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Mortgage and Lending - GetLoans.com - NMLS# 185421
RECENT BLOG POSTS
Is there a free lunch, or isn’t there? My last post about mortgage shopping suggested that interest rates are only a slight bit different (1/8%) from lender to lender, and that the consumer needs to focus on performance, customer service and execution more than price. But no one does, do they? A...
04/23/2010
Whether a consumer is calling a bank, a mortgage banker or a mortgage broker; all mortgage providers fund their mortgages through the same sources. Because of this, mortgage rates are very close from one lender to another. I broker to over 60 banks, and have never seen rates vary by more than 1/...
04/21/2010
A Reverse Mortgage is when your house pays you back, or that is how the commercial goes. But at what cost? And is it worth it? I have been doing some more research on these Reverse Mortgages (RM). I have been trying to condense 80 pages of data down into something manageable. Here are a few impo...
04/09/2010
Title insurance is insurance against defects in title to real property. It is meant to protect an owner’s or lender’s financial interest in property against loss due to title defects, liens or other matter of public record. It will defend against a lawsuit attacking the title, or reimburse the i...
04/05/2010
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There are a lot of questions about refinancing, or at least there should be. The questions a consumer should be asking of a mortgage professional are: 1. What are the closing costs I have to spend to refinance? 2. Can I finance those costs into the new loan amount? 3. How much would I save by re...
03/31/2010
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Shopping for a loan is easy, kind of like window shopping. You poke your head in the window, take a look, maybe you go in the store and ask a few questions, maybe you go to another store, who knows. You are not obligated to buy from anyone, and you are going to check every source you can TO GET ...
03/26/2010
Appraisals seem to be the issue of the day in the mortgage and real estate world. Everybody seems to value property differently even in the best of real estate markets. In a more difficult real estate environment, appraising becomes even more contentious. For example, banks have really tightened...
03/24/2010
An HO-6 policy is the form used for a condominium insurance policy. This condo policy will provide for coverage on the interior walls, interior upgrades, and for personal property held within the dwelling. How does this apply to mortgage finance? In 24 years of mortgage banking, I have never eve...
03/11/2010
Has anyone else noticed that buying new investment real estate does not cash flow? At today’s prices, which are likely lower than in the last several years, you still seem unable to find real estate that can turn a profit as a rental property. I wonder why that is? A January 3rd 2010 article in ...
03/07/2010
It used to be simple to get an FHA condo loan. Lenders could do an FHA “Spot Condo Approval”, which meant that the condo did not need to be on the FHA Approved Condo List, and all we lenders needed to do was verify that the condo met certain FHA requirements (51% owner occupancy, no litigation a...
03/01/2010
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Brian Martucci

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