Out of control

Out of control

What are you talking about? Who are they? Where did they get my information? How can they do that? This is all out of control!

We still hear this all too often how many people’s information miraculously appears in the hands of collection companies without their knowledge.

The worst offender is the Continue reading

Being a Responsive Consumer

Being a Responsive Consumer

Our office is structured so that all calls or emails get returned by the end of the business day. The office is set up with coverage from 8:30am until 7pm and we also have staff on call after hours and on the weekends. We know how important it is for the consumer as well as the Realtors to have access to us. We understand the importance of the time frames in your purchase and sales agreements. We only wish you did too.

In order for you as a buyer and your Realtor to be competitive in the market it’s important to Continue reading

Born to Rent

Born to rent

For many years, I have worked really hard to try in get as many people in to a home as possible. Many obstacles need to be overcome. The right home needs to be found or built, the right school area, the proximity to jobs, the right number of bedrooms, the right home owners insurance policy, down payment and grant moneys were needed, debt to income ratios needed to be met, credit reports needed fixing and money needed to be saved.
Getting into a home is hard work for all involved, it’s something one has to earn as it’s not given away freely. The concept of grant money, down payment assistance and first time home buyer programs are so broadly misunderstood.

These programs often require the potential borrower to take a credit class, in some cases costing $200 or more, and then only to find Continue reading

Taking Responsibility

Taking Responsibility

I have always loved animals wild or domestic. I watched for years how animals behave. For all my life, we always had a dog in our home. I spent many days in the woods, mountains, and swamps hiking, fishing or hunting. I realized that the more time I spend in the woods, the more likely I was going to see the different wild life. The more disciplined and behaved I was the more I had the chance to see different animals behave.

Being outdoors is my best escape for the business I spend most of my time doing. But there have been times I have wondered,  ‘If I was to give a mortgage loan to an animal, which one would be the most responsible?’

Would it be a squirrel? Continue reading

Enough Already

Enough Already

I try very hard to keep up with things and still do my job as a mortgage brokerage owner. I help people secure a loan for their dream home or at least a starter home. I run a busy little office with a staff and origination team of 12. So, every morning I find myself ready to make sure I am doing my best to keep up with compliance and other industry news. Earlier today I was reading an article and it starts as follows;

The Office of Information and Regulatory Affairs finally put to rest questions around the requirements of independent agencies under President Donald Trump’s recent presidential memorandum and executive order. The uncertainty surrounded the impact of the EO on the future of regulations across all industries.

I thought to myself I wonder how many Americans have heard of the OIRA? So, my research drifted off of who they are, but rather would I or anyone as a matter of fact be able to keep up with all the hogwash in Washington DC today. I researched and tried to figure out how many government agencies really existed. Continue reading

Taking a swing at Dodd-Frankstein

Taking a Swing at Dodd-Frankenstein

Last week an “Executive Order” was signed to review the 2010 Dodd–Frank Wall Street Reform and Consumer Protection Act. This law was part of series of laws spun out in 2009, when the White House sent a series of proposed bills to Congress.

The original bill drafted and sent out to the House in July 2009. In December, 2009, revised versions were Continue reading

Another Ugly Truth

Another The Ugly Truth

Understanding your total cost of medical and health insurance. What, this is a mortgage blog? Yes this is a blog about mortgages, both good and bad and in some cases just downright ugly.

This is Another The Ugly Truth which is tough to deal with, but one that comes up over and over.

In this case I want to talk about the real ugly truth of our Continue reading

Young vs Old

It may be harder for the younger generation to see things in the way that our senior citizens do so easily. We often – and sometimes with good reason – brush off our seniors with the thought of them being out-dated and not up with the times.

I find the younger generation is too fast to think they know Continue reading

Staying Focused

Staying Focused

It has been said many times, that if a person will do or complete the same action every day – for 21 straight days – they will turn it into a habit. Bad or good we see it all the time. From strong and disciplined people to those that are lacking any kind of discipline. It is people’s spending habits that kill most loan transactions. After bad spending routines student loans are the next big killer of purchasing power for borrowers.

Understand that in order to get a mortgage loan today you must give us your last two months’ bank statements, all pages of all accounts if using that money for your purchase. It’s here that we see your spending habits and we shake our heads in total wonderment, when you tell us you don’t have the funds for the closing cost.

Don’t run away yet as you may find this humorous. So let’s take a moment and do a little math. Continue reading