What’s Your Point?? Nawwwww … Not THAT Point! A great scene, isn’t it? But it’s not those “points” I’m going to talk about in this blog. No, I’m talking the “points” referred to when discussing mortgage costs and options. I’ve had several discussions as of late, with some pretty confused borrowers regarding these […]
What’s Your Point? Read More »
Don’t “Cut Your Nose Off and Spite Your Face” when it comes to your Mortgage Financing There’s an old saying … “You’re cutting your nose off and spiting your face” … Stretching the point just a bit, I want to use this saying to get a message across regarding interest rates … and
Los Angeles Mortgage Financing | Cheaper is Not Always Better Read More »
Time COULD be Money … Should You Delay Too Long. Be Prepared to Make Your Mortgage Application A short while ago, I wrote a blog regarding the upcoming increases that will be coming to mortgages as a result of recent government Enactments regarding Fannie Mae and Freddie Mac. I found a recently-written article in National Mortgage News. It
Be Prepared to Make Your Los Angeles Mortgage Application Read More »
Words … That’s all clients hear, if they don’t understand themeaning of the words being used or thrown at them. And that leads to frustration, lack of action, confusion, and loss of interest … something totally and completely maddening, plus a waste of time, should you be the potential client. They MAY be hearing ya, but you’re not getting
Terminology to Help you Navigate your Los Angeles Home Buying and Mortgage Transaction Read More »
Recently I was reviewing a credit report with a prospective homebuyer. After going over a few different pieces of information together, we began to talk about differing mortgage programs available to him for his home purchase. It’s fair to say, that this young man’s credit scores were … well, shall I say, “challenged”? They were close to
I was just approached by a potential buyer, enquiring about a Los Angeles home for sale. My first question to her was whether she had spoken to a lender. Her answer was no. I told her that she needed to do that before starting the process of buying a Los Angeles home. Her answer: “I
I Don’t Want to Talk to a Lender. I Want to Find a House First Read More »
Maybe the following has become a more personal worry to me this last year because I became the grandfather to a beautiful baby girl last October. That certainly has brought the urgency of the following topic “home” to me. In the not too distance past, having conversations with a daughter concerning finances, credit, and
Have a Daughter? Educate her about Finance, Credit and Buying a Home Read More »
Statistics told us, that prior to Christmas of last year, Americans were doing a pretty good job of decreasing their debt, especially on credit cards, plus they were in a savings mode too But according to statistics recently released by the Federal Reserve, revolving debt (mostly credit cards) is up 5.1%. It is the biggest increase seen
How to Return to Good Financial and Credit Health Read More »
I ran across the following issue with a recent client. After running their credit, we discovered what appeared to be an error on it. Positive that it was indeed an error, they wanted to address the problem immediately. My suggestion to these clients was to do nothing … right now. I know. That sounds contrary to
Errors and Disputes on Credit. How and When to Move Forward Read More »
As usual, Gene Mundt, a Chicago mortgage lender offers excellent advice which Los Angeles home buyers can take advantage of. Today, I want to address 3 things that seem to crop-up frequently when working with home buyers … and that’s … Rumors, Reminders, & ‘Rithmetic! Rumors first, as I believe misconceptions and untruths can scare potential
Today’s Mortgage Lesson: The Three R’s. Rumors, Reminder, and ‘Rithmetic Read More »
