December 2nd, 2013 11:41 AM by Eric Fang
Hope you guys have a good Thanksgiving Holiday.
I did enjoy the party with my friends, thoughI had to check emails for a purchase loan duringparties. Thanks for my processor who had to sacraficed the holiday to work on the submission of the loan. It is a little bit tough for theschedules during the holiday season.
Some people are still buying. The purchase loansaccount more than 70% of my business now. This isindeed a good sign for my business model and alsoI can see from the consumer confidence in the economy and the RE market.
Among the 7 purchase loans I am working now, twopurchased from the builder as primary. One as 2ndhome. Two purchased from the resale as primary as well. Other twos as investment rental.
And one more transcation not decided yet since thebank increase the final sale price even after the initialshort sale approval. That means the lender forsee the up trend of the RE market.