Mortgage Blog

If you read my blogs once in a while, you will find that the rate
stuck within a trade range. So sometimes it becomes easier to make
the lock decision. For example, for 7/1 ARM HB or Jumbo, we will lock
 if the rate is 3.125% or lower; float if the rate is above 3.375%. For 5/1
ARM, if the rate is 2.75% or 2.875%, then it is good to lock; otherwise,
we can wait.

I have been in the business for more than 10 years now. And I made lots
of friends with my clients, I can talk with them about the investment
in stocks, real estate, and sometimes on running as well.

When I just started my business, my mortgage coach told me it is not
good when your clients are only your friends; but it is good when your
clients become your friend. That is indeed true.

I called one of my clients today. Though I failed their purchase loan,
because of the conditions of the house, they were still very happy talking
to me about how they got the loans, and which bank they got the loan from,
and they said that this bank asked large percentage of down payment, and
they will consider to do refinance again, etc.

Their info is very helpful. I have another buyer who plans to buy a house in
bad condition. So if we can not get the "wholesale" loan, at least we will
know where they can get the loans, even though the rate might be higher.

I can not believe it is middle of November, and it is only 3 weeks away from
my marathon race day. I think I am ready for the big day.

Last weekend, I participated a local 20 mile race with average pace of 7:45
minutes per mile, which is not bad. But still I need to hold my pace for first 
14-16 miles so that I would run strong for the last 10-12 miles.
And the most important thing is that I learnt a trick how to drink water while
running and reduce the speed only by a little bit.