How To Get Home

Special thanks to Rhonda Porter for this mid-week humor.
Are you worried about your real estate agent? See how they compare to Ted Truitt, the “Dean of the Deal.”

Roll over the question answers for Ted’s take on each one.
All joking aside, it is critical that you have complete trust in your agent and what they stand […]

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There is some positive news coming out of Washington for a change. It seems as if the people in charge are starting to take the foreclosure situation serious. The exact details of the programs are being worked out, but here is the story on the effort to help those in trouble:
WASHINGTON (AP) — With foreclosures […]

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Seems like everyone is talking about someone they know who is close to foreclosure. The bad news does travel fast. It is important to remember that no one wins in foreclosure. The home owner, the lender, and the neighborhoods all suffer as a result of the foreclosure.
Everyone agrees that the number of foreclosures is rising […]

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Understanding your mortgage loan choice is very important. Picking the program that gives you the lowest payment without giving any thought to the program details is a risky move. If you are going with an ARM, you need to understand how that loan can change, how much it can change, and when it will start […]

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So the stage is set for a battle between home owners that are late on their mortgages and lenders who are ready to foreclose on them. As more and more Americans are facing the possibility of losing their home, Congress is considering what, if any action, it should take to help out the borrowing public.
Lenders […]

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Ever notice how the nightly news is pretty negative? I understand there are a lot of problems in the world and that the networks have a responsibility to report that news. I also understand that people slow down to look at car accidents. Truth is, bad news sells and bad news keeps people from changing […]

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In the late 80’s and early 90’s, lenders were working on programs to charge more for higher risk loans and less for lower risk loans. As a result of the evolution of credit scores and automated underwriting, more lenders began to adopt the concept of risk-based pricing and use it to increase loan production. In […]

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There is no shortage of discussion about the future of the housing and mortgage markets these days. Now that home owners, lenders, and Wall Street are focused on the risk in the system, there is a good chance that positive changes are coming. There will be a ton of lawsuits coming down the pipe and […]

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If I had to guess, I would say over half of the potential home buyers that call in for their initial consultation ask the same question- How much can I be approved for? A large percentage of these same buyers will go out and find a home at that maximum price or slightly higher.
Most mortgage […]

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A few weeks ago, I made a post on the subject of risk. A lot has changed in the last 3 weeks so I thought I would revisit the issue.
The headlines today were more of the same - Late Mortgages Jump to 3 1/2 Year High - New Foreclosures Hit All-Time High. Today’s release of […]

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