Kenneth Nelson's (themortgagesherpa) Blog

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Mortgage and Lending - Continental Home Loans
RECENT BLOG POSTS
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Everybody, and I mean EVERYBODY told me that when the government subsidy for the $8000 tax credit expired on April 30 that there would be a drop off in the real estate market. To all those folks I politely say  "HA ! HA ! HA ! I took in more pre-quals this weekend than I have in a long time. The ...
05/03/2010
I speak to many potential home buyers every day. I am still amazed that many people shopping for a mortgage tell me that they feel the banks have no money to lend. This is just Not True !! There is plenty of money available for mortgages. In fact, there is more financing available than demand. Th...
04/22/2010
Statistics show that over 80% of all people looking to buy a home begin their search on the internet. This is a great tool for homebuyers to see what is available in the market. BUT -- I think it is even MORE IMPORTANT for buyers to FIND OUT HOW LARGE A MORTGAGE THEY CAN GET/QUALIFY FOR BEFORE th...
04/09/2010
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The other day my wife, who works for a major Credit Union, told me that many of her customers do not know the meaning of equity when applying for a mortgage. Sometimes mortgage professionals take for granted that homebuyers, especially first time buyers, understand the terminology of mortgage fin...
03/25/2010
Every day I get calls from my Real Estate "partners" asking me to pre-qualify their customers and send out a pre-approval letter.  I am always happy to do this, it's my job ! Lately however, I seem to be getting more and more pre-qual requests on customers who simply don't qualify for any type of...
03/15/2010
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