Queue: where a line of people wait. The line of people itself is the queue. We queue up everywhere, and don't think much about it, until the queue makes us wait longer than we would like to. Read the rest of this entry »
GetLoans.com Blog
Now You Need MORE Cash Reserves!
December 8th, 2010
Break open the piggy bank, because Freddie Mac now want to see a mortgage borrower have even more cash reserves that ever before. Cash reserves is Read the rest of this entry »
When Is A Mortgage Approval An Approval?
December 5th, 2010
When is an approval letter really an approval letter? Why is an approval letter not an approval letter, but it's really a conditional approval letter? Is this a semantics discussion only? Either way, this matters more than you know. Read the rest of this entry »
"IRS Form 4506", Sounds Harmless Enough…
December 1st, 2010
The IRS 4506 is an IRS form used to request a copy of your tax returns from the IRS. Mortgage lenders now require a borrower to sign a 4506 to get a loan. It is an anti-fraud measure and data gathering step. And it can cause problems… Read the rest of this entry »
Surprise!
November 14th, 2010
Ever get a surprise you did not want? Chances are you have if you have gotten a mortgage in the last 3 years. Read the rest of this entry »
It's Government's Fault!
October 27th, 2010
Wake up America, it's government's fault! Anyone that follows this blog knows I like to bash banks, especially big banks. But to be fair, its time I pull the curtain aside from the real villain in the mortgage industry, the United States government! Read the rest of this entry »
Arbitrary Banking Does Not Make For Great Customer Service!
October 3rd, 2010
I hope you are not getting tired of blog posts about foolish decisions by banks and underwriters, that topic seems to be taking over the content here on my blog because, well, that is what is taking over the mortgage industry! Read the rest of this entry »
Tricking Underwriters…
September 29th, 2010
I had to trick an underwriter the other day, and I am not losing sleep over it. It is a great story, and one worth retelling so that others may use this trick. Read the rest of this entry »
Drowning In Rules! Save Yourself…Go On Without Me!
September 24th, 2010
I may make light of the Feds and the banking industry and their arcane rules a bit too much, but now they really deserve it. Now they have gone too far. I have witnessed bureaucratic insanity on such an unreal scale, I am not sure you will believe me. Read the rest of this entry »
Deferred Student Loans Now Count!
August 29th, 2010
It used to be that student loans that were deferred 3 years or more did not count against you in your debt ratios. Not anymore… Read the rest of this entry »