to all of you mortgage brokers and consultants out there...
it may just be me, but this has to be one of the hardest jobs to be away from for an extended period of time on a vacation/holiday. i've got files, emails, and voicemails coming out of my ears right now. i know some of the rest of you are in the business. same for you guys?
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"they say beauty's in the eye of the beholder. that's why i look in the mirror every mornin and realize how fly i am..."
It definitely sux coming off a vacation/holiday to a mountain of email/work. Fortunately for me, I monitored my email from home over the last 10 days and had a pretty managable inbox when I got in today.
I'm not sure why the mortgate business would be so hot right now though. Isn't this the slowest time of year for home buying? Maybe people are jumping in (refi) before rates get too high???
Re: to all of you mortgage brokers and consultants out there
Quote:
Originally Posted by UTROD03
it may just be me, but this has to be one of the hardest jobs to be away from for an extended period of time on a vacation/holiday. i've got files, emails, and voicemails coming out of my ears right now. i know some of the rest of you are in the business. same for you guys?
Worked in the Heloc realm until about 18 months ago when prime started to climb. It is crazy. Everyone needs everything yesterday and thinks you should work 24-7 like they are your only client. Then when you don't, its hard to get referral business from them.
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i work with 2nds. eventhough prime is rising, people still want fixed rate loans. refis cost too much. either way, i don't see a slow down at all. actually, the figures that are quoted on the financial news are sales of existing homes, not new ones or 2nds.
i feel y'all on the demanding thing too. that's definitely true.
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"they say beauty's in the eye of the beholder. that's why i look in the mirror every mornin and realize how fly i am..."
Speaking of 2nd Mortgages...I currently have a second mortgage at a high APR, how would I refinace that at a lower rate? I'm new to the whole home owners thing...
Speaking of 2nd Mortgages...I currently have a second mortgage at a high APR, how would I refinace that at a lower rate? I'm new to the whole home owners thing...
Edit: Its for $35k
Shop around for a Good Faith Estimate. It has all of your closing costs, payment, term, etc. documented. For that small amount, I would check with your credit union, bank and then 1st mtg servicer. Play them against each other if possible. Once you decide who to use they will pretty much walk you through closing. It's about the same process as obtaining an auto loan.
another , are mortgage rates goin to stop rising anytime soon??
Good question. Are you talking about 1st mortgages, fixed 2nds or Helocs? The short answer is yes, no and it depends. Very rarely can a general mortgage question be answered simply for all situations. With Greenspan resigning it will be interesting to see what happens.
another , are mortgage rates goin to stop rising anytime soon??
Good question. Are you talking about 1st mortgages, fixed 2nds or Helocs? The short answer is yes, no and it depends. Very rarely can a general mortgage question be answered simply for all situations. With Greenspan resigning it will be interesting to see what happens.
1st mortgages....I was shopping around for a house for the past couple of months and mortgages jumped up over a point. I was thinking about being less picky and just buy a house before the rates go up anymore...
Speaking of 2nd Mortgages...I currently have a second mortgage at a high APR, how would I refinace that at a lower rate? I'm new to the whole home owners thing...
Edit: Its for $35k
Shop around for a Good Faith Estimate. It has all of your closing costs, payment, term, etc. documented. For that small amount, I would check with your credit union, bank and then 1st mtg servicer. Play them against each other if possible. Once you decide who to use they will pretty much walk you through closing. It's about the same process as obtaining an auto loan.
So I would still need to do a closing again even though it's only a second mortgage? I just would like to get my second mortgage APR alot lower...
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to all of you mortgage brokers and consultants out there...
, are mortgage rates goin to stop rising anytime soon??
