San Francisco Loan Officer Blog

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Mortgage and Lending - Mercury Lending
These are some of my insights on the Bay Area Home Mortgage market, and California and Oregon in general. Please let me know if you are liking what I am writing!
RECENT BLOG POSTS
I have submitted another posting on the Real Estate Finance Market market, with basic news on what is happening every day.  I think the next logical step is to talk about WHY this is happening.  The main motivation and reason that a market collapses or gets saturated is greed.  There is soooo muc...
04/26/2007
I think there are many many common mistakes out there when it comes to credit, and it seems like even the most educated people make those mistakes.  As of late, I have had a lot of clients and new applications from people that are making the same common mistakes, and I think it is important to fi...
04/26/2007
As the market changes, especially in the San Francisco Home Loan market, and it gets more and more difficult for corrupt mortgage brokers to make 5 points per deal, what I am questioning is what should a mortgage broker make?  My personal feelings is that every broker should come to their own con...
04/26/2007
I have the great pleasure of having a wonderful wife that is a teacher for multiply handicapped deaf children in the Bay Area, and am trying to offer more services to the community.  I have talked with my wife about her committment, and we are agreeing that she will offer her interpretting servic...
04/25/2007
The San Francisco Home Loan Market has been overwhelmed by lenders pushing, even specializing and promoting this loan called the "Option ARM".  You may have heard it on the radio, you may have seen it on TV, I guarantee you have received something in the mail about it.  It promotes the 1% payment...
04/25/2007
I think this word gets thrown around a lot, and sometimes "success" doesn't stick.  Is that really success? Possible reasons a person is successful:Lots of MoneyPeople desire themConsistent results and supportRespect of their peersI think success has a few different characteristics of each.  But ...
04/25/2007
I wanted to share a little story I heard yesterday from one of my Bank Reps that not only frightened me, but angered me a little.  If anyone has any insight I would love a contribution. So, I am talking with my rep about what they are saying, what is new on their end, and they told me a story abo...
04/24/2007
I want to share a little advice that I think is one of the most important things in the Real Estate and credit game.  As I have said in previous posts, credit is the most important thing when it comes to Real Estate finance.  One of the biggest mistakes I see people making is with "Co-signing".  ...
04/24/2007
et's face it, credit is extremely important in Real Estate finance, and one of the most important, if not the most important factors, is paying everything on time.  I am going to give a few tips on how to make managing the payments and keeping that FICO score in 700's to ensure you can stay compe...
04/20/2007
The San Francisco Mayor's Office of Housing issues a certain number of houses in the city to be sold at Below Market Rates for people who are "low income" borrowers to allow more people to be able to qualify for home ownership, in typically expensive housing areas.  The median housing cost in San...
04/20/2007
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Jonathan Vetter

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These are some of my insights on the Bay Area Home Mortgage market, and California and Oregon in general. Please let me know if you are liking what I am writing!