Yipee! Mortgages and Loans!Yipee! Mortgages and Loans!Getting your home mortgage or loan should be an easy, painless process. Make sure you are informed and working with someone you can trust!!! Articles
Foreclosures: Impact on Real Estate Market May Not be as Severe as Expected
2008-05-22 17:03:00 Great Article from www.behindthemortgage.com and Report that validates our belief of how the media has an enormous impact on the perception of the market.We're talking about foreclosures and short-sales folks, or, as a new report from the Minneapolis Area Association of Realtors terms it: Lender-Mediated Sales.Jeff Allen, research director at the MAAR and Aaron Dickinson, Edina Realty agent are responsible for this tight little report, entitled "Foreclosures and Short Sales in the Twin Cities Market " which gets to the heart of some questions that have been on a lot of minds lately. Chief among them: Just how much of the current market activity is foreclosure/short sale related, and what are the broader impacts? The report itself confirms a fact that many of us tracking the issue anecdotally have suspected: Almost 30% of closed sales (Q1 2008 - see graphic above) are/were in some stage of foreclosure or other "lender-mediated" status, such as a short sale. One surprising data point ... More About: Estate , Real Estate , Real Estate Market
I have been asked...why use a broker to refinance?
2007-11-08 07:47:00 Whether you're shopping for groceries or looking for a car, you want options. Shopping for a mortgage loan is no different. And there's no better place to find options for a mortgage refinance than with a mortgage broker.Greg Mischio wrote this article and really summed up why a homeowner should use a mortgage broker when refinancing.One of this summer's blockbuster films is the Fantastic Four, a movie based on the adventures of four superheroes. The quartet's leader is the genetically altered Mr. Fantastic, who can stretch his body like silly putty. Mortgage broker often use powers similar to the costumed crime fighter. They can stretch and shape a mortgage refinance to fit your financial situation.Here are five reasons that explain the unique superpowers of mortgage brokers, along with a word on how to prevent a broker from stretching your refinancing budget past the breaking point.1. One broker, many lenders. Mortgage brokers can put together a variety of loan packages becaus... More About: Refinance , Broker
Did you hear this...?
2007-08-11 12:45:00 This year has been a challenge for those working in the mortgage industry. In case you didn't know it, the end is here! No more banks lending money to the average person like you and me. No more tapping into your equity to pay some bills, send your kids to college or remodel your house. No more homes are being built, bought or sold. ...or at least that is what they (whoever "they" are) would like you to think.Did you hear this during the last couple of weeks???Home loan demand surges as interest rates drop(USA Today)Mortgage Applications Rise Last Week Despite Market's Problems(Yahoo.com)Mortgage applications climb(Mortgage Bankers Association)The reality...builders are still building, home buyers are still buying, homeowners are still refinancing, etc... Now that is not to say that it hasn't gotten tougher on the people in the mortgage business and the consumer. It definitely has.The mortgage brokers and bankers have definitely had a lot to overcome. More stems from the bad news... More About: Hear
CrossWay Mortgage Selects Google's Blogger to Shed Light on the Mortgage /
2007-08-03 22:45:00 Every day the questions are the same... What are the rates? What is the best loan program? What costs are involved in financing my home? Why should I use xyz company? etc...etc...etc...There are no wrong questions...but there are wrong answers. We see it all the time. You hear it all the time. You know, the radio ads where that guy is YELLING at you! The other ads where they are going to do everyone's loan for free! hmm...and I guess all those folks in their offices work for free?!?When purchasing a home, you are typically making the single largest purchase decision you will ever make. The company / person you choose to help you through this important process can save or cost you many thousands of dollars over the life of your loan. When I bought my first home...I talked to that guy who was yelling at everyone on the radio. I also talked to that girl on TV who promised to do my loan for free. After talking with both, and a couple of other "professionals", I made a... More About: Blogger , Mortgage , Light , Logger , Blogg |
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