Mortgage Blog

Mortgage & Real Estate Market Updates

April 8th, 2014 1:32 PM by Eric Fang

Stll busy for the purchase and refinance. Borrower
switched for the rental 15 yr fixed. And ARM refi
stil not bad.

A few borrowers are still purchasing the rentals
since they are not comfortable with the stock market.
And a few others also think the RE deals not that
good any more, and they are not sure whether they
want to do the cash-out refi or not. That's normal
when we do not know the market direction.

My WA licensed passed. Technically, I can do WA loans.
But it might be hard to get business from washington
state. I will get some from existing clents who
just moved there, or from the online leads. The next
two states will be PA and TX.

I thought about the marathon training most time of
the year. And yesterday, I thought about this as
an onsite interview, you prepared for a long time,
and you will not know how you do until that race day(
or interview day). And what you can do before that is
to tune up your body/knowledge for the best onsite
performance. Right?

One borrower who short saled his property got the loan closed today. This would be the first of many. And i am sure that there will be more similar buyers soon.

Posted in:General
Posted by Eric Fang on April 8th, 2014 1:32 PM



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