Ed & Barbara Heiser's (heiserteam) Blog

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Mortgage and Lending - LendSmart Mortgage - NMLS 209673 / 210042
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ARCHIVED BLOG POSTS

2011 

Credit is one of the most important components in the mortgage approval process. Lenders look at a borrower's credit score, number of open accounts, payment history, type of credit borrowed and a series of other factors when determining what level of risk to assess to each lending scenario. Down ...
03/30/2011
 U.S. lenders would have to offer mortgages with at least a 20 percent down payment if they want to repackage the loan to sell to other investors without keeping some of the risk on their books, according to a proposal U.S. bank regulators endorsed on Tuesday.  Small banks, consumer groups and so...
03/29/2011
Thank goodness there's a name for this disorder...  Somehow I feel better, even though I have it!! Recently, I was diagnosed with A.A.A.D.D.  Age Activated Attention Deficit Disorder. This is how it manifests: I decide to water my garden. As I turned on the hose in the driveway, I looked over at ...
03/23/2011
4 Comments
 You cannot change your thoughts without changing your life in the process - either for good or for bad.  Immerse yourself in the right thoughts and you will become the person you long to be, just as surely as the planting of an acorn yields an oak tree and not a pine tree.  Plant your acorn NOW!...
03/21/2011
0 Comments
  It took a major world disaster to lower mortgage rates from their upward march. Housing Starts fell in February and was the biggest percentage drop on a month to month basis since March 1984. The Labor Department reported that inflation  came in much hotter than expected. Inflation over time is...
03/16/2011
2 Comments
The biggest economic event next week will be Tuesday's FOMC meeting. Investors will be looking for an update on the Fed's plans for the quantitative easing program. The most significant economic data next week will be the monthly inflation reports. The Producer Price Index (PPI) focuses on the in...
03/13/2011
2 Comments
THE LONGER I LIVE, THE MORE I REALIZE THE IMPACT OF ATTITUDE ON LIFE. ATTITUDE, TO ME, IS MORE IMPORTANT THAN FACTS. IT IS MORE IMPORTANT THAT THE PAST, THAN EDUCATION, THAN MONEY, THAN CIRCUMSTANCES, THAN FAILURES, THAN SUCCESS, THAN WHAT OTHER PEOPLE THINK OR SAY OR DO. IT IS MORE IMPORTANT THA...
03/11/2011
LET'S BUY ONLY AMERICAN GAS!!!! WHERE TO BUY "AMERICAN" GASOLINE  Here are some large companies that Do Not import Middle Eastern oilSunoco.........................0 barrels Conoco........................0 barrels Sinclair........................0 barrels BP/Phillips..................0 barrels He...
03/10/2011
1 Comments
 We all are aware that "Ghost Inventories" are the bank owned properties that the banks currently DON'T have listed for sale. Thus a "Ghost Inventory".  BUT, I want to tell you of ANOTHER Ghost Inventory often not looked at. These are the HUGE number of people who are sitting UPSIDE DOWN in their...
03/09/2011
2 Comments
 I am asked two questions almost every day. 1) Have home prices bottomed out and 2) What makes mortgage interest rates move up and down?  Today lets tackle #1. Nearly everyone is looking for any evidence that prices on family homes have finally "Bottomed Out". Seems like a logical question. After...
03/07/2011
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