Archives for the 'Loan Officers' Category
MORTGAGE APPLICATION: A CHICKEN AND EGG THING
Many borrowers, especially first time homebuyers, ask about the mortgage process. Basically: “So what do I do?”
First, to make an offer to purchase a property, the listing agent (or homeowner if it’s a FSBO) will likely want a pre-approval letter. In order for the loan officer to write the letter, he or she must have […]
ANGRY ABOUT YOUR MORTGAGE OPTIONS?
I read this recent blog post and got angry myself. For a different reason than the writer.
He seems to be upset because banks/lenders are using systems to offer higher rates to current, valued clients. Hmmm….. At first glance I would agree and be upset. Yes, you want to give your best customers your best products […]
WILL THE MORTGAGE PROGRAMS BE THERE?
Here in Chicago we hit 60 degrees this weekend. I noticed everyone out and about, walking dogs, walking kids, wearing shorts, etc. So I guess spring is here.
Then I noticed the trees. Still all bare. Not any sign of buds yet. It was as if the buds were still afraid to pop out for fear that we’d get […]
GETTING A MORTGAGE? HOW ABOUT A PAUSE?
The other week I was talking with a real estate agent who is very smart. Smart and intelligent.
We were discussing the hot topic of the day, month, and year: the state of the mortgage industry. We eventually got around to the various ways to fix the problems. We all know that the government would get involved, […]
CHOOSING A LOAN OFFICER WISELY
Everyone wants to be smart. Or is that…intelligent? Or…wise? Anyway, no one wants to come across as an idiot. Yes, idiot is a strong word, and really we just want to come across that we understand or know what we are talking about.
Today I was having a conversation with a colleague in my industry and […]
The Cure For The Foreclosure Epidemic: Part 5–What Happened to Pluto?
For seventy-six years we were taught that we have 9 planets in our solar system. Pluto, that planet way, way out there, and the last to be discovered, was the ninth. Then, in 2006, we woke up one day to learn that Pluto was no longer. It was recategorized as a dwarf planet, and so […]
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