Archives for May 2007
100 Year Mortgage
If I had this option, and closed on a house today and kept the loan until it was paid off, I would be 143 years-old. I just find this funny. Really.
As of today there is no such program, but there is a 50 year program. So…is this a good thing? My stock answer: it depends.
Before the […]
Mirror, Mirror: Mortgage Reflection Time
We need to turn off the television. Here’s why.
This post describes a few situations, of people losing their homes, which probably should not have happened for several reasons. (Please read the article before reading the rest of my post.)
First, whether we like it or not, our credit reports (our credit histories) determine so much of our financial […]
Pre-Approval Saves the Day
Spider-Man may be saving cities right now, but here’s a hero who is saving his client.
Russ reviewed his client’s credit report and found an incorrect late payment for a previous client who has had outstanding credit. This all happened early on, during the pre-approval period, so, as Russ writes, things should work out fine.
But what […]
Scorecard for Your Mortgage
It’s golf season. The weather here in Chicago finally turned and I went to the driving range to practice.
My wife has been golfing for over ten years, and last year I decided to take lessons, practice, and play as often as I could. I loved playing. I became passionate about playing. It seemed it was […]
Review of My Book On The Mortgage Porter
Thanks so much to Rhonda Porter for her kind review of my book.
Another example of generosity and kindness. An act of giving.
Loan Officers Like Babies
My daughter just turned one. Though she hasn’t yet spoken an actual word, there’s a bunch of humming and singing and noise-making coming from our little sweetie.
This morning I was wondering what will be that first word, when will the actual verbal communication start. Then I realized, she communicates perfectly well. She talks through her noises […]
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