What’s it gonna take people

I talk to alot of realtors on a daily bases. What i’m mostly hearing from them is complaints about borrowers not being prequalified but wanting to look at homes. Many of these potential homebuyers are very young, fresh out of college and they think they can buy a home like their parents. Yet most of [...]

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Get Ready

Things have not changed

Honestly, it’s not that the fnma and fha guidelines have changed and made it harder to lend to people. It’s that the underwriters are too stupid to know the guidelines anymore because there used to their desktop underwriting the loan for them. I’m not kidding.

Mortgage Payoff

This is a blog about Mortgage Payoffs (existing mortgage balances) If you are refinancing this applies to you. You need to always know an estimate of your existing 1st mortgage and in some cases 2nd mortgage balances. In order to obtain this information you can look on your statement for an 800 number and call [...]

Volunteers? Anyone?

Had an event over the weekend with Habitat for Humanity. Sing for a Cause which is an idol type competition. I was one of the judges and we had a great turnout for the tryouts. It just so happen that one of the recipients that Habitat is building a home for was present. She got [...]

100% Financing, UH YEAH

I spoke with an old client of mine who financed with me back in the days when things were honest and ethical. He’s now purchasing a home and applied for financing 5 months ago. He has a job where he’s worked for 4 years now, some savings and his credit is good. He qualifies for [...]

The Great Depression

I found an old cassette that belong to a friend of mine a few weeks ago. It was an old high school project that he completed for his Social Studies class back in 1985. He interviewed his Great Uncle Gib about the Great Depression in the early 1900′s. Honestly Social Studies was not one of [...]