Eddy's Blog

By
Mortgage and Lending - Nationwide Funding Group
The Real Estate and Mortgage Industry In My Own Words..................................
RECENT BLOG POSTS
In real estate there are two ways that you can work. No matter what people will consider real estate professionals to be salespeople. After all our goal is to sell people real estate or to sell them the benefits of financing. Sales can arise from a need. When people move they need housing and wou...
10/21/2006
For prorating purposes, use 30 days for a month and 360 days in a year. The proration process:1 = Determine the number of days to be prorated2= Calculate the cost per day3= Mulitply the number of days by the cost per day4= Decide whether the item should be a credit or a debit to the buyer or sell...
10/20/2006
It is current a buyers market prices in homes for sale have dipped a bit. Due to this i have come across alot of new home loans. For the most part people require 100 percent financing. With this the customer can be qualified for two mortgages 80 % first and 20 % second in order to avoid paying PM...
10/20/2006
Intelligent neglect is a time management practice that i use and is extremely effective. This practice is utilized when you eliminate tasks which do not have long-term consequences for you. On your to do list can you delegate or eliminate any of the items. You can number your to do list from 1 to...
10/20/2006
Time - shares can be a very profitable business. A time-share is a real estate development in which a buyer can purchase the exclusive right to  occupy a unit for a specified period time each year. The time is usually in one week intervals and can be a fixed week or a floating week. In addation t...
10/19/2006
Customers when you sign your closing loan documents whether you are refinancing, closing on a new home purchase or getting a second , hard money or private mortgage it is importnat that you understand the terminology used. Sometimes us mortgage professionals tend to speak a certain lingo that as ...
10/19/2006
From my experiences urgent tasks have short- term consequences while important tasks are those with long-term, goal-oriented implications. I suggest you work towards reducing the really urgent things you must do so you will have time for your important priorties. Highlighting or flagging these it...
10/19/2006
Manufactured Homes are built on a non removable steel chassis and transported to the building site on their own wheels. Here in calfornia and in other states (loans i have closed and have the appraisal) many manufactured homes are attached to a permanent foundation , and are considered real prope...
10/18/2006
A few months ago i finally came across a lender who does financing for mobile and manafactured homes in over 30 states. Prior to this banks simply wouldnt touch these. They are able to obtain financing for a purchase or refinancing their existing property. Not every real property out there is a S...
10/18/2006
0 Comments
As a mortgage professional deadlines are something we live and die by. Customers want efficient service. A loan whether its a refinance ,second mortgage. hard money /private, or for a new home should be funded in no more than 17 business days. Obviously problems come up during the process but tho...
10/18/2006
Rainer
214,665

Eddy Martinez

Contact The Author