Daniel Litvin's (gr8r8) Blog

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Mortgage and Lending - Advantage Lending Corp / Daniel Litvin
RECENT BLOG POSTS
Advantage Lending Corp is looking to fill 8 new seats in down town Rochester Michigan.  If you or any one you may know is looking to make a move and wants to work some where that offers great commission splits, friendly environment, and has a desire to learn how to take their game to the next lev...
10/31/2008
I recently had a purchase transaction where I ordered the appraisal from JP Morgan Chase's approved appraiser list.  After receiving the appraisal and turning it into the lender, Chase ordered a second appraisal and kindly let me know that i get to pay for that one too!  You can only imagine my e...
10/31/2008
The pathways to foreclosure are varied and numerous, especially in today's tougher economy. Increasing mortgage payments or mounting credit card debt, a sudden loss in income or employment, a serious illness, or a divorce or separation are all unexpected changes that can quickly lead to delinquen...
09/05/2008
Your client found the perfect house, they've spoken with your lender, they've even given you a pre qualification letter, but are they really approved? Contacting a lender and getting pre qualified for a mortgage usually consists of not much more than a five minute conversation and a review of the...
08/26/2008
Recently I was working on a purchaselocated in a Declining Market here in Michigan.  I was placing the loan through Countrywide who was supposed to be able to do a 95% LTV regardless of the declining market criteria.  Two weeks prior to closing CWBC informs me the LTV had been dropped to 90% due ...
08/26/2008
Since my wife and I have gotten married 3 months ago, we've been looking for a new home.  There is a great sub with canal access to Lake Orion that we like, but some of these home owners are crazy.  There are two homes specifically that have created this scenario for me.  Both homes are exactly t...
08/14/2008
Zero down loans are few and far between when it comes to getting a mortgage these days.  Although Rural Housing still offers a Zero Down Payment program, better make sure the house doesn't have an in ground pool.  In Michigan, Rural Housing has funded more loans this year then in any other year s...
08/08/2008
If your a Realtor reading this, I have one question... would your current broker or mortgage lender you currently refer business to be able to say the same thing? Michigan is the fifth worst state in the country for mortgage fraud and foreclosure and with 3,000 mortgage brokers in the state, the ...
07/28/2008
As a mortgage broker the majority if not all my business has come from referrals from friends, family and referral partners.  This is the traditional school of thought that all mortgage loan officers are taught where to get business from.  These are all great warm leads, and a good source of busi...
07/18/2008
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Daniel Litvin

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