Mortgages

Investing In Real Estate The Answer Is No, This Isn’t a Bubble, It’s Real The Answer Is No, This Isn’t a Bubble, It’s Real. It is different than the past crash. The past crash was based on manipulation promoted by the Government. The Answer Is No, This Isn’t a Bubble, It’s Real and it’s affecting too many. Don’t take my word for it, take out economist and take the […]
Larry K Cragun It’s A Brutal Fight Out There – For Buyers   It’s A Brutal Fight Out There For  Buyers.  This market and probably for a long long time in Utah and Washington and many other States it really is a fight. I am in it a lot and I win in it a lot. But I lose too. If you are buying with a low […]
Mortgages The Wrong Loan Officer Can Get You Into Trouble Why do I title this article, The Wrong Loan Officer Can Get You Into Trouble? The shady ones don’t always look like this. I write this because of a phone call I received from a very worried woman who knew that I used to own a large mortgage company. She had committed loan fraud and that […]
Mortgages Mortgage Bait & Switch Or Not? RE: Internet mortgage company using mortgage bait and switch, or not. As a real estate agent I DO NOT LIKE when a borrower is using an internet mortgage company to process their loan. These big companies have no long term relationship with me and therefore have no reason to make my buyers their highest priority.  […]
Mortgages Interest Rates Have Risen Some, What Does That Mean? Interest Rates Have Risen Some, What Does That Mean? Of course when an in, terest rises the monthly payment on a loan or mortgage also rises. What is the actual impact? In my case, maybe yours too, my spouse would grumble as she closely watches the monthly payment commitment amount that we make. Aaron Morgan, […]
Mortgages Seniors – Is Your Current House The Right House? Seniors – Is Your Current House The Right House? For some this may open up an exciting new dream. The ideal person is over 62, home free and clear, healthy, and willing to dream about the yes, “dream home”. In Salt Lake City it is pretty impossible to find a decent home for $300,000.00. There […]
Mortgages Please Follow This Advice On Using A Lender Please Follow This Advice On Using A Lender.Use a lender that works closely with your (or on a refi with) real estate agent. I worked with a loan officer that took pride in charging too much, even on her sister. I have seen loans messed up by fresh loan officers that were neighbors or friends. […]
Mortgages A Time And Place For A Reverse Mortgage I am posting this article because there is a place for reverse mortgages that can be a situation saver. Time Place Reverse Mortgage There was a period of time that reverse mortgages were sold in a way that they harmed people. This resulted in a lot of negative press and word of mouth. They aren’t the […]
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Mortgages Should Your Salt Lake City Home Be Free And Clear? Should Your Salt Lake City Home Be Free And Clear? Whether you live in Salt Lake City, or anywhere in the  USA the answer I offer is the same. It’s a lesson a mentor of mine taught when I was on staff for a real estate developer and later a retired investor. He, Bill Schoroup, […]
Mortgages Another Loan Option: Cross Collateral Another Loan Option: Cross Collateral. Having a home to sell, where you need to sell it to buy that new home has a couple of good options. For those over 62 a reverse mortgage may do the trick. I have written other articles on them, click here. A second option is a cross collateral loan. […]
Mortgages Loan Qualifying Know How High You Can Go Loan Qualifying: My first loan officer job was working for a major bank. I was thoroughly trained, on salary thank goodness, and then placed inside a large real estate office. Of course mortgage banks have standards for loan approvals. Generally you are working on income to house payment ratios and income to total debt payment […]
Mortgages Get The Credit Karma App Credit Karma App, It’s free and it’s handy. Get It Credit Karma App. Perhaps the most important feature is to quickly note what it says. Are there any changes? Did your score go up or down? What caused the change. If you work through all parts of this app you will be given enough hints […]
Mortgages Why FHA Condo Financing Is Important Why FHA Condo Financing Is Important & FHA Financing Is absolutely important piece of a condo project. FHA Condo Financing. First a little bit about FHA financing in general. Some of these may not apply to all buyers but one or more reason is likely to affect most. The reason that affects most people is […]
Larry K Cragun Real Bad Advice Radio Advertisement Real Bad Mortgage Advice Radio Advertisement Today I listened to a radio ad that I want to address. It truly is Real Bad Advice On A Radio Advertisement. The ad invites you to use the radio ad mortgage lender, buying the ad instead of using one referred by the real estate agent. It touts strengths of […]