Tuesday, September 26, 2006

 

Maryland Mortgage Rate

Another day, another report on the demise of the real estate market. I sometimes think that people say things just to hear themselves speak. Your expert says that the housing market has crashed; my expert says that it's still viable; another expert says that the worst is yet to come.

I'll make this easy on everybody. The housing market works like everything else - Supply and Demand. The builders got greedy due to the low rates and high prices that we encountered over the last 5 years. They built so many houses and offered so many incentives that no one wanted to buy houses being sold by regular folks like you & I. When the rates starting going up we couldn't afford to pay the prices that the builders were charging. When this happened there was a bulk of available houses. Once the available houses sell (and they will) we will start to see the housing market correct itself.

It is not the end of the world that many people say it is. Life in the Real Estate world is just returning to normal.

Maryland Mortgage Rate

Tom Barker is a Credit Advisor with over 10 years of experience in the credit industry. He was an Officer of MBNA America where he dealt with all aspects of the credit industry from collections to lending to working directly with the credit bureaus. Currently he serves as a loan officer and Credit Advisor in Baltimore, MD. He uses his credit experience to help consumers rebuild their credit score and improve their financial outlay. To receive a no cost credit evaluation please contact Tom through his website: http://www.lowmdrates.com/

Sunday, September 24, 2006

 

Maryland Mortgage Rate

I just finished watching the Ravens game and was reminded of why people should never give up. I was frustrated watching my beloved team play with no passion in the 1st half of the game but was impressed with the changes that the team made in the 2nd half. They never gave up even though it looked like the game was over when the Browns had 1st and goal on the five with two minutes left in the game. The Ravens didn't stop playing and they wound up winning the game.

What does this have to do with you? Regardless of your situation don't give up. If you don't have the credit to qualify for the loan that you want, don't give up. Contact a Mortgage Planner or Credit Advisor that can help you create an action plan that will get you where you want to be. If you are in debt and are having difficulty paying your bills, don't give up. A good Mortgage Planner can show you how you can quickly turn your debt into a wealth building plan and help you reach our personal Freedom Point faster then you thought possible.

Don't ever give up. You may need to make some second half adjustments but you are always in the game and always have a chance to win.

Tom Barker is a Credit Advisor with over 10 years of experience in the credit industry. He was an Officer of MBNA America where he dealt with all aspects of the credit industry from collections to lending to working directly with the credit bureaus. Currently he serves as a loan officer and Credit Advisor in Baltimore, MD. He uses his credit experience to help consumers rebuild their credit score and improve their financial outlay. To receive a no cost credit evaluation please contact Tom through his website: http://www.lowmdrates.com/

Saturday, September 23, 2006

 

Maryland Mortgage Rate

Want to sell your house? It’s not like it was a year ago when you couldn’t put a house on the market without receiving multiple offers within a couple of days. Now you see houses sitting on the market for 3 to 4 months or more before they sell. What can you do about it?

Here are a couple of suggestions:

Ø Price the house right & don’t be greedy. Rates aren’t as low as they were last year and people can’t afford to pay the same price as they could before.

Ø Meet with a competent Mortgage Planner to review creative mortgage options that may be attractive to potential buyers.

Ø Interview Real Estate Agents and find out what type of plan they have for selling your house. How effective are open houses these days? You need a creative Agent if want a quick sale.

Ø Help with closing costs. If you do help with closing costs make sure that your borrower is not getting taken by an unscrupulous mortgage broker. A competent Mortgage Planner will understand that their fees need to be reasonable.

If you want additional information on how to sell your home contact me through my website http://www.lowmdrates.com/. Simply send me an e-mail requesting a free copy of my “33 Ways to Sell Your Home Fast” booklet.

If you are interested in Maryland Mortgage Rate give me a call.

Tom Barker is a Credit Advisor with over 10 years of experience in the credit industry. He was an Officer of MBNA America where he dealt with all aspects of the credit industry from collections to lending to working directly with the credit bureaus. Currently he serves as a loan officer and Credit Advisor in Baltimore, MD. He uses his credit experience to help consumers rebuild their credit score and improve their financial outlay. To receive a no cost credit evaluation please contact Tom through his website: http://www.lowmdrates.com/

Friday, September 22, 2006

 

Maryland Mortgage Rate

What should you pay for a new mortgage or refinance? Many people ask this question on a daily basis. How much is too much? Do no closing cost loans really exist? What is the deal with 1% rates? The simple answer to all of these questions is that there is no simple answer. Mortgage costs vary depending upon the lender, type of loan, and your credit situation. I personally feel that a fee of 1% is fair for "A" borrowers and 2% is fair for "B" & "C" borrowers. I also feel that if you are doing a refinance that you should be able to recover any costs associated with the mortgage in the first 12 - 24 months of the loan. If it takes you any longer then that you probably have been charged too much. No closing costs loans do not exist. No matter what you see on T.V. or hear on the radio - they do not exist. You may not pay for the loan through closing costs but you will pay for it. Many lenders that offer these types of loans charge you higher rates to offset the costs. Depending on how long you have the mortgage it may very well cost you more money due to the higher rate. 1% loans are very powerful loan programs. In the hands of the right homeowner it can be used as a wealth building tool. In the hands of the wrong homeowner it can be dangerous. Speak to a competent mortgage advisor before you would agree to this type of loan. If you would like to see an example of how this loans work contact me through my website http://www.lowmdrates.com/

Tom Barker is a Credit Advisor with over 10 years of experience in the credit industry. He was an Officer of MBNA America where he dealt with all aspects of the credit industry from collections to lending to working directly with the credit bureaus. Currently he serves as a loan officer and Credit Advisor in Baltimore, MD. He uses his credit experience to help consumers rebuild their credit score and improve their financial outlay. To receive a no cost credit evaluation please contact Tom through his website: http://www.lowmdrates.com/

 

Maryland Mortgage Rate

Technorati Profile

 

Maryland Mortgage Rate

“We can delete negative information within 24 hours!”
How often have you read or heard a statement like this regarding credit repair? Whether you have been researching Credit Repair companies or just driving down the street, you have probably seen statements like this more often then not. It’s an enticing offer. Who doesn’t want the best credit score possible? Who hasn’t let a payment or two fall behind? If you’re anything like the majority of consumers you have some delinquencies on your credit file. It would be great if these so called credit repair companies actually had some secret plan that would remove inaccurate delinquencies from your credit file.
The truth is that they don’t.
The Fair Credit Reporting Act (FCRA) states that accurate credit information can not be removed from a credit file for a minimum of 7 years. The bottom line is that it’s the law. Credit Repair is a lot like trying to get out of a speeding ticket. You know you were speeding but you’re still going to try to talk the cop out of giving you a ticket. If you get enough tickets and try enough times you may get off on one. Most of the time you won’t. This is how these companies work. They send dispute letters to the credit reporting agencies on your behalf stating that the information being reported on your file is inaccurate. They may use several reasons why the information is incorrect. It could be that you were not late, it’s being reported incorrectly, the information is misleading, etc. They send these letters by certified mail and start counting the days. Per the FCRA a creditor has 30 days to verify an item. If they do not verify within the 30 day time frame that information must be removed. What the Credit Repair companies don’t tell you is that most companies do verify the information within 30 days and even if they don’t, with a compelling reason they can verify after the 30 day time frame and the information will stay on your credit file. Every now and then you may get something to come off and stay off. It happens, but not often.
The amazing thing is that most of these companies charge you $100’s if not over a $1,000 to get started and then charge you a monthly maintenance fee to mail letters for you. If you want to take this approach to rebuilding your credit, save your money and mail the letters yourself. It’s not that hard do. It’s like playing the lottery, you might get lucky but you probably won’t.
The good news is that there are ways to radically improve your credit score without resorting to asking credit repair companies to commit fraud on your behalf. If you are interested in improving and maximizing your scores please speak to a credit expert. A competent Credit Advisor will review your credit file with you and create a battle plan that will improve your credit score to the level that you desire. Good luck!
Tom Barker is a Credit Advisor with over 10 years of experience in the credit industry. He was an Officer of MBNA America where he dealt with all aspects of the credit industry from collections to lending to working directly with the credit bureaus. Currently he serves as a loan officer and Credit Advisor in Baltimore, MD. He uses his credit experience to help consumers rebuild their credit score and improve their financial outlay. To receive a no cost credit evaluation please contact Tom through his website: http://www.lowmdrates.com/

Tuesday, September 19, 2006

 

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