Six Simple Steps for Getting More Applications
When I first started out as a loan officer, one of the things I found to be the toughest, was taking an application over the phone. I just didnt seem to have the skills, nor did I have a plan. I was literally calling people on the phone and saying something to the effect of; Hello, my name is Jay ... more...

6 Things to Consider Before Refinancing
Perhaps youre a homeowner in need of some quick cash.Maybe you want to consolidate your debts so you have better control of your money.Perhaps a lender is urging you to refinance because interest rates are low, and he has a too-good-to-be-true deal that will shorten your current loans term.Here are ... more...

What You Need to Know About Mortgages
Business stuff can be downright confusing especially when confronted with rates, numbers and the banking jargon that seem alien language to you. Still, you do not really have much choice as loans, interest rates and mortgages are words that you can either understand and study or risk losing the ... more...

Simple Strategies to Making Financial Gain
Now is a great time to make it a habit to manage your resources instead of your resources managing you. What is meant by that when we are stating that "Your money manages you"? Here is a well known example:"There is more month than there is money so that new purchase, trip, or splurging will need ... more...

Bankers Don't Want You to Know That You Pay for Your No Cost Home Loan Forever
With mortgage rates continuing on a downward trend, the competition in the business is fierce. A day never passes that I don't hear some crazy advertisement about a new loan program that XYZ mortgage company has and no one else offers. One of the oldest programs remains steadfast in both its high ... more...

There's a Referral for Everyone
I worked for years as a mortgage loan officer. During this time I worked with two very successful loan officers, however, their styles were polar opposite. These two guys were opposites to the point where they basically didnt like each other, and spent most of the day avoiding one another.Here are ... more...

WARNING: Many Home Owners May Be Living Above Their Means!
San Ramon, CA -- Federal Reserve Board Chairman, Alan Greenspan, commented best when he stated "Homeowners might have saved tens of thousands of dollars had they held Adjustable-Rate mortgages rather than Fixed rate mortgages during the past decade". If you own a 30year fixed mortgage, the first ... more...

Home Equity or Debt Trap?
Are you using the equity from your home to purchase everyday things? This is a dangerous trend growing more popular every month as millions of Americans tap into the value of their home to fund a lifestyle.How many times have you heard the saying Your home is the best investment youll ever make? ... more...

Credit Problems: What You Can Do
Having a blemish on your credit report can lead people to believe that it will be impossible for them to obtain a mortgage or refinance their current one.Although having less than perfect credit can be a challenge, all hope is not lost.There are lenders out there, and many of them, who specialize ... more...

Rate Locks And How They Work
Remember, rates change all the time, and it can be one or two months between the time you apply for a loan and when your sale closes... and rates can have jumped in that time.A lock commits the lender to lend at a specified interest rate and points, provided the loan is closed within the specified ... more...