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I am witnessing an alarming trend.
More and more loan officers are relying on email as their primary and sometimes their only way to communicate with their prospects.
Don’t get me wrong. Email is great. I love email. It’s free, fast, and you don’t have to play phone tag…
As a result of filing bankruptcy, many consumers are required to attend credit counseling. The best method of pursuing this is to do it under Chapter 13 of the United States Bankruptcy Code…
Here is a press release from the National Association of Mortgage Brokers highlighting the results of a study done by George Washington and Oklahoma State Universities…
As a mortgage loan officer one of your jobs is to get the prospect to feel at ease with you…
If you put less than 20 percent down on a home mortgage, lenders often require you to have Private Mortgage Insurance (PMI). PMI protects the lender if you default on the loan. The Homeowners Protection Act of 1998 - which became effective in 1999 - establishes rules for automatic termination and borrower cancellation of PMI on home mortgages…
The good news about working for yourself is that you don’t have a boss breathing down your neck…
If you want to sell your deeded timeshare, and a company approaches you offering to resell your timeshare, go into skeptic mode:
· Don’t agree to anything over the phone or online until you’ve had a chance to check out the reseller…
The thought of owning a vacation home may sound appealing, but the year-round responsibility and expense that come with it may not. Purchasing a timeshare or vacation plan may be an alternative…
In calculating the total cost of a timeshare or vacation plan, include mortgage payments and expenses, like travel costs, annual maintenance fees and taxes, closing costs, broker commissions, and finance charges. Maintenance fees can rise at rates that equal or exceed inflation, so ask whether your plan has a fee cap…
Mail Call: Bills, a letter from your Aunt Mary, a circular from a local department store, your monthly bank statement, and an offer for a new credit card that says you’ve been “prescreened” or “prequalified.”
A “prescreened” offer of credit? What’s that?..