Smart money advice not to follow.
Smartmoney.com just posted an article, “4 Traditional Money Rules to Break Now,” and the one regarding mortgages, I have to say, I find rather dubious. In this section they quote someone named Chip Cummings, president of Northwind Financial which they describe as a training and consulting company for mortgage firms. First off, I don’t know … Read more
I miss the old ‘BLI in the morning’ gang :/
That’s it! I can’t take it anymore – today I officially quit BLI’s morning show as a listener. It’s been about a month since the new “BLI in the Morning with Dana and Jeffrey” has been on the air and, although I haven’t been listening the whole time, I’ve caught enough of it to say I … Read more
Long Island’s new climate.
As I write this we’re coming to the end of a couple days of bitter cold temperatures on Long Island. It might not be so cold by the time this post gets out, but it’s January, and there’s still a lot of winter left. A timely post did come out the morning I started writing … Read more
Protected: A Realtor and a Buyer
There is no excerpt because this is a protected post.
When will housing prices rebound?
The answer to that question is pretty simple. And it’s simple because the real estate market is a market, like any market, in that it follows the principle of supply and demand. Now, this isn’t an article on supply and demand, so I’ll just excerpt from Wikipedia: Supply and demand is an economic model of … Read more
We’re damned if we do and damned if we don’t.
It seems consumers just can’t win for losing. On the looming prospect of a 70% loan to value ratio (or LTV) as the criteria for a “qualified residential mortgage,” (QRM) and the FHA’s 60% LTV and 700 FICO criteria for loan level price adjustments set to go into effect April 1, home buyers financing their … Read more
Keep your finances routine.
If you plan on purchasing a new home this spring/summer, then right now is the time to start planning. Even if you’re financially in great shape – great credit scores, little to no debt, bring home more than enough to cover a new mortgage – anything out of the ordinary in your financial statements can … Read more
What ZipRealty needs to do on Long Island…
ZipRealty, based in Emeryville, California, announced it will switch to a traditional broker-agent contractor model during it’s latest earnings report (currently their sales agents are hired as employees). Even though they have decided to do this company wide only now, they already made this change to their New York operation sometime at the beginning of … Read more
