Mortgage Basics Seminar

July 11th, 2011

9am to 12noon
Brian’s main goal in the mortgage business is “transparency”, which seems to be sorely lacking in the mortgage industry. In his seminars he aims to bring mortgage basics to his audience, but also teaching them how to see behind the curtain into what is really going on with each mortgage transaction, that mortgage lenders never tell you.
See the Realtorfest Schedule – pdf

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Are online-only banks the future of mortgage lending?

March 19th, 2011

“Ask any Realtor in the country and they’ll tell you that they never want to work with an online lender,” says Brian Martucci, a mortgage lender with GetLoans.com in Washington, D.C. “If something goes wrong with the loan it can be much harder to fix with an online lender than with someone the Realtor knows personally.”

Martucci says it’s important for borrowers to have a single point of contact, such as a relationship with a direct lender, in order to communicate more easily and to fix problems.

Read Full Article – Are online-only banks the future of mortgage lending – pdf
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How to save money, build equity faster.

January 20th, 2011

The Washington Times – Michele Lerner

“In the rush to refinance in 2010, some homeowners were left behind, unable to arrange for a new home loan because of a lack of equity or a too-low credit score or some other glitch in the world of tightened credit standards.”
“While many homeowners refinance to reduce the size of their monthly mortgage payments, others have the goal of paying off their mortgage earlier to become debt-free before retirement and to save money on interest. Homeowners who want to hasten their mortgage-burning celebration may want to consider other options besides refinancing.”
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Seller financing rare but can be useful.

October 21st, 2010

The Washington Times – Michele Lerner
October 21, 2010
“The buyers who are attracted to seller financing like it because usually their closing costs are lower and the hassle factor of dealing with a lender will be less,” Mr. Martucci says. “A seller will often just pull a simple credit report and ask for one or two pay stubs, while mortgage brokers and lenders require a lot more paperwork.”
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Home-equity spigot opens slightly.

May 7th, 2010

The Washington Times – Michele Lerner
May 7, 2010
“Even though the housing market seems to be improving, lenders are wary of approving home -equity loans in an environment in which home prices are not necessarily stable,” Mr. Martucci says. “If the banks lend someone up to 95 percent of their home value and prices drop again, that could quickly become 100 percent loan-to-value or more.”
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Clearing home-value hurdle to a refi.

January 22nd, 2010

The Washington Times – Michele Lerner

“If you are already paying PMI, this may not matter, but some homeowners have lost value in their homes and will not be expecting to pay the insurance,” Mr. Martucci says. “It may still make sense to refinance even if you have to add $100 or so per month to your mortgage payment for PMI. It just depends on your current mortgage program.”
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EXPERT ADVICE – Phone Interview with Brian Martucci of GetLoans.com®

August 20th, 2009

DROdio Real Estate – Daniel R. Odio

…a loan broker typically works with a number of different banks that they sign up with and get approved with versus a loan officer who works for one bank or one mortgage company and represents that institution’s money and loan programs.
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Feeling the chill; Buyers expecting the same old lending terms get a frosty reception

September 16th, 2007

Los Angeles Times – Frank Nelson

He predicts it could be another year until the full extent of the foreclosure crisis is known and even longer before the lending market regains its momentum. “There’s a lot of unwinding to come. We’re all heading for the same pain.”
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