ARCHIVED BLOG POSTS
2006
8
Comments
I get to look at several of credit reports each week. Sometimes it is discouraging because I have to tell the person that they either have to do a subprime loan, or they have to wait and clean up their credit. Sometimes the credit is so bad that I can't even do a subprime loan. But as discoura...
10/04/2006
4
Comments
Both Loans with PMI and 80/20 Loans have a place in the Mortgage industry. The problem comes when Loan Officers try to fit the buyer into the wrong program. This happens a lot more often when Loan Officers are trying to fit a Borrower into an 80/20 more for their gain then the Borrowers. Exampl...
10/04/2006
7
Comments
Every time we drive to meet a customer, guess whose recreationwe are supporting. Who would ever have thought that this couldhave been constructed in the Desert?Notice the palm trees outside. Remember, this is in the middle of the desert.... The very HOT desert where temperatures get up to 120 de...
10/04/2006
10
Comments
Well I don't know about everyone else but I think I will spend a part of my evening watching the start of this years Baseball Playoff's. Those of you who are baseball fans like me look forward to this time of the year. It has been a long season, and this is the reward for the teams and their fa...
10/03/2006
4
Comments
Below is a e-mail that a Co-Worker forward to me today, and I thought that it is good information to pass along. I could save people getting these calls a lot of money.“IMPORTANT INFO ABOUT AREA CODE We actually received a call last week from the 809 area code. The woman said "Hey, this is...
10/03/2006
3
Comments
I guess the News Media can't make up its mind weather house prices are up or down. We keep on reading how prices and sales are down, which make buyers very nervous. But read what CNN Money.com put out today:"Housing burden rising across AmericaRenters and homeowners paying more than 30 percent ...
10/03/2006
2
Comments
Being a good Loan Officer is the same as being a good Realtor, you have to be available. This means being available even when it isn't convenient. It means being available in the evening. It means being available on weekends. And yes even sometimes when you’re on vacation. My cell phone is o...
10/02/2006
2
Comments
All of us have heard of a Home Inspection, well I would like to suggest a Mortgage Inspection. Time is too valuable to waist it on someone who’s Pre-Qualification Letter is from some company that you have not heard of or from a .com. Why not let a Mortgage Professional that you trust take a clos...
10/02/2006
5
Comments
There is still a lot of misunderstanding about the CHFA Recapture Tax and a lot of miss information about it. In order for the Recapture tax to occur three things need to happen. Not one, or two of them but ALL three, and they are:1) The homeowner needs to sell the house within the first 9 yea...
10/02/2006
1
Comments
I have done several Loans that involved the Borrower or Co-Borrower paying alimony to his or her spouse, and they all had three things in common.1) They were for a fixed amount.2) They were for a specific period of time.3) No matter what the job situation, the one responsible for the alimony w...
10/01/2006
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George Souto
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