David Saks' Blog

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Industry Observer - TN LIC# 290452
David Saks is a musician, retired real estate broker, and long-time ActiveRain member. David's blog features important information relevant to the safety, integrity and security of the industry. In addition to his widely read real estate fraud blog, a comprehensive overview of real estate continuing education is a weekly addition for his subscribers and the ActiveRain community at-large. Thank you for subscribing to and for visiting David's ActiveRain home on the internet. Please join. Membership in ActiveRain will enrich your life !



                                          When an agent has trouble dealing over the loss of a client or customer, he or she doesn't know whether to scream or play with their toys. What follows is analogous to some comments I've received. What follows are three ways I believe an agent may deal wi...
                                                          The kitchen is the most used place in the home. So the way it's set up has a huge impact on the floorplan of the house. The most critical aspect of the kitchen is what we call a work triangle, which is created by the refrigerator, the oven...
                                 What in the world are you going to do when you get turned down for your loan? Well, there might be several options available to you. Just because the lender denied your loan it doesn't necessarily mean that your chances of obtaining a loan have been flushed down t...
                                      We all know the drill. There are just too many shysters and hucksters out there who get their jollies off on preying on anybody and every body, whatever their reasons may be, and usually it's because the poor borrower doesn't have enough good credit or enough...
                                             Mortgage brokers do exactly what their title says, they broker loans for lenders to the borrowers. Mortgage brokers traditionally work what we refer to as the the wholesale lender, and they work as many of these wholesale lenders as possible in the pro...
                                A mortgage banker is, and may actually be, a separate company completely unaffiliated with any other company, thing or any entity which is perceived or known or inferred to have its own distinct existence (living or nonliving) for the purpose of originating loans. ...
                                                 What in the heck is the margin? The margin is a fixed percentage and a constant amount that is added to the index (see last post) to determine what an interest rate will be for the next period of an adjustable rate mortgage, or as an example, in on...
                                                          Lender's have had to have some kind of way to determine what the rates are going to be for adjustable rate mortgages. We could say that rates are determined by the costs of Milk Duds or Junior Mints at the candy counter at the theater. If ...
                                I wanted to provide you with a list of what I believe might be some of the important factors that cause lenders to set their interest rates the way that they do. I discussed these factors with clients, customers and colleagues in days gone by. Feel free to add anyt...
                                                     It's simple ! You just pay more discount points in order to get a lower interest rate. Most lenders seem to agree that there is no absolute as to what to consider the costs to be in the final analysis. The rule of thumb is that 1 point (1 %) is...

David Saks

Broker / Industry Analyst
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