THE MISSION OF THIS BLOG IS TO EDUCATE AND UPDATE CLIENTS INTERESTED IN CHANGES AND TRENDS IN THE MORTGAGE INDUSTRY, TO ENCOURAGE DIALOGUE AND INVITE EVERYONE, FROM RENTERS AND FIRST TIME HOMEBUYERS TO INVESTMENT/SECOND HOME AND EVEN COMMERCIAL CLIENTS. I WILL DO MY BEST TO ENSURE A CONCISE, ACCURATE ANSWER. I'VE BEEN IN THE INDUSTRY SINCE 1987, AND I STAY ABREAST OF THE CHANGES IN PROGRAMS AND GUIDELINES. REST ASSURED THAT IF I DON'T KNOW THE ANSWER TO A QUESTION, I'LL DO MY BEST TO GET IT.
ARCHIVED BLOG POSTS
Two months ago I didn't know a blog from a log. Just last month I was lucky enough to be invited into the Active Rain Community by an old friend, Bill Wagner, of Keller Williams in Northfield, NJ. I cannot overstate how much info I've received already, and how many great contacts I've already met...
OK, its been 3 days and I have finally recovered enough from the excrutiating loss to talk about the monday night game. If you missed it, it was a track meet of a football game, in which the Eagles had control most of the game but lost to the Cowboys at the end. I've got to think that even people...
Well, what does everyone think of the Fannie/Freddie bailout? As a taxpayer, I'm not happy about it, although I am hardly surprised that we're going to pay the freight. As someone who depends upon our industry for a living, I have to say that its a step in the right direction. Now, whether you be...
HEY, ITS NOT QUITE THE SAME THRILL AS HITTING A GAME-WINNING HOMERUN, BUT I AM PRETTY EXCITED ABOUT THIS. I JUST RECENTLY SETTLED A NEW CONSTRUCTION TRANSACTION. THE CLIENT MORTGAGED ROUGHLY $650,000 ON A PROPERTY THAT HE PURCHASED FOR $812,000. THIS BUYER AND I BECAME FRIENDS DURING THE PROCESSI...
THE WAVE OF ADJUSTABLE RATE MORTGAGES THAT WERE PROLIFERATE DURING THE EUPHORIC UP MARKET HAS LEFT A LOT OF PEOPLE ALL DRESSED UP WITH NO PLACE TO GO. MANY OF THESE LOANS HAVE RESULTED IN NEGATIVE AMORTIZATION, PARTICULARLY THE 'PAY OPTION ARMS' THAT GOT SO MUCH PLAY DUE TO THE LOW 'DEFERRED INTE...
THE COLLEGE FOOTBALL SEASON IS OFF AND RUNNING AND FANS OF WEST VIRGINIA HAVE TO BE SMILING A LITTLE BIT AFTER RICH RODRIGUEZ ABSORBED A LOSS IN HIS FIRST GAME AT MICHIGAN. MEANWHILE, WVU APPEARS TO BE LOADED. ALTHO A WIN OVER SMALL SCHOOL PROGRAM VILLANOVA DOESN'T PROVE MUCH, WVU IS DEEP, TALENT...