Dmitry P's (dimperfunding) Blog

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Services for Real Estate Pros
RECENT BLOG POSTS
It is new, it is exiting, it is REAL... Reverse Mortgages are now available for purchase in ONE single transaction. People no longer have to buy first and refinance later. Doing Reverse Mortgage purchase in a single transaction will save money. Let's look at an example: Mr. Jones wants to downsiz...
04/24/2009
When Fed cuts the rates my office is swamped with borrowers who are calling to see if they can get a better rate.  Many of them are surprised that Mortgage Rates went up instead of down.  Luckily, I always lock rates as soon as I can. To me as a mortgage professional, predicting the direction of...
06/06/2008
We can all follow these tips for saving on expenses. I hope you find them immediately useful. You may want to share them with your friends and family.   Buy in bulk whenever practical and possible.  Never buy extended warranties or service contracts. Buy a used car that's almost new for a fractio...
06/05/2008
                               I've been in the business for a while and I have never seen the product so wonderful. After visiting all the models I was truly impressed with the quality of the construction, amount of the upgrades, beautiful landscape( featuring unique sprinkle system), and the ov...
06/04/2008
The concept of credit started back in 1956 with two men named Bill Fair and Earl Isaac. Fair, a mathematician, and Isaac, an engineer, founded the Fair Isaac Company; otherwise, known to us today, as the FICO score. This credit system has standardized the way the financial industry extends "credi...
06/02/2008
     Credit Card Guidelines   Limit yourself to 1 or 2 credit cards. A Visa or MasterCard covers most purchases. Shop around for low-fee or no-fee bankcards.  Record your charges in a memo book so you don't lose track of your spending. Put a limit on your spending-don't let the credit card compan...
05/30/2008
      I want to help you compare borrower-paid mortgage insurance (BPMI) and lender paid mortgage insurance (LPMI) because soon you may be faced with choosing between them.   Borrower-Paid Mortgage Insurance Lender-Paid Mortgage Insurance Buyer purchases insurance and pays the premiums along with...
05/29/2008
 Here's a matching exercise to help you learn some mortgage terms:                  1.     ___ Appraisal 2.     ___ Up-front charges 3.     ___ Closing 4.     ___ Closing costs   5.   ___ Deed   6.   ___ Earnest money   7.   ___ Mortgage note   8.   ___ PITI      9.      ___ Points      10.    _...
05/28/2008
From my experience, most people refinance their current mortgage to save money or to get out of adjustable-rate mortgages into a fixed rate. Refinancing is like making an investment. You need to balance the cost of refinancing with the amount of interest you save over time. The savings are really...
05/22/2008
Perhaps the best way to describe it would be with a short story. About 6-7 months ago a young couple came to my office with a lot of questions, concerns, and a clear sense of urgency. The owner of the house that they were renting advised them that he was going into Foreclosure and that they have ...
05/22/2008
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