Introduce yourself - Let others know who you are!

andrewward001 · Joined: 28 Aug 2009 Posts: 51 10.82 Dollars($)

hi to all,

i am andrew.i am looking forward to start.

thanks

captcharwp007 · Joined: 29 Aug 2009 Posts: 30 0.00 Dollars($)

hi to all
my name is faisal and i have recently joined this forum...i have vast knowledge of mortgage and here this is best place where we can learn more and share our knowledge to others whom really need it...great forum for all the peoples...carry it on ..and accept me in this forum as a regular member...thanks for your support... :d

smithsussane · Posted: Sun Aug 30, 2009 9:06 pm Post subject:

Welcome to forums Andrew and captcharwp! Smile

Hope both of you have a nice time participating in the forum discussions and sharing your knowledge.

Garysnober · Joined: 17 Mar 2009 Posts: 455 15.40 Dollars($)

Hi Captcharwp! Welcome to the forums!

lovegreg77 · Joined: 03 Sep 2009 Posts: 34 0.00 Dollars($)

Hi everybody,

This is greg love from from CA

hope i will learn & enjoy here.

Thanks in advance

Garysnober · Joined: 17 Mar 2009 Posts: 455 15.40 Dollars($)

Hi Greg, I hope as well that you enjoy and learn from here on the forums.

gmakerley · Posted: Mon Sep 14, 2009 12:15 pm Post subject:

well it is number six thousand, so i thought i might be able to make it a tiny bit special. i signed on here back in the fall of 2007, hoping to make a mark by helping people. based on lots of the feedback i've received, i have achieved that goal. i plan to continue to do so as long as i am able.

a lot of things have happened in the last 2 years in this mortgage industry, most of which have been troubling and unfavorable to borrowers, lenders, owners, municipalities, and the list goes on.

a couple of years ago, we could sit down with a client and actually have some assurance that what we proposed to do for them would work. in 2009, we find that much of what we did in 2007 and 2008 isn't valid any longer. it didn't used to cost a borrower a premium to have a credit score below 700 - hey not too long ago, 700 was viewed as stellar. now it's just okay. back a couple of years ago, a person with a sub-600 score could still get an approval without it having to be the exception to the rule, though we'd want some good compensating factors to toss into the mix.

now, sub-620 is a rarity in the industry; and most of the "mainstream" lenders have no ability to help those with that kind of score. it's kind of funny that i get emails from one lender (known to be sub-prime) whose offerings are no better than mine for the riskier borrowers. it would serve no benefit for me to send those people to him, other than making money for me and him.

one of the worst things to come out of this last couple of years is the struggle we've all had simply for dollars and cents just to get by. sure, there are many who are still making a killing (see aig et al), but for many of us it's been a vastly different economic scene.

and here's more wonderful news (?): we have likely not seen the peak of foreclosed properties on the market. sometime within the next 12 months, we'll (perhaps) begin to see fewer new foreclosures coming on the market for sale. if they were out there now, we'd be in even worse shape overall. we are probably looking at 2012 or later before that all shakes out from the last couple of years' loan defaults.

for first time homebuyers, it's still a good time...prices are low, rates are low, and there are other benefits available as well (tax credit - we pray it continues; downpayment assistance programs in many states, and more).

one final note: for all of us in this community, it would be a very good move to contact our congressional leaders and encourage them to extend the first-time homebuyer tax credit that we currently have in place. if they see fit to increase the benefit or alter it in other ways that would be stimulating to our real estate markets, so much the better. but it's very important that we take a stand with our legislators and let them know that we feel this is an important issue that needs to be resolved before december 1 when the current program expires.

'nuf said for now, but you know me...

sunnyca2009 · Joined: 04 Aug 2009 Posts: 1737 36.13 Dollars($)

Congratulation on this achievement George

Well summrized current market situation

Niicss · Posted: Tue Sep 15, 2009 2:52 am Post subject:

Congratulations George on this remarkable achievement! Smile

6000 posts!!! That's really great. I hope you keep on posting in the forums which will help a lot of people in coming out of their financial crisis.

Samantha · Posted: Tue Sep 15, 2009 5:38 am Post subject:

Hi George,

It's great to see you reaching the '6000' mark!

Yes, there has been several changes in the market and it's not the end. We're yet to see more and more foreclosures and it'll take quite some time for our economy to recover. Anyway, it's just great to have you amongst us.

I hope you'd continue to share your views and insights Smile

God bless you

Samantha

gmakerley · Posted: Tue Sep 15, 2009 6:28 am Post subject:

thank you, Samantha, Niicss and Sunny for your kind comments. i don't plan on leaving anytime soon. Very Happy

jenkin7 · Posted: Tue Sep 15, 2009 10:36 pm Post subject:

Amazing, man!! 6000 posts and still counting...!! Remarkable!!

Keep going, George... Smile

As far as the tax credit is concerned, I believe you mentioned a good point. We should encourage our legislators to extend the benefit of the first time buyer tax credit beyond December 1, 2009. This has been a wonderful stimulus in boosting the demand in the real estate and mortgage market. Many buyers have hastened their decision to buy a home of their own, just to take advantage of the tax credit. An extension of the tax credit would definitely encourage thousands of potential buyers, who have not been able to avail it this year, to purchase new homes. Increase in the demand for new homes and mortgages will help revive the real estate and mortgage industries, or rather the entire depressed economy at large.

gmakerley · Posted: Wed Sep 16, 2009 6:37 am Post subject:

sometimes i wonder if i ought to get a life, though....LOL

suyog · Joined: 23 Sep 2009 Posts: 44 7.86 Dollars($)

Hi I am Warghadere. I joined just now. I heard that this forum increase our mortgage knowledge. So I become member of this community. And I know that we can ask our problem, question and get more opinion .
Thank you

chancedwards · Joined: 23 Sep 2009 Posts: 1 1.00 Dollars($)

Hey my names chance i saw this page and thought it was cool! I love learning and have a lot to learn!

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