Blog

Offense Doesn’t Need to be Offensive

Pulling credit. 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 […]

Credit: Crush or Be Crushed

Canceling Credit Cards, is this a good or a bad idea? 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 […]

Too Clever by Half is Dumb

Recently, I came across a post on Facebook. This was by an agent that purported to show why it’s so much smarter for a seller to use a realtor versus an iBuyer. This is new. Being “in the business” I knew this to be a truth as incontrovertible as water is wet and fire burns. […]

Rates Don’t Have to be a Gamble

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, […]

Underwriters Are Not Evil (Not All of Them)

On a recent loan, we needed one simple document from the borrower’s bank, nothing more.  We weren’t seeking lost pages of an Ernest Hemingway novel. I’ve read some of his stuff, and anything lost can stay that way, if you ask me.  The borrower went to one branch and they were told that what we […]