Your Financial Coach Talk with Chuck!

sorry for the rant! But I have spent a couple months on a refi for a '77 mobile on a lot....sound easy...nope...owner is on SSD, with girlfriend on SSD and her sister. so he collects rent to use for income, but never puts anything in the bank...pays cash! But he isn't the problem....it's the hard...

The next client that comes to me to buy a pre-76 mobile home with no money down will make me swear and scream! The banks and Lending institution hates these. I know that the thinking behind this is that there cheap. But not really. If you do have a 40% down payment, why not use that for reserves ...

Todays rate on a 30 year fixed is about 6.5%. The listing price is $300K, so payments are $1798.65 no taxes and ins. at 6%. The seller really awants the house but wants to wait till the rate goes back down to 6% (in dreamland). Realtor instructs Buyer to offer $285K at 6.5% and paymets would be $...

Let's take a vote. Realtors and RE Brokers, have to be licensed in order to sell Real Estate. Mortgage Brokers and Loan Originators that are not in banks have to be licensed now in most states. Banks are exempt from any of these laws that the states make. Did you know they are also exempt from gi...

Too many people put off something that brings them joy just because they haven't thought about it, don't have it on their schedule, didn't know it was coming or are too rigid to depart from their routine. I got to thinking one day about all those people on the Titanic who passed up dessert at din...

Washinton State started licensing Loan Originators on Jan 1st of this year. You can go to www.dfi.wa.gov/cs/loan_originator and check the name of the loan Originator. You also need to make sure they are conected with a Broker that has a company name. Some Loan Originators are still trying to do l...

I don't want to step on any realtors toes, but I would like to know how successful it has been for realtors to market to FSBOs. Would it be a good idea to team up with a Realtor as a Mortgage guy and both of us hit that market...or does it really even work...even one sale or pruchase would make i...

I was wondering how many mortgage people out their will work for free. After you get the purchase and sale agreement, and have already spent an hour pre- qualifying the client, then a few hours finding a loan they can fit into, you order all the documants, make sure everything is time managed and...

I received 2 referrals from active rain this past week. One from another active rain realtor in another state and a referral from a consumer in the eastern part of the state. Both times I talked to them over the phone and feel that they will become long time aquaintences. Very nice people. I have...

A few months back I helped a couple refinance their log home...thought this would be an easy one becasue they had great credit, wanted to stay under 80% ltv and were just consolidating bills and 2 vehicle payments...easy rate and term refi right...NOT! could find any comps within 5 or 10 miles......