New Changes in the Rules, May 2018

New Changes in the Rules, May 2018

The 115th Congress (2017-2018) passed S. 2155, The Economic Growth, Regulatory Relief and Consumer Protection Act, which includes several critical regulatory provisions. Although most provisions are welcomed by most some leave others with different concerns such as Continue reading

I Didn’t Think

I Didn’t Think

It’s a tough thing to understand when you’re not working in the mortgage world. Most home buyers only experience a purchase or refinance every 4 to 7 years. Every year the rules change a little along the way but in reality, the basics remain the same.

The basics are the simple stuff which include your  Continue reading

More Than Today

More Than Today

I have always had in the back of mind what my goals and dreams were. Unlike most, mine are written down and have been part of my long term business plan. I meet with many people every month and have a full view of most everyone’s financial picture. Although people are very different, and we’re as different as each other’s finger prints, most people break down into just a few different types when comes to people who are ready to retire.

Some are Continue reading

It’s Just Sneaky

It’s Just Sneaky

Do you remember when you were a kid and you did a paper or drawing at school and when you got home, your mother would put it on the refrigerator for all your family and friends to see. There is no doubt your mom was proud of you and she wanted the world to know that. She maybe wanted to encourage you to continue to do good work. Maybe the deeper meaning was to teach you as you grew older that if your work was always good enough you should put your name on it for everyone to see.

I know many of us receive letters or postcards in the mail. The mail looks like a check or a notice from your mortgage lender, but Continue reading

Credit Pulls and Credit Alerts

Credit Pulls and Credit Alerts

Timing a credit pull can sometimes be the hardest thing we have to ‘guestimate’ when to do. Allow me to explain. For a proper prequalification, a credit pull is essential. Before we do this, we always ask the borrower what they think their credit is or what they think their credit is like. Believe it or not over 85% of people are Continue reading

Paper Versus Electronic

Paper Versus Electronic Documentation

It’s funny how we all see things, as a man in his mid-fifties who has been married thirty years, I still never see myself as old – although my kids do! I just think some of my joints have worn out way before their time. I mean, if you live in my community there are people over 100 years old still driving themselves around town. This can make anyone my age feel very young.

After all, I do consider my myself a pretty healthy guy with a little extra coating around the midsection to help keep me warm, oh forget that, I live in Florida. No really, I am pretty healthy especially for my age but recently I have had to make a few trips too many to the VA hospital. Something popped up that gave me a little concern and reminded me that we are all still vulnerable no matter how strong or healthy we think we are.

My point is, after looking around the hospital Continue reading

DIY Mortgages

DIY Mortgages

“Do It Yourself” mortgage loans? Nope I don’t think so. They are almost in existence. Today it’s easy to find places on line to apply on line. Even my business website even has an “Apply Now” button. But what is the difference between  applying on line and completing a full loan approval on line without ever talking to someone.

I remember as a kid my Grandfather complaining about all the stupid people who were purchasing stuff from the “Sears Catalogue”. He would say why don’t you just go down to the store. See what you’re actually going to buy. Check out and verify the Continue reading

Mortgages and Divorce

Mortgages and Divorce

I know everyone is different and we all have different likes and desires. Some like a home in the country while others like the city life. I always loved the outdoors, the wildlife and going deep in to the forest. I could live on a mountain side forever. My wife on the other hand would rather live in a high-rise condo in the city. Some place where she could just step outside and walk to the store across the street and browse all day long. With all that said it’s amazing we have been married 30 years.

For many people differences in life or life-styles cannot be compromised and therefore their relationships end. For what ever the reason(s) people split, everyone needs Continue reading