Refinance Process Affects Mortgage Broker Too
What responsibility does a mortgage broker have to notify his clients when they can get a better interest rate on their mortgage loans? Pulling files from lenders may leave the mortgage broker with a poor broker file delivery rating. Some mortgage brokers believe that mortgage loan borrowers also bear some responsibility in finding the best home loan -- that they should not rely entirely on the mortgage broker.
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Posted on:
Jan 19, 2009
Mortgage Brokers Discuss Ilyce's Consumer Advice
Home loan borrowers sometimes break a mortgage loan lock, which means that he or she locked in an interest rate and then walked away from the loan prior to closing. Mortgage brokers dislike it when borrowers break a mortgage loan lock because it may put the mortgage broker in bad favor with lenders. Breaking a mortgage loan lock is a legal practice and an option for consumers.
Posted on:
Jan 19, 2009
Streamline Loan Modification Update
I have spent quite a bit of time this week calling big mortgage lenders to chat about their streamline loan modification program.
Here's what I learned:
If you have a Fannie Mae or Freddie Mac loan, AND you are 90 days + late on your mortgage, you can call your lender and request a streamline loan…
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Jan 18, 2009
Georgia Dental Practice Act
Bob is a dentist and he called into the show to say that each state has a Dental Practice Act that determines what is the standard of care for dental patients. Here's some information from the Georgia Dental Association's Website (http://gadental.org).
GDA Role in Dental Law Enforcement
The Georgia…
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Dec 24, 2008
Freddie Mac Fast Tracks Mortgage Help
As more bad news continues to come out of Wall Street, Freddie Mac offers some help with a new plan to aid families facing foreclosure. Under the Streamlined Modification Program, seriously delinquent borrowers can try to restructure their mortgage and stay in their homes. The program, a partnership…
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Dec 18, 2008
Holiday Car Donation
Brightly decorated trees, freshly baked cookies, eggnog, giving and receiving. When it comes to the holiday season, vehicle donations are a way to help others less fortunate and get in some end of the year tax deductions. However, you should take some things into consideration to make sure that your…
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Dec 17, 2008
End of The Year Car Deals
With the economy in crisis and the car industry in the media spotlight, one Chicago metropolitan area Dodge dealership is going to unusual lengths to stimulate car sales.
The Bettenhausen Dodge dealership in Tinley Park, Illinois, is offering two cars for the price of one as long as supplies last…
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Dec 5, 2008
ThinkGlink Radio Show for Nov 28, 2008
Today on the Clark Howard Show, Ilyce Glink filled in. It was Black Friday (or "bleak Friday," as the Wall Street Journal termed it), and she did her annual Deals of the Day show. She discussed what some people were looking for and put up deals at her blog. She also talked about the three car manufacturers in Detroit and how the president of Ford so far hasn't taken a paycut, despite earning more than $21 million last year. She also talked about consumer spending and how it plunged in October. Check writing scams are on the rise, according to the FBI, and Ilyce ran down how these scams typically work and what to watch out for. She answered calls about bad-apple scooter dealers, credit card interest rates, credit scores, whether it's worth an extra $40,000 to go to a brand-name school over a state school, balance transfers, inheritances, annuities, buying a house with zero down, and whether a credit card purchase would tank a credit score. To find out more, tune into the show. For show notes and updates through the week, check out her blog at www.thinkglink.com/blog , and sign up for her free weekly newsletter on the ThinkGlink.com home page. Check out the videos at www.expertrealestatetips.net. Subscribe to her YouTube channel: www.youtube.com/expertrealestatetips and friend her to be notified about new videos.
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Nov 28, 2008
When Is A Company Too Big To Fail?
I started the show talking about the hearings on Detroit. I was blindsided this week by the stupidity of the three car company heads from Detroit, who couldn't even pool their resources to use ONE plane to fly to the congressional hearings. Nope, they needed to each fly their own planes.
It's…
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Posted on:
Nov 23, 2008
Home Buyer Wants Seller To Pay For Waterproofing
A home seller disclosed a basement water problem before closing on her home. The buyer now wants the seller to pay for waterproofing the basement even though the problem was disclosed. Most states have a seller disclosure law for residential real estate transactions that require a seller to disclose to a buyer defects or major problems with a home.
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Posted on:
Oct 17, 2008
