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Rob K. Blake - EzineArticles.com Expert Author
Rob K. Blake, author of the book "The Mortgage Advantage", has been teaching folks for the last 17 years all the tips and tactics to save $1,000's when shopping for a home and a mortgage.
[View Rob K. Blake's Extended Author Bio]
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Rob K. Blake Email Alerts
- Home Buyer Mortgage Mistakes - The Top Three
[Real-Estate:Buying] Nearly all home buyers make a series of simple to prevent mortgage mistakes that cost them $1,000's each time they purchase a house. We will discuss the most common home buying mortgage missteps in this article.
- Bankers Killing Off Their Mortgage Competition
[News-and-Society:Economics] Big banks are determined to kill of their mortgage competition by deceiving consumers into believing it was the brokers who cause the housing crisis. The bankers are using the media to pump story after story with one message: Don't trust mortgage brokers. And it's working!
- The Behind the Scenes of Mortgage Advertising
[Real-Estate:Mortgage-Refinance] Have you ever been enticed by a radio, TV, or newspaper mortgage advertisement? I am not surprised as they are filled with lies put there simply to get your attention. And they keep doing it because it's legal and it makes them a ton of money.
- What is Stated Documentation For a Mortgage?
[Real-Estate:Mortgage-Refinance] Stated documentation has received a bad rap lately because of the mortgage meltdown. In actuality, stated documentation is an extremely helpful tool for self employed people who need a mortgage.
- How Do You Beat a Bank?
[Finance:Debt-Consolidation] You do not play. Once they get their hooks into you it is pretty tough to break free. But they make it so easy right? Open this account here, get a Home Equity Line of Credit there and before you know it you are living a lifestyle off credit and not earned income.
- The 5 People You Should Never Talk to About a Mortgage
[Real-Estate:Mortgage-Refinance] When you are out shopping for a mortgage, where do you get your information? Who do you listen to? These are the 5 people you should never listen to when shopping for a mortgage.
- Your Home, Your Credit, and Your Divorce
[Relationships:Divorce] Divorce is one of the most horrible things a person can endure. There are a plethora of books and support groups out there that deal in the emotional aspects of divorce but what about the financial aspects...especially if you own a home.
- Is There Hope For Selling Your Home?
[Real-Estate:Selling] It is not good enough to simply stick a sign in the yard and call that "selling your home". You have to compete with new construction and all the existing homes for sale. And if that wasn't enough, housing prices are dropping almost everywhere. So, what is the plan?
- Current Fixed Rate - Who Can You Trust For Real Rate Information?
[Real-Estate:Mortgage-Refinance] You would be hard pressed to find a mortgage or financial website out there that does not have current fixed rates on it. But where are they getting their data and who can you trust?
- Refinance My Mortgage - I Want To Fix In My Adjustable Rate And Lower My Payment
[Real-Estate:Mortgage-Refinance] You cannot go from an adjustable rate to a fixed rate mortgage and lower your payment. The low introductory rate on your ARM was artificially low. The loan officer probably told you that by the time your mortgage adjusts, you can refinance or sell to get out of it. Unfortunately, that payment may be more than you could afford already. Now, you haven't made any plans to move so you are looking at a refinance and not liking what you see.
- Best Mortgage Rates - Virtually Impossible to Find Online
[Real-Estate:Mortgage-Refinance] Where do you actually find the best mortgage rates? It does not sound that hard to do. You cannot turn on the TV, read a newspaper, or surf the web without seeing these mortgage ads but finding the best rate is really a function of finding the best mortgage company. The rate quotes are only as good as the company quoting them to you.
- California Adjustable Rate Mortgage - Has the Love Affair Ended? If Not, It Certainly Should
[Real-Estate:Mortgage-Refinance] California mortgage consumers absolutely love adjustable rates mortgages like the pick a payment and option ARMs. Maybe it was not so much love but some sort of cult like following. You had to get one or you were a loser.
- Stop Foreclosure - Are Short Sales the Way to Go?
[Real-Estate:Foreclosures] If you are facing foreclosure, then you have seen the ads for short sales. Real estate agents all over the country are jumping on the short sale bandwagon. However, most are not experienced in short sales and their advice on complicated legal and tax issues can be dangerous for you.
- Mortgage Closing Costs - Can You Really Get a Mortgage Without Paying Them?
[Real-Estate:Mortgage-Refinance] There is no such thing as a no closing cost mortgage. It simply doesn't exist. There are always costs to originate a mortgage and no company or bank has the ability to waive costs.
- Current Mortgage Rates - What Effect Does The Federal Reserve Really Have?
[Real-Estate:Mortgage-Refinance] The current mortgage rate is not the same thing as the Fed rate. Other names for the Fed rate are short term rates, prime, Fed funds rate. This interest rate is the one tied to your car loans, credit cards, and home equity lines of credit.
- No Closing Cost Mortgage Advertising Is A Lie!
[Real-Estate:Mortgage-Refinance] No Closing Cost and Flat Fee mortgage advertising in a word is a rip-off. So much so that California regulators outlawed the use of the phase in all mortgage advertising in their state. All state mortgage regulators should immediately adopted the same restriction if they truly want to protect mortgage consumers. Until then, the rest of the country is fair game. That means you! Read this carefully and learning to protect yourself. Not do so can cost you $20,000, $50,000 or even $100,000 over your mortgage paying lifetime.
- Buying a Home with Zero Cash and Bad Credit - Fact or Fiction?
[Real-Estate:Buying] I know it sounds too good to be true, but you really can buy a home with no money and bad credit. With the relaxed lender cash and credit requirements, it's still possible. But don't wait. They won't be this forgiving for much longer. So, it's a fact - but for how much longer?
- 37 Mortgage Insiders Shopper Tips - The Run, Don't Walk Checklist
[Real-Estate:Mortgage-Refinance] Many folks believe getting a handful of Good Faith Estimates and picking the company with the lowest cost estimate is the right way to shop for a mortgage. After 15 years in the mortgage industry, I can unequivocally say - boy, is that wrong!
- How To Read A Wholesale Lender Rate Sheet and Beat Mortgage Banks & Brokers At Their Own Game
[Real-Estate:Mortgage-Refinance] Mortgage Banks and Brokers everyday are closing home buyers and refinancers at a higher rate than they deserve! This artificial upping of the rate and the revenue created by doing so are hidden from the customer. This hidden ripping-off of the mortgage consumer is called Yield Spread Premium overchaging if the loan is originated by a broker and Service Release Premium overcharging if the loan is originated by a mortgage bank - you know, Countrywide, Wells Fargo, or Bank of America.
- Using Investors To Stop Foreclosure - Viable Option or Horrible Mistake?
[Real-Estate:Foreclosures] Investors are everywhere when you are trying to avoid foreclosure. Foreclosure hunters, as they are called, are just waiting to pounce. Be very careful.
- How NOT to Pick a Real Estate Agent
[Real-Estate:Buying] I can't tell you how many times over my 15 years in the mortgage industry when I ask potential clients how they picked their agent, I hear, "Oh, my brother-in-law is an agent." Yikes!
- Did Your Real Estate Agent and Mortgage Company Dupe You Into Committing Loan Fraud?
[Real-Estate:Mortgage-Refinance] Common Real Estate Agent Use of Side Agreements When Handling Inspection and Repair Issues Creates A Fraudulent Loan! Don't let it happen to you.
- You CAN Buy Your New Home Before You Sell Your Old One
[Real-Estate:Selling] Home Owner Myth - I can't buy a "new" house without first selling my "old" one. This is a common myth. That is the way it is supposed work - right? You can't have a new house without getting rid of the "old" one. Not so.
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