ARCHIVED BLOG POSTS
2006
4
Comments
Below is an e-mail that one of my co-workers, just sent me. I have checked out the websites listed below and it looks to be for real. ”JURY DUTY SCAM: This has been verified on Snopes.com (link listed below) and by the FBI (their link is also included below). Fall for it and your identity...
10/11/2006
5
Comments
This beats it all. This just appeared on Yahoo, titled "New Toaster Turns Bread Into Art". I guess if we got one of these new toasters we could advertise our business on someone’s breakfast. Let’s see breakfast with George, take a bit of George, start your day with George, or a loan you can che...
10/11/2006
1
Comments
Not a day goes by that I am not looking at atleast one or two Credit Reports, and it never ceases to amaze me how credit scores differ from one Repertory to another. I have seen swings of as much as 100 points between Repertories. That is why I always run a tri-merge report each time I pull cr...
10/10/2006
0
Comments
This article that apeared today in "Bloomberg.com" is a great example on how the news media always looks for the negetive, especially when it comes to the housing market. “U.S. Housing Slump May Shave 1% Off GDP, Freddie Mac Forecasts By Kathleen M. Howley Oct. 10 (Bloomberg) -- U.S. housing sal...
10/10/2006
5
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Realtors tell me that a number of Loan Officers call on them during the week, especially those that they are not doing business with and who are hoping to get some of their referrals. My question is, how much of a factor is the first impression that they make on you play into your decision on wea...
10/10/2006
2
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I am told that most States have a conveyance tax that is paid by the Seller at the time that they convey ownership of their property to the new Buyer, Connecticut is no exception to this. At the closing generally the Seller will pay a 1% conveyance tax, which is split 50/50 between the State and...
10/09/2006
8
Comments
There are a number of Realtors that I have called on that tell me they do not really sell house, but mainly concentrate on ‘just listing" them. I have always found this hard to believe. I have taken it as them saying in a round about way, that they are doing business with someone else, and that ...
10/09/2006
3
Comments
Point are generally looked upon by Borrowers as a bad thing. One of the first things I hear from a Borrower is I want the lowest 30 year fixed loan with no points. I can understand that because can be a negative, for example points are charged on some loans if the LTV is to high, if the credit s...
10/09/2006
3
Comments
I get faxes everyday advertising 1% & 2% Loans, and I wonder how many people fall for this? How many of them understand that these are negative amortization Loans? That each month the loan size increases. Do they understand that at the end of 3 to 4 years their interest rate will be equal to o...
10/08/2006
3
Comments
I wish I knew this when I was telling mytwo sons the facts of life.
10/08/2006
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George Souto
Your Connecticut Mortgage Expert