Edgewood, WA Real Estate Blog

Musings, Resources, and Other Ramblings about real estate and home sales from the Real Estate Broker in Edgewood, Washington

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Entries Tagged as 'Mortgages'

Is the President’s plan a Bailout or not?

September 5th, 2007 by Lee Mason, The Masters Realty Group LLC ;
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I posted the following comment to a post at The Tacoma News Tribune Open House blog.
I see a number of problems with the presidents plan.
There were some 6 million (your numbers show 7.5 million- the variance could be the fuzzy distinction/inclusion of alt-a w/subprime loans) people with no money and poor credit who purchased homes [...]

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Tags: Buyers · Lending · Mortgages · Subprime

Nail it down before signing closing docs.

August 2nd, 2007 by Lee Mason, The Masters Realty Group LLC ;
6 Comments

Rhonda Porter wrote another excellent post on her blog The Mortgage Porter regarding what a buyer should do before closing. Although written from a buyer’s perspective (as Rhonda is a mortgage broker), it’s also sage advice for sellers.
My biggest problem as an agent is getting a transaction to close on time, as scheduled. To [...]

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Tags: Buyers · Mortgages · Real Estate

What do banks competing and an old Schlitz ad campaign have in common?

July 30th, 2007 by Lee Mason, The Masters Realty Group LLC ;
1 Comment

“When banks compete,…” is right off the same page. All mortgage brokers do the same thing – they shop around and compare rates from different wholesale lenders. Remember, in the end money for mortgages comes from the same wholesale sources.

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Tags: Buyers · Lending · Mortgages · RE Marketing · Real Estate