Lending Tree Falls Hard…Goes Boom.
One motto of Lending Tree is, "when lenders compete, you win." Yes, I agree. But that should be expanded to be considered even somewhat accurate. If Lending Tree were my company I'd say, "when...
View ArticleAPR and FBI, CIA, USDA, FDIC, ATF, USPS, SEC, NASA, HUD.
Don't all of these alphabet groups and definitions confuse you? Interest Rate and APR are two of the most commonly confused terms in the mortgage business. Many people think APR (Annual Percentage...
View ArticleGetting A Good Rate: Priceless. Rate Shopping Online: Useless!
Everyone wants to get the best deal reasonably possible when getting a mortgage. I say reasonable, because although some lending sources advertise what seem like unreal rates, most consumers are smart...
View ArticlePaying Points On A Loan
When you buy a new home, or refinance, it can be a nervous and exciting time. And getting excited and nervous causes people to over analyze and sometimes make poor decisions. Sometimes a client will...
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Will We Ever Learn?
It seems we are doomed to repeat our mistakes. Mankind has been jumping over bushels of hundred dollar bills to reach the quarter in the corner, since the dawn of currency. I have a number of new...
View ArticleLenders May Be Less Than Honest On Their Good Faith Estimates?
The Good Faith Estimate (GFE) is one of the worst ways to compare lenders. I must get asked for a GFE 10 times a week, and 10 times a week I try and explain that using a GFE is the wrong way to compare...
View ArticleIt Got Dark!
Going dark. All salespeople have experienced this, no matter how good. You educate a potential client, you spend hours and hours with them answering questions, you create a relationship, and you truly...
View ArticleDo Not Be Sold, Be Educated.
One motto I follow in life is: do not be sold, be educated. One of the favorite t-shirts that I have is an old, tattered blue t-shirt that has the words “I Need Advertising To Help Me Decide” written...
View ArticleGetting A Mortgage Is Easy, I Can Use Anyone…Right?
Getting a loan is easy, right? You apply for the loan, you send in some paperwork, someone appraises the home, and if your credit is OK, a little bit later, you get a mortgage. Right? It should be that...
View ArticleFHLMC Is Offering Mortgages Direct!
Why do I feel like when someone calls me to talk about interest rates, they are calling multiple people, scouring the internet, and getting a lot of misinformation? I have a good friend who works at...
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Five FHA Loan Facts to Know Before You Buy A Home
FHA, known as the Federal Housing Administration, offers a mortgage loan requiring borrowers to have mortgage insurance on the loan. The FHA loan originated during the great depression and has...
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How To Find The Best Mortgage Lender
When comparing mortgage lenders there are many things to consider. If you want to save time follow the below steps on how to compare mortgage lenders. Time is valuable and these six steps should help...
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