Whether you choose to open your mortgage with Province Mortgage Associates, or with another institution, there are several important details you should know before beginning the mortgage process. Because so many mortgage difficulties begin with last minute surprises about your mortgage, I have a
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01/17/2008
By any measure, 2007 was a tumultuous year in the mortgage industry. Since December 2006, over 210 mortgage lenders have ended their operations, and many more mortgage brokers have closed-up shop. With so many changes having occurred from January 2007 to January 2008, I thought it would be appr
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01/07/2008
This weekend is, if a massive pricing adjustment I just received from one of our lenders spreads across the whole market.I just received an email indicating that borrowers with credit scores below 680, along with borrowers with debt-to-income ratios higher than 50%, will be charged as much as an
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11/30/2007
I get an email every morning from a wholesale lender I've never met or closed a loan with, telling me about his take on the market. Specifically, today's email stated that treasury notes had slipped on investors renewed interest in a potentially rising stock market.That's all very well and good,
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11/23/2007
Going into my favorite holiday of the year, I want to take a moment to reflect upon 2007. It's been a good year so far, in spite of the turmoil that has rocked the foundations of the business, and I believe that much of that has to do with just a few factors. Here are some of those things that
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11/20/2007
"Mawage, that bwessed awangement, that dweam wifin a dweam," said the Impressive Clergyman in The Princess Bride . Clearly, he was operating in a world where substantially less than 50% of mawages ended in divorce, however, that is the reality that we face today, and it does not appear to be som
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11/13/2007
The Wall Street Journal this morning reported (subscription may be requiered) on what I found to be an interesting development in real estate marketing. It listed 3 properties outside Minneapolis, one of which included an incentive I have seen before: if bought without sales contingency, the bro
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11/08/2007
When it comes to qualifying for a mortgage, or for any other type of credit, for that matter, the first thing that lenders will look at is your credit score. Doesn't it make sense to present the highest credit score you possibly can? In this brief guide, I will give you a rundown on just a few
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10/19/2007
I've been noticing an interesting change in markets lately. Historically, the spread, or difference, between 30-year mortage rates and 10-year treasury notes has been approximately 1.5%, however, recently that spread has increased to approximately 1.85%, an increase of about 3/8%. This chart cl
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10/01/2007
What's better than a client who listens to your advice? A client who recognizes your expertise and accepts your recommendations? Isn't it easier to deliver the experience you plan to when your advice is followed? Building the kind of relationships with clients that will allow you to efficientl
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09/24/2007
