Personal Finance, Mortgage and Real Estate Blog
Understand The Different Types of Business Models Lenders Have All lenders have business models. The part of the business model that we are going to discuss in this article in the series is what drives a particular lender’s rates and fees. All of the different types of lenders set their loan rates and fees offered to the public based on the business model created by those that run the company. The main take away from this is to understand that each business decides what the … [Read more...]
Sensitive topic here for sure...but an important one, none the less. The scene is: you have done everything you were supposed to. You applied for a loan, provided the lender all of the necessary documents and after a month of back and forth you have received the coveted "clear to close." Excited, you start getting ready to move. You now order the moving trucks, share with friends and family your new address, and order the appliances that are on sale. All is going well; your attorney … [Read more...]
Want the best mortgage rates? It really is easy to find them as long as you know what to look for and what questions to ask. In this series of articles I describe what is necessary to get the best rate, costs and terms for your home loan. We will start out with some necessary understanding of the mortgage market and go deeper with each article. I hope you enjoy this series. I know that many of us tend to think the mortgage industry is too complicated, but it's not; as we … [Read more...]
Understand The Different Types of Business Models Lenders Have Time to share a frustration of mine. Credit card offers. I get enough of them that I can literally wallpaper my home with them. The mentality that banks use to send credit card offers is one of the reason's our banking system is a mess. Literally - if they have an address and name (or part of a name), they will send them to you. Does anyone think sending a credit card offer to a 5 year old makes sense? Here … [Read more...]
What happened to Apple? This has been something I’ve thought about for some time now; especially since my inventory of Apple products has grown to include 3 IPhones, 1 IPod, 1 IPad, 1 IPad 2 and, of course, an Apple MacBrook Pro with the new Apple 27” Apple Thunderbolt Display. I remember back when Apple was the little guy’s computer, used by artists, designers and those that wanted to stand up against the large corporations. In modern times they would be one of the 99% … [Read more...]
I will admit it, I am a Mac fan. I own a Mac computer (two actually--a desktop and a laptop), and I have an iPhone (which I can honestly say revolutionized my productivity...really). So, when a few of … [More]
If you are always on the lookout for ways to enhance your business, you know that it is often difficult to keep up with the latest and greatest tools. No need to worry, I am going to do that for you … [More]
FHA has just extended the 90 day flipping waiver days before its expiration. The existing waiver was set to expire at midnight on January 31st 2011; the extension extends the waiver till December … [More]
In case you missed it, the self-proclaimed voice of the Federal Reserve Board, Mr. Paul Mordor, has had a "President of BP" rude comment moment about how annoyed he is about the fact that he is … [More]
Here are some common concerns and questions that I often hear from home buyers planning to use the 203-k rehabilitation loan. Remember that this loan is an FHA loan and adheres to the same … [More]
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