Agent Page:
Rob Spring
My Posts/Listings:
Mortgage Market Update for the Week of 1/11/10
Market Snapshot: This week, investors and traders are saying that the economy won’t gain as much momentum as they had previously estimated. So for now, low short term finance rates are expected to continue! The Economic Agenda for this Week: Tuesday 8:30 - Nov Trade Deficit (-$34.5B frm -$32.9B in Oct) 1:00... [Read more]
Online Mortgage Calculator
//
What is a Truth-in-Lending Disclosure?
Truth in Lending – Frequently Asked Questions Q. What is a Truth-in-Lending Disclosure, and why do I receive it? A. The Disclosure is designed to give you information about the costs of your loan so that you may compare these costs with those of other loan programs or lenders. Prior to the Truth in Lending Act, no general definitions of loan terms was required by lenders, which meant that consumers... [Read more]
Understanding The Loan Process
An Overview of the Loan Process Make no mistake, there’s a lot involved in getting a mortgage loan. You wouldn’t be here on our website if you could fill out a one-page application and get the best loan for you funded the same day. Don’t worry, we do most of the heavy lifting for you, so you can concentrate on what’s important — preparing to move into your new home and... [Read more]
Reviewing Your Closing Costs – The GFE
Settlement costs There are so many different charges involved in buying a home, it is important to know what to expect at the settlement. Your lender is required to give you a Good Faith Estimate (GFE) of your settlement costs within three business days of your loan application. Once you get it, review the charges below to avoid any surprises when you sit down to close on your loan. There are three... [Read more]
Mortgage Shopping Secrets! (Part 2 of 2)
Mortgage Shopping Secrets! … PART 2 Once you are satisfied that you are working with a top-quality professional mortgage advisor, here are the rules and secrets you must know to “shop” effectively. First, IF IT SEEMS TO GOOD TO BE TRUE, IT PROBABLY IS. But you didn’t really need us to tell you that, did you? Mortgage money and interest rates all come from the same places, and if something... [Read more]
Why do you charge for credit reports up-front?
Simply put: I don’t want the qualified/closed borrower’s to have to pay for the credit reports of the unqualified or not closed borrowers. A Credit Report is required for a mortgage and has costs associated with it. Some lenders disclose the cost, other’s don’t – never the less it is a cost of doing business. I require potential borrowers to pay for their own report. ... [Read more]
Mortgage Shopping Secrets! (Part 1 of 2)
SHOPPING AROUND? Here are some secrets most lenders don’t want you to know! First: make sure you are working with an experienced, professional loan officer. The largest financial transaction of your life is far too important to place into the hands of someone who is not capable of advising you properly and troubleshooting the issues that may arise along the way. But how can you tell? Here... [Read more]
How To Reduce Your Mortgage
How to Reduce Your Mortgage One Additional Mortgage Payment a Year There’s a simple trick to significantly reduce the length of your mortgage and save you thousands of dollars. The trick is to make one extra mortgage payment a year and apply that payment toward your loan’s principal. This is the method being used by “Bi-Weekly Mortgage Reduction Services” and “Bi-Weekly... [Read more]
Creating a Living Trust
Living Trusts Created while you are alive, a revocable living trust lets you control the distribution of your estate. Ownership of your property and assets is transferred into the trust. You can serve as trustee or you can appoint another to serve as trustee. If you serve as trustee, you must appoint a successor to serve as trustee upon your death. Properly drafted and executed, a revocable living... [Read more]