1. A mortgage company is in the business of making loans not being a property manager. All that they like to do is make money by selling mortgage notes to other institutions and making quick cash or by holding onto the note and collecting the interest. 2. If a borrower misses 4 payments in a [...]
1. First off mortgage brokers are not bad people. They are just trying to earn a living and have found a way to make a lot of money with very little personal risk. Mortgage brokers get a bad rap sometimes because of a few people that have misled clients. This happens in all industries but [...]
1. The money that banks and construction companies borrowed was the cheapest it had every been during the 2002-2005 years. This turned into a lot of cheap money floating around. If there is anything that we have learned is that “Cheap Ain’t Good, and Good Ain’t Cheap.” 2. With all of this cheap money going [...]
