ARCHIVED BLOG POSTS
2009
Everyone today asks me if I am busy with refinances. The truth of the matter is pretty much, no (lol). The media is creating a frenzy much in the same way that they helped with the frenzy of homebuying 3-4-5 years ago. If you are considering refinancing, there are 3 very important aspects t...
03/29/2009
6
Comments
Every single person out there, no matter what they are buying, wants the lowest rate, the lowest fees and the lowest payment. When it comes to mortgages today, they would typically like a 30-year fixed interest rate. In order to properly compare different lenders, a customer needs to get thei...
03/29/2009
9
Comments
1 out of 752 applications when it was slated to help 400,000! Yes, the most sweeping housing rescue plan in world history signed into law by President Bush which was supposed to help 400,000 homeowners from being foreclosed on only helped 1 family (they should write a book - seriously (lol)). ...
03/28/2009
Well, just as the President and ALL of our beloved politicians go onto television and tell everyone that they are going to force banks to start lending and helping homeowners and our economy get back on track during this time of crisis, I guess someone forgot to mention all of this to the Secre...
03/26/2009
9
Comments
I just came home from one of my best friends house who is a police officer and we were talking about the four Oakland Police Officers who were fatally shot by a loser in every sense of the word. Those 4 officers were John Hege, Sgt. Daniel Sakai, Sgt Ervin Romans and Sgt Mark Dunakin. This po...
03/22/2009
12
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Back in 1985, I attended my first wrestling camp put on by St. Edward's High School, a very storied high school wrestling program in Cleveland. The name of the camp was "Back To The Basics". In 1991, I entered college at Oklahoma State University. My wrestling coach, John Smith, was the big...
03/20/2009
Are you thinking about refinancing? One of the most important things that it takes to get a new mortgage loan is getting your home appraised. Now before you say that your neighborhood has not experienced a decline in value and you just put $20,000 into upgrades of your home, you must first un...
03/20/2009
13
Comments
This is something that I am asked constantly -- is a Pre-Approval any good? Let's first start with me stating this -- you, as a buyer, want to make sure that you are as solid as possible without going through the whole process only to be declined later. As a realtor, you want to make sure tha...
03/20/2009
I have received many calls on the upcoming Fannie Mae enhancement to its underwriting system beginning April 4th. The details are still not out yet; however, in reading about these upcoming changes, Self-Employed Homeowners need to pay attention to this because it would appear that this refina...
03/18/2009
I get asked this question all the time by people. Where is the bottom at? The worst part is talking to buyers who are sitting on the fence and trying to time it perfectly. There is a great study out there by Credit Suisse which calculated the "bottom" using the ratio between the Median Sale...
03/17/2009
Rainmaker
208,185
208,185
Khash Saghafi NMLS
Mortgage Loan Officer, Cleveland OH NMLS 1114762