Ted Knows Loans

The Credit Nazi: "Bad Credit!  NO LOAN FOR YOU!" Remember the character on the Seinfeld Show "The Soup Nazi".  If you didn't walk the line, you were not going to get any of his "out of this world" soup. I sometimes think that people see the Mortgage Professional the same way.  Don't say a word, w...

90 Day FHA Anti-Flipping Rule: Can you finance FHA before the 90 days? You're going to love the information on this post.  I  do not mean to kick the dead horse while it is being buried but my previous post on the 90 Day FHA Anti-Flipping rule generated 4300+ hits, so of course I stopped kicking ...

First Time Homebuyer Tax Credit .. Is it working?  I know that a while ago, I read and commented on a post in AR with many REALTORS and Loan Officers saying they were not so sure whether or not the tax credit has worked nor is it needed.  I am a bit skeptical about these type of comments.  Let's ...

Applying for a Home Loan:  The Loan Officer in a Down Economy Since you're reading this blog, there's a good chance you're hoping to soon buy a new home. Seems a terrifying prospect in the times we are facing and yet there is someone out there to assist you in finding what you need. It's up to yo...

How to Find a Reputable Mortgage Lender If you are thinking about buying a home, you will want to work with a trustworthy lending institution that will give you the best possible deal. If you apply for bids on the Internet, you will be deluged by offers from all kinds of lenders, some reputable a...

Looking for the Perfect Realtor If you are lookin to buying a home, looking at the market today, consumers have the option of choosing from quite a few different realty agents, but not all Realtors are the same.  From large national corporations to small down home real-estate offices, how do you ...

The Real Estate Network Getting pre-approved involves a bit more than divulging your name, address and social security number.  When it comes to the business of residential real estate transactions, it takes a network of professionals working together to get from the ‘drive by' stage - as in "we ...

Every now and then, the economy produces a time when it is a good idea to refinance yourmortgage or purchase a home.  For many, that time is now. Low interest rates are bringing first time homebuyers out by the score and that's driving the resale market.  Those of you on variable rates or coming ...

RAISE YOUR CREDIT SCORE 100 POINTS IN FORTY-FIVE DAYS WHAT MAKES UP A CREDIT SCORE? Payment History 35% Balances Carried 30% Credit History 15% Mix Of Accounts 10% Inquiries 10% PAYMENT HISTORY - 35% Bills Paid As Agreed Most Recent 6 Months Highest Weight On Highest Pay History Mortgage Biggest ...

There has been much discussion about the new TILA rules and little understanding.  I have written a step by step guide to understanding the new rules and how it can potentially affect your next transaction.  Hopefully this post can help you to also build the rapport with all the parties involved ...