tag:searchlightcrusade.net,2024:/mt//feed/rate/cost 2024-04-20T11:21:49Z Movable Type 4.21-en 63 1 63 tag:www.danmelson.com,2009://4.4898 2009-12-09T15:15:00Z 2009-12-09T15:22:27Z Dan Melson http://www.searchlightcrusade.net/ Today we have the final installment in the series on the new Good Faith Estimate formThe 2010 Good Faith Estimate (Page Three). Your government that should be protecting you from the worst sort of mortgage provider lies is now actively... tag:www.danmelson.com,2009://4.4896 2009-12-08T15:00:00Z 2009-12-08T14:49:51Z Dan Melson http://www.searchlightcrusade.net/ The second installment in the series The 2010 Good Faith Estimate (Page Two) is now up. Read it and weep - for consumers nationwide who were hoping the government would provide the solution to their troubles. Didn't happen. Instead, it's... tag:www.danmelson.com,2009://4.4894 2009-12-07T17:00:00Z 2009-12-07T17:23:38Z Dan Melson http://www.searchlightcrusade.net/ It's been a while, but the most recent Transaction From Hell (seller's tenants didn't want to move out - or even let inspectors in) is finally over and I've had a little bit of chance to recover. Today's new consumer... 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://4.4674 2009-04-27T14:00:00Z 2009-04-27T13:47:20Z Dan Melson http://www.searchlightcrusade.net/ The new consumer article for today is 105% Refinancing With No PMI (Maybe). It goes over the straight scoop on Fannie and Freddie's new programs aimed at loss mitigation by helping people who would be able to refinance if values... tag:www.danmelson.com,2009://4.4663 2009-04-20T14:00:00Z 2009-04-20T13:56:25Z Dan Melson http://www.searchlightcrusade.net/ The new consumer article for today is Shopping For The Best Loan In The New Lending Environment. There have been changes in the lending environment in the last few months, changes that are practically designed to make loan officers with... 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://4.4604 2009-03-11T14:00:00Z 2009-03-11T13:58:22Z Dan Melson http://www.searchlightcrusade.net/ The new consumer article for today is The Difference Between a Reliable and Unreliable Prequalification or Preapproval Letter. Whether you're a buyer or a seller, having the right lender letter is a good thing. If you're a seller, you know... 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,2009://4.4521 2009-01-28T15:10:00Z 2009-01-28T15:04:46Z Dan Melson http://www.searchlightcrusade.net/ The new consumer article for today is Jumbo Loans and The Current Market (January 2009). There is always a tradeoff between rate and cost on mortgage loans, but lenders vary exactly what that tradeoff is in order to suit their... tag:www.danmelson.com,2009://4.4509 2009-01-22T15:00:00Z 2009-01-22T14:56:52Z Dan Melson http://www.searchlightcrusade.net/ The new consumer article for today is Fifteen Year Loans: Are They A Good Idea?. Lots of nonsense gets put out there about fifteen year loans, and to many people there is a certain cachet to only needing fifteen years... tag:www.danmelson.com,2008://4.4399 2008-11-13T15:00:00Z 2008-11-13T14:50:30Z Dan Melson http://www.searchlightcrusade.net/ The new consumer article for the day is New Good Faith Estimate and HUD 1 Form Approved. The government has come up with new regulations on the Good Faith Estimate (Mortgage Loan Disclosure Statement in California) and HUD 1 Form.... tag:www.danmelson.com,2008://4.4354 2008-10-13T14:00:00Z 2008-10-13T13:46:29Z Dan Melson http://www.searchlightcrusade.net/ Today's new consumer article is APR vs APY: What The Difference Between Note Rate and APR Tells You. I advise people to ignore APR as a means of shopping a loan. But there is some information in the difference between... tag:www.danmelson.com,2008://4.4314 2008-09-23T14:00:00Z 2008-09-23T13:42:04Z Dan Melson http://www.searchlightcrusade.net/ Today's new consumer article is The Return of Portfolio Lending, on the subject of what a portfolio loan is and the differences between portfolio and security based lending, and what the return of portfolio lending means, even to those who... tag:www.danmelson.com,2008://4.4239 2008-08-26T14:00:00Z 2008-08-26T13:45:51Z Dan Melson http://www.searchlightcrusade.net/ Today's new consumer article is What If You Cannot Refinance Later?, which addresses a very real concern that there are many reasons why people may not be able to refinance their property at a later date, so even though the... tag:www.danmelson.com,2008://4.4202 2008-08-06T14:00:00Z 2008-08-06T13:54:23Z Dan Melson http://www.searchlightcrusade.net/ Today's new consumer article is How Do I Know If I've Been Lowballed on a Mortgage Quote?, which talks about how to nail down lenders on their quotes so that they actually deliver what you expect at loan sign up.... tag:www.danmelson.com,2008://4.4113 2008-06-17T14:00:00Z 2008-06-17T21:57:19Z Dan Melson http://www.searchlightcrusade.net/ With a few lenders starting to loosen their requirements slightly in San Diego, it's becoming increasingly obvious that the bottom is behind us. However, the issue has now become, "I don't have much of a down payment. How do... 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:gockel.hmdnsgroup.com,2007:/~searchli/danmelsonsite//4.3215 2008-06-04T14:00:00Z 2008-06-04T13:46:30Z Dan Melson http://www.searchlightcrusade.net/ Yet that is exactly what you want them to do. To avoid competing on price, they have all kinds of distractions they offer to make life more convenient, but not cheaper. They offer automatic payment options, the convenience of having...