tag:searchlightcrusade.net,2024:/mt//feed/rate locks 2024-05-03T22:51:22Z Movable Type 4.21-en 13 1 13 tag:www.danmelson.com,2009://4.4790 2009-07-07T14:00:00Z 2009-07-07T13:58:18Z Dan Melson http://www.searchlightcrusade.net/ The new consumer article for today is The Loan Shopping Koan, talking about the contradiction offered by dueling interests: The fact that while consumers want the best possible loan, against the opposing fact that it's very easy for loan providers... tag:www.danmelson.com,2009://4.4611 2009-03-17T14:00:00Z 2009-03-17T14:03:20Z Dan Melson http://www.searchlightcrusade.net/ The new consumer article for today is Loan Fall-Out And The Effects Upon Consumers. The days when loan officers are willing to lock loans with just a social and the identity of the property are ending, if not already over.... tag:www.danmelson.com,2009://4.4578 2009-02-25T15:00:00Z 2009-02-25T14:49:10Z Dan Melson http://www.searchlightcrusade.net/ The new consumer article for today is Why It May Be Costly to Reject Paying Points. The advice "never pay points" actually started out as misleading advertising intending to keep consumers away from what in fact were better loans, but... tag:www.danmelson.com,2009://4.4564 2009-02-18T15:00:00Z 2009-02-18T14:51:57Z Dan Melson http://www.searchlightcrusade.net/ The new consumer article for today is Games with Mortgage Loan Rate Locks (Games Lenders Play Part 10), talking about how you can be told your rate is locked when it isn't, what the benefits of playing this game are... tag:www.danmelson.com,2008://4.4096 2008-06-10T14:00:00Z 2008-06-10T13:43:17Z Dan Melson http://www.searchlightcrusade.net/ In the last couple of years a movement has arisen, led by certain well meaning academics, that says negotiating a loan broker's total revenue is sufficient to get consumers a better loan. As far as they go, they are... tag:www.danmelson.com,2008://4.4073 2008-06-03T14:00:00Z 2008-06-03T13:44:29Z Dan Melson http://www.searchlightcrusade.net/ First off, neither the California Mortgage Loan Disclosure Statement nor the Federal Good Faith Estimate are promises, commitments, or anything more than your loan provider wants them to be. Quite often, they're nothing more than a fictional story told... tag:gockel.hmdnsgroup.com,2006:/~searchli/danmelsonsite//4.3084 2008-01-12T15:00:00Z 2008-01-15T19:19:44Z Dan Melson http://www.searchlightcrusade.net/ Because most loan providers will not guarantee their Federal Good Faith Estimates or California MLDS forms, I've been telling folks that the best suggestion (other than doing their loans myself, of course!) that I can give them is apply for... tag:gockel.hmdnsgroup.com,2006:/~searchli/danmelsonsite//4.3013 2007-11-02T14:00:00Z 2007-11-02T13:40:28Z Dan Melson http://www.searchlightcrusade.net/ A reader named Terri at Educating the Wheelers sent me an email giving me a heads up on the antics of the state of Illinois. here is the link. Here is the original article at blackprof. The link to the... tag:gockel.hmdnsgroup.com,2007:/~searchli/danmelsonsite//4.3430 2007-07-24T17:00:25Z 2007-09-07T21:31:38Z Dan Melson http://www.searchlightcrusade.net/ I read with great interest you article on the internet about pre-payment penalties. I find my self in a situation involving a pre-payment penalty and would appreciate your advice on this. I currently have a loan in which the... tag:gockel.hmdnsgroup.com,2007:/~searchli/danmelsonsite//4.3384 2007-06-16T17:00:03Z 2007-09-07T18:54:57Z Dan Melson http://www.searchlightcrusade.net/ When you have more than one loan on your property, there are some issues you should be aware of. Keep in mind the fact that some states still use the mortgage system, requiring court action to foreclose, as opposed to... tag:gockel.hmdnsgroup.com,2007:/~searchli/danmelsonsite//4.3382 2007-06-15T17:00:46Z 2007-09-07T05:52:06Z Dan Melson http://www.searchlightcrusade.net/ One reason to check your referral logs every day: Sometimes you can find great material for an article. I got one about the three day right of rescission. This is a feature (or bug, depending upon your situation) with every... tag:gockel.hmdnsgroup.com,2007:/~searchli/danmelsonsite//4.3375 2007-06-11T17:00:29Z 2007-09-07T05:38:00Z Dan Melson http://www.searchlightcrusade.net/ One of the most true sayings in the mortgage business is, "If you can't lock it right now, it's not real." But many mortgage providers will play a game of wait and hope. They tell you they have a certain... tag:gockel.hmdnsgroup.com,2007:/~searchli/danmelsonsite//4.3295 2007-04-07T17:00:00Z 2007-09-05T23:27:40Z Dan Melson http://www.searchlightcrusade.net/ I've said upon more than one occasion that the factors at closing are all in the loan provider's favor. Unless they signed up for multiple loans, the typical consumer has no leverage to get the loan provider to play it...