Positive Real Estate Professionals

Yesterday I was talking to a home owner that was toying with refinancing his property and had some questions that he needed answers. It surprised me that he wanted to know the difference between Rate and Term Refinance versus Cash Out Refinance. The reason that this surprised me so much is that most people do not know this terminology unless they are in the business or currently in the process of doing a loan. In the case of this borrower, his was the latter. Read More

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One of the most important things that people have to keep in mind today is that we need to keep moving forward in today’s housing market. This is the only way that we are going to truly come out of this housing crisis. For the people that announce that there is no crisis in this country, they are wrong. However, with that said, not every area or market in the United States is effected the same way. Therefore, they might not have a crisis in their area or housing market. These pockets are great in respect to leading the rest of the country to get out of the current funk. Read More

With all the changes to guidelines in the lending industry that have taken place in the past couple of years it is important for both you and your Realtor to know what type of loan and how much of a loan you have been qualified for. Even if you don’t feel comfortable going to the top of your qualifies loan amount, it is important to know your ceiling. In the following article from Debbie Malone, this excellent Realtor gives her very solid advice drawn from her years of experience as one of the best Realtors in Virginia. I hope you find the article both informative and useful. Read More

When you work with a professional they listen to your needs and hopes; they talk to you in a way that you can understand even if it is something you know little about. In short the same qualities that many of us look for in friends are the very same qualities we look for in professionals. Do you have that level of comfort and understanding with the professionals in your life? In the following article, Danny Thornton explores the importance of a good working relationship with your real estate industry professionals. Read More

When I came across this article by Fred Chamberlin I was stunned to say the least. This article illuminates a path for home ownership for lots of Americans. This means that what Fred discusses is important and different from traditional FHA, VA, and USDA programs because it can be used by investors. That’s right, investors! Do I have your attention now? Then read on… Read More

The following post by Danny Thornton explains some of the changes that have occurred in the mortgage industry. These changes are actually positive for both borrowers and lenders. Many people think that the tightening of lending guidelines serves only to hinder qualified buyers from obtaining a home loan. As you will see in this article nothing could be farther from the truth. These tightened guidelines mean that when a potential home buyer actually purchases a home, they are able to afford it and unless something catastrophic occurs, they will have the ability to remain in it for years. Read More

I came across this article yesterday and thought it made some excellent points regarding how the Libor Index which directly affects Adjustable Rate Mortgages (ARMs) has been behaving. There is a lot of concern now for most people whose loans are scheduled to reset or adjust. The obvious concern is that when an ARM reaches its adjustment period it will automatically skyrocket making the home no longer affordable for the homeowner. In the following article there is some great information about why this may not necessarily be the case any longer. Read More

With a resounding ring, the new year was ushered in by billions of people all over the world. For some, they were glad to get 2008 behind them. For others, they were glad to get 2009 started. For me, I fall in the second group. I am excited in what I see happening in the housing market here in American. Do I think that it is going to create a wealth of income for fly-by-night professionals as it did in the 90’s? No, not even close, but it will create a steady stream of income to the professionals that get into it for the right reasons. Read More

For those that are not familiar with the FHA Secure, please read Rich’s post below. In my opinion, this was a program that was brought in too late. I truly believe that if the program had been instituted when problems first started to surface, then maybe we could have gotten more people help. Read More