week, many lenders have stopped offering No-Doc loans, and some lenders have even pulled back on all forms of stated loans. As market conditions continue to change, a buyer's pre-approval status can disappear even more quickly, delaying or spoiling the deal.
Subprime and Alt-A refi candidates, especially those with ARMs scheduled to reset over the next 12 months, need to act now - even those with a pre-payment penalty. ARMs borrowers struggling with monthly payments now might be shocked to know that monthly payments can double in some cases once an ARM resets.
What does this mean to you?If you or someone you know has any ongoing real estate transaction, I would be glad to help. Please call me right away. As an educated mortgage professional, I will utilize my experience and resources to help you and your loved ones to navigate through these turbulent times. Don't leave your future in the hands of some random mortgage provider. I'm local, accountable, and you can trust that I'll do everything in my power to help you succeed.
Thursday, June 21, 2007
The Reason For the Rise
When inflation fears recently led central banks in New Zealand and Europe to suddenly increase their short−term interest rates, the repercussions were immediate. Interest rates soared around the globe − especially in the US.
According to the Chicago Tribune, mortgage interest rates have reached their highest levels in nearly a year! In fact, Freddie Mac recently reported the fifth consecutive week of rate increases across the board since May 15th!
If you or someone you know is considering a new home purchase or refinance in the next 12 months, I urge you to investigate all available options now instead of waiting any longer.
Yes, it's true. Mortgage interest rates are currently under 7.00%, but they may not remain there for long. As history has demonstrated, a rapid rise in interest rates is sometimes a precursor to even higher rates in the coming months. In 1993, interest rates on a 30−year fixed rate mortgage jumped from 6.69% to 8.23% in just five months. With this latest surge in
interest rates, can you really afford to wait any longer?
Remember, mortgage rates are based on mortgage−backed securities, which investors buy and sell like stocks on the stock market. If returns are more attractive in other countries and other markets, investors and their capital will follow − and rates will likely increase. It's that simple. Combine this with the present turmoil of the post subprime housing market, and it really does make sense to at least consider all of your available options now. Honestly, if this sudden surge in interest rates was the only sign of a changing market, I wouldn't waste your time. But,
growing concern about inflation and how the Federal Reserve might respond, combined with increases in housing inventories, decreases in home values in many neighborhoods, and the tightening of credit standards and guidelines is just too much evidence to ignore.
While no one can predict exactly what will happen, including me, experts in the bond arena have expressed concerns that rates will continue to increase throughout the rest of the year. Some believe that the Federal Reserve will be forced to raise interest rates prior to year's end. This would increase interest rates for existing Home Equity loans, credit card loans, and potentially existing ARMs. Find out how these and other changes could affect your financial situation.
According to the Chicago Tribune, mortgage interest rates have reached their highest levels in nearly a year! In fact, Freddie Mac recently reported the fifth consecutive week of rate increases across the board since May 15th!
If you or someone you know is considering a new home purchase or refinance in the next 12 months, I urge you to investigate all available options now instead of waiting any longer.
Yes, it's true. Mortgage interest rates are currently under 7.00%, but they may not remain there for long. As history has demonstrated, a rapid rise in interest rates is sometimes a precursor to even higher rates in the coming months. In 1993, interest rates on a 30−year fixed rate mortgage jumped from 6.69% to 8.23% in just five months. With this latest surge in
interest rates, can you really afford to wait any longer?
Remember, mortgage rates are based on mortgage−backed securities, which investors buy and sell like stocks on the stock market. If returns are more attractive in other countries and other markets, investors and their capital will follow − and rates will likely increase. It's that simple. Combine this with the present turmoil of the post subprime housing market, and it really does make sense to at least consider all of your available options now. Honestly, if this sudden surge in interest rates was the only sign of a changing market, I wouldn't waste your time. But,
growing concern about inflation and how the Federal Reserve might respond, combined with increases in housing inventories, decreases in home values in many neighborhoods, and the tightening of credit standards and guidelines is just too much evidence to ignore.
While no one can predict exactly what will happen, including me, experts in the bond arena have expressed concerns that rates will continue to increase throughout the rest of the year. Some believe that the Federal Reserve will be forced to raise interest rates prior to year's end. This would increase interest rates for existing Home Equity loans, credit card loans, and potentially existing ARMs. Find out how these and other changes could affect your financial situation.
Thursday, June 14, 2007
Foreclosure or fallacy?
What Foreclosure Crisis! That is the question.
National Epidemic, or segmented distraught??
Here's something to confuse you further: On Thursday, June 14, the Mortgage Bankers Assn. announced that the delinquency rate for mortgage loans on residential properties fell 11 basis points in the first quarter of 2007, to 4.84%, from 4.95% in the fourth quarter of 2006.
Read More.
Say What?
National Epidemic, or segmented distraught??
Here's something to confuse you further: On Thursday, June 14, the Mortgage Bankers Assn. announced that the delinquency rate for mortgage loans on residential properties fell 11 basis points in the first quarter of 2007, to 4.84%, from 4.95% in the fourth quarter of 2006.
Read More.
Say What?
Tuesday, June 5, 2007
Stop the countless phone calls from Mortgage solicitors.
Over the last year the credit bureaus have been attempting to increase their bottom line. What does this have to do with all of the countless Mortgage calls?
Well in order for the bureaus to maintain profitable growth they have been selling Your Info!
If you have recently applied for a Mortgage Online or through your Current Broker, once your credit is pulled the bureaus are then selling your info as a Mortgage Lead to multiple Mortgage companies Multiple Times.
In Mortgage companies’ defense, the majority do not know they are buying second generation information.
To stop the future calls visit this website:
https://www.optoutprescreen.com/
Well in order for the bureaus to maintain profitable growth they have been selling Your Info!
If you have recently applied for a Mortgage Online or through your Current Broker, once your credit is pulled the bureaus are then selling your info as a Mortgage Lead to multiple Mortgage companies Multiple Times.
In Mortgage companies’ defense, the majority do not know they are buying second generation information.
To stop the future calls visit this website:
https://www.optoutprescreen.com/
Thursday, May 24, 2007
Sales of new U.S. homes rose 16.2 percent in April, the sharpest climb in fourteen years
You have to Love to see/hear those numbers. Now that all the Part timers and get rich quick types have been weeded out, will the Real Housing Market please stand up? Builders have also adapted to inventory supply and demand, welcome back to ECON 101 Community College style (late starters, but just as good as state and private schools).
The best time to buy is when an item is unpopular, it’s CYCLICAL!!!
To read more:
http://www.cnbc.com/id/18841019
or
http://money.cnn.com/2007/05/24/news/economy/new_home_sales/index.htm?postversion=2007052411
The best time to buy is when an item is unpopular, it’s CYCLICAL!!!
To read more:
http://www.cnbc.com/id/18841019
or
http://money.cnn.com/2007/05/24/news/economy/new_home_sales/index.htm?postversion=2007052411
Tuesday, May 22, 2007
Is the mortgage professional you are working with licensed?
Would you like more info on the beef/hype?
Who’s to blame?
See what the President of the Mortgage Banker Association had to say (“he is just upset brokers can provide better service and our hours don’t stop when the bank closes”): http://www.usatoday.com/money/economy/housing/2007-05-22-mortgage-blame_N.htm
Personally I don’t know any bank teller that is licensed? John Robbins time to look a little deeper!
With the uproar in the mortgage industry and congress set to pass legislation. Confirm you are working with a licensed professional - https://fortress.wa.gov/dfi/licquery/dfi/licquery/default.aspx My license 510-LO-36419
Who’s to blame?
See what the President of the Mortgage Banker Association had to say (“he is just upset brokers can provide better service and our hours don’t stop when the bank closes”): http://www.usatoday.com/money/economy/housing/2007-05-22-mortgage-blame_N.htm
Personally I don’t know any bank teller that is licensed? John Robbins time to look a little deeper!
With the uproar in the mortgage industry and congress set to pass legislation. Confirm you are working with a licensed professional - https://fortress.wa.gov/dfi/licquery/dfi/licquery/default.aspx My license 510-LO-36419
Thursday, May 17, 2007
Uncle Ben Believes in LAISSEZ FAIRE - "me too"
Too much government intrusion in the troubled subprime mortgage business.
In a speech before the Federal Reserve Bank of Chicago on Thursday, Bernanke outlined the background and run-up to the present crisis in subprime lending and gave his view of what adjustments government regulators needed to make to minimize the scope and severity of subprime mortgage problems.
Read More - http://money.cnn.com/2007/05/17/real_estate/Bernanke_on_subprime/index.htm?postversion=2007051716
In a speech before the Federal Reserve Bank of Chicago on Thursday, Bernanke outlined the background and run-up to the present crisis in subprime lending and gave his view of what adjustments government regulators needed to make to minimize the scope and severity of subprime mortgage problems.
Read More - http://money.cnn.com/2007/05/17/real_estate/Bernanke_on_subprime/index.htm?postversion=2007051716
Our Rationale
We will post various items on this blog from current events to market strategies. we aim to break the barrier.
We are at the Forefront of a revolution in the financial industry. We have developed strategic relationships that will allow our clients to:
Pay of there Mortgage Faster at the same time managing there equity and securing there financial future.
If you have any questions in regards to home financing or equity management please do not hesitate to ask. All of our consultation is free of charge and zero obligation..
We are at the Forefront of a revolution in the financial industry. We have developed strategic relationships that will allow our clients to:
Pay of there Mortgage Faster at the same time managing there equity and securing there financial future.
If you have any questions in regards to home financing or equity management please do not hesitate to ask. All of our consultation is free of charge and zero obligation..
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