From the category archives:

Saved Another Loan!

Competitive Advantage: 21 Day Escrow Will Appeal to Sellers of Foreclosures

Can a 21 day escrow on your purchase offer give you a competitive advantage over other offers?
You Betcha! Sellers want to sell as soon as possible. You want a competitive advantage. This is the best of both worlds.
Typical escrow period listed on a purchase offer is 30 days from accepted contract. Most lenders will need [...]

2 comments Read the rest of this Article -->

“I Qualify for a Home Loan? REALLY?” – Home Buying Success Story

by Karrie Lemansky February 20, 2010 Credit & Qualifying

I had to…I just had to do it….I have to share on subject of qualifying for a home oan. So here we go!!!
I think that one of the biggest misconceptions that a lot of my clients have in the beginning of the home buying process is that they didn’t think that they can ‘qualify’. For [...]

1 comment Read the rest of this Article -->

Ray Homebuyer Changes His Name to Ray Homeowner

by Christopher "Doc" Apodaca February 9, 2010 Buyers Beware!

A Few Kind Words from “Ray Homeowner” – Thanks a million and Congratulations on your new Home Ray!

UPDATE: This is a follow up to the original post “Ray Homebuyer Had to Change His Last Name“. I am excited to share this story of how the Little Guy stuck it to Big Bank.
Imagine your child finding [...]

0 comments Read the rest of this Article -->

Brenda Borrower Gets Buffed By Big Bank

by Christopher "Doc" Apodaca February 5, 2010 Buyers Beware!

Let me preface this post with there is absolutely no talk about loan programs, interest rates, or market trends. This is a flat out rant about something that is all too common in my daily work life and I’m getting sick and tired of it…Big Bank Business. Here’s what happened…
Brenda Borrower called me asking what [...]

3 comments Read the rest of this Article -->

Second Opinion Success Story!

by Scott Schang December 22, 2009 Saved Another Loan!

I love to share success stories!
Here is a great success story from a home buyer that called me a few weekends ago looking for a “second opinion”.
Thanks a million for sharing this Liam!
After running into questions regarding a CalSTRS loan with another lender, I gave Scott a call after watching one of his recorded webinars. [...]

2 comments Read the rest of this Article -->

Buyers Beware: Homebuyer Survey Says – “Market conditions” making lender’s service worse….really?

by Scott Schang November 23, 2009 Buyers Beware!

A Buyer’s Satisfaction Survey by J.D. Power & Associates shows that loan originator satisfaction is down. Much of the frustration comes from longer turn times, which is a completely other subject, tightening underwriting guidelines and unmet expectations.
You see, this doesn’t surprise me at all. I still see it every day, and I’ll be honest with [...]

2 comments Read the rest of this Article -->

Why it’s important to be prepared BEFORE you hire a Lender

by Scott Schang November 5, 2009 Loan Programs

We put a lot of energy into trying to educate and empower home buyers in an effort to help folks be able to avoid being misled, misinformed or simply being treated as some lender or real estate agent’s big “Pay Day”.
Today, all that work paid off. I received this email from Sean O’ Rourke.
He was [...]

0 comments Read the rest of this Article -->

Loan Rescue – 911

by Scott Schang November 3, 2009 Red Flags

I really struggle with these kinds of things….on one hand, I am angry and passionate because the so-called professional should have known better. I want to yell from the roof tops. I want to saddle up and do my best impression of Paul Revere.
On the other hand, I think that sometimes there is no intentional [...]

0 comments Read the rest of this Article -->

CalSTRS Bait and Switch Save

by Peter Maldonado October 21, 2009 Loan Programs

Amy was misled.
She had been promised a CalSTRS loan and now her lender was trying to switch her to an inferior and more expensive loan.
She did some homework, and found this site.
She had some tough questions.
She gave me a call, and was able to get the answers she needed.
I started the process and found out that she [...]