Musings for Those in the Rain

Follow me
By
Mortgage and Lending - NMLS #142344
The blog of The Mortgage Guys of Domus Mortgage consists of informative posts for our potential or existing mortgage clients combined with other articles geared toward Mortgage and Real Estate Professionals in which we strive to share experiences or seek guidance.
RECENT BLOG POSTS
I was just going through my old Windows folders, and came across one titled "Not Interested Letters."  This folder was buried in another folder on my server, and I had not opened it in years.  When I first went out on my own in 2002, I had employed a strategy of not only marketing to those people...
02/27/2008
Dateline:  Monday, February 25, 2008, Yonkers, NYThe Mortgage Guys of Domus Mortgage are happy to announce another successful mortgage transaction arranged by the hardworking men and women of our company, bringing the total to 1,373.  This satisfied client interested in refinancing was referred t...
02/26/2008
What is a Title Report?  And why in the world do I need one?This is a valid and common question asked of The Mortgage Guys of Domus Mortgage during the course of the mortgage process.  Unlike an appraisal or a pay stub, the Title Report is slightly less intuitive and a little more difficult to un...
02/25/2008
 On Monday, February 25, 2008, The Mortgage Guys of Domus Mortgage Services, Inc. proudly announces the release of a new, state-of-the-art Web site, http://www.domusmortgage.com/.  With our investment in this site and its underlying technology, The Mortgage Guys have taken a giant leap forward to...
02/25/2008
So what are people saying about The Mortgage Guys of Domus Mortgage?  Please read below to see what some of our satisfied clients are saying.Words can't express how much your thoughtfulness is appreciated.  Thank you very much.- Beverly BolandThank you very much for your service in securing a mor...
02/25/2008
"Where old-fashioned values meet today's technology and programs. We strive to restore consumer confidence in our industry one hand-shake, & one satisfied customer at a time."Domus Mortgage Services, Inc. is a privately owned mortgage company located in Rockland Countyincorporated under the laws ...
02/25/2008
Do you ever tire of fancy solicitation letters, phone calls, emails or pop-ups from "big name" mortgage companies telling you that you are "pre-approved" for a mortgage loan.   Inevitably, these approvals are reserved for those with perfect credit, a large income, or an expensive house with a sma...
02/18/2008
WHAT IS NEGATIVE AMORTIZATION?  AND IS IT REALLY NEGATIVE?DefinitionNegative Amortization, or "Neg Am" is defined as a "gradual increase in mortgage debt that occurs when the monthly payment is insufficient to cover the interest due, and the balance owed keeps increasing."What Does this Mean?Quit...
02/18/2008
WHAT IS AN INDEX?  AND WHY DOES IT MATTER TO ME?Let's back up for a moment.  First, you should know that any adjustable rate mortgage is comprised of a margin (which remains fixed) and an index (which can and usually does adjust).  An index is defined as a published measure of economic conditions...
02/18/2008
WHAT ARE ALL OF THESE "INITIAL DISCLOSURES" THAT MY BROKER IS ASKING ME TO SIGN?When presented in person by a qualified Mortgage Professional or received via snail mail or email, you are most likely asking yourself, "What am I about to sign?"  Needless to say, this is a valid question and one tha...
02/18/2008
Rainer
29,675

Steven Odierno

NJ Mortgage & Marketing Professional
Contact The Author