My New Blog

I haven’t made a blog entry in some time, as I really don’t like to make meaningless daily or weekly entries. I prefer to limit my blogs to useful information or, what I believe to be important insights.

We all know the precarious situation our real estate and financial markets are in. The volatility in the bond market, upon which mortgage rates are predicated, has created real opportunities for consumers considering purchasing or refinancing real estate. Over the last several weeks mortgage rates have acted much like my daughter’s super ball, alternately skyrocketing and then plunging toward earth. These swings are literally happening within hours and sometimes even minutes.

Since a mortgage application doesn’t obligate a consumer to complete a transaction, I don’t understand the reluctance by many to sign and return their paperwork promptly. Without a signed application lenders and mortgage companies have no authorization to act on behalf of a client. The result is lost opportunities.

Unfortunately, during the boom years there was an influx of people in to the mortgage business that were “quick buck” artists who didn’t have their client’s best interests at heart. If nothing else, the recent “bust” has swept most of these “fly-by-nights” from our ranks.

Finding and developing a relationship with a mortgage professional is just as important as finding an accountant, attorney or even a doctor. A mortgage professional is involved in their industry, aware of new developments and programs and can alert you to favorable opportunities. Having an initial application on file with instructions as to your objectives will enable you to act quickly in this, or any market.

Click Here For The Top 7 Questions To Ask When Hiring A Mortgage Professional