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Recently, I had the pleasure of meeting with a person who is relatively new to being a real estate agent but not new to selling a house. Our conversation turned to the subject of her own home that she and her husband were about to put on the market. She wanted to know what mortgage options were available to potential buyers since her home will be listed for approximately $550,000. FHA, obviously, wouldn’t be an
For numerous reasons, when I’m in the middle of taking a mortgage application, and I ask the borrower for her/his social security number, I often get these responses: “Do you really need to pull my credit?” “Can we wait to pull my credit until . . . ?” “I’m not comfortable giving that to you.” They don’t flinch when I ask them how much money they make or what they have in the way of
Often, when someone has clawed and dug their way out of debt, they destroy their credit cards and cancel their accounts. Many do this because they blame the credit cards and look at them as plague-carrying rats. In other words, they fail to acknowledge that the credit card is an inanimate object which has absolutely no power to make them do anything – instead, they use them as the scapegoat and have learned little from
Recently, I came across a post on Facebook by an agent that was supposed to demonstrate why it’s so much smarter for a seller to use a realtor versus an iBuyer, which is relatively new. Being “in the business” I knew this to be a truth as incontrovertible as water is wet and fire burns, and I’m not the intended audience for this post, but I was curious to read through it to see how
Since the Fed’s announcement last week and the ongoing . . . uneasiness surrounding a trade war with China, the markets have been a little less than settled. And that’s been a very good thing for interest rates. In real estate and mortgage circles, I’m not hearing any complaining. What we do continue to hear, though, are borrowers thinking out loud about how much lower the rates can go and whether they should act now
