David Rider's Blog

As a Mortgage Broker and Real Estate Instructor I often play the role of a buyer and ask the agents in class "Why should I buy a home?"  It's always amazing to me the answers I receive. Things like "It's a good Investment" or "because you can deduct the interest or my favorite because the house w...

Let's look at Seller Funded DPA for a moment.  The main reason folks in charge gave for not liking this program was that it "Increase" the purchase price, ultimately driving up home prices. However, any assistance ultimately drives up prices. If a seller pays closing costs, it drives up the price...

  The Fed’s just announce that they will purchase up to 600 Billion of Mortgage Back Securities from the Big Three (Fannie, Freddie and Ginnie) This has already had the effect of lowering interest rates TODAY.  While I am not a huge fan of refinancing, most of the time people send the savings ins...

  In our current economy, it seems like we have one foot on the gas and one on the brake. One the one hand we are hearing from the government that lenders are not lending enough of the bailout money to consumers. When you look at this and tie it into the “Mark to Market” accounting practice then ...

Everyone struggles with taking action. I know I have the challenge and you might too. I am taking steps by placing on my computer the phrase "Is this the most productive thing I should be doing." Is this dollar productive? Is it making me money.  When action is needed but not taken I remind mysel...