Comments on: What You Won’t Learn By Watching TV

By: david dealaday

david dealaday — Sat, 13 Feb 2010 06:29:51 +0000

Great article with lots of good info. Have to keep my eyes opened.of the possible that will happen in tv

By: New Homes Match

New Homes Match — Thu, 01 Oct 2009 16:31:52 +0000

also, never hurts to have a broker friend. like you said, it all depends on who it is. everyone is capable of giving you a good rate, it's just up to them if they actually will.

By: httpstudyofloanblogs

httpstudyofloanblogs — Fri, 25 Sep 2009 10:59:38 +0000

http://studyofloan.blogspot.com/

By: gdallaire

gdallaire — Thu, 24 Sep 2009 22:05:07 +0000

Justin,It's a breath of fresh air to read a tell it like it is approach to finding a good deal on the mortgage. It was also impressive to see you talk about how reform should actually take place. It's easy for people to criticize but alot more difficult to come up with some common sense solutions. The people that can fix these problems are not the politicians it's the leaders of the real estate and mortgage industry. The people actually doing this on a day to day basis.I look forward to more of your insightful post about mortgages.

By: Augusta Real Estate

Augusta Real Estate — Sun, 20 Sep 2009 16:48:08 +0000

I recommend all my buyers use local bank loan officers. I have found them to be much more responsive to me and my buyer's requests. Just a word of wisdom, if you get a client who is determined to use a finance company advertised in the back of their professional journal…be afraid, be very afraid. Although I strongly counseled my client against using this finance company, she proceeded. Needless to say, the financing rate the company promised never materialized. Luckily, we found a local bank who pulled the rabbit out of the hat and closed the deal in seven days.

By: robertworthington

robertworthington — Sat, 19 Sep 2009 12:46:09 +0000

Justin, thanks for the post. I needed to be remind about how less hands in pot can offer sometimes better rates. Also the in house underwriting is a great way for a lower rate when negotiating. Thanks for the tips Justin.

By: robertworthington

robertworthington — Sat, 19 Sep 2009 07:46:09 +0000

By: justinmchood

justinmchood — Fri, 18 Sep 2009 23:33:19 +0000

Tyler,You had me at "Honestly, the whole industry is a scam…"I agree.The mortgage business is built from bottom to top on concealing information — NOT transparency. Concealed information is (in my opinion) rarely a good thing and in the mortgage business what it allows is people to push their own agenda/greed without others supposedly knowing.If there ever was a business that needed reform from the top down, it is the mortgage business.In my opinion.But whoever is doing the reforming will most likely start at the bottom (the originator) and stop there — but it needs a total overhaul. There are way, way, way too many "hands in the pot" between the organizations who have the money to lend and the person who wants to borrow.Just my opinion.Thanks for taking the time to comment!Justin

By: justinmchood

justinmchood — Fri, 18 Sep 2009 23:29:37 +0000

Joe,Sweet. Thanks for giving good feedback, it is always nice to hear. My goal is to just call it like I see it — realizing that I don't see everything and sometimes I get it wrong.But if people who are "in the know" agree with me, it isn't always a bad sign…Justin

By: justinmchood

justinmchood — Fri, 18 Sep 2009 23:28:19 +0000

Cherylsbooks,I agree with you when you say "the key is your loan officer"… I think that matters more than ever in today's crazy mortgage-world.Thanks for taking the time to share.Justin