| Recent Blog Posts by Patrick Galesloot | ||
No Rush For 40 Year MortgagesWith a resurgence in sales I asked the question "Why?".
Is this a result of the changes in 40 year mortgages and zero down purchases looming and people quickly using these while these options remain available?
Talking to a few mortgage associates the answer is "No". Scott at Regional Mortgage states that "It has been about the same for the 0 downs, but the use of the 40 year amortization ...
Posted by Patrick Galesloot
on August 11, 2008
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Credit Cards, the free gift effectWe walk by those "Enroll now and get a free gift" credit card tables all the time. Have you given any thought to... If I have all those department store cards, how does that affect me? Does this "potential" debt capacity matter? What if I never use them? I just signed up to get the free Hockey Jersey or other "Free Gift".The question back to you or I is, are you using them? Are you carrying ...
Posted by Patrick Galesloot
on April 21, 2008
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Your Credit Score and YouWhen working with buyers the question will come up have you spoken with your bank about whether or not you are qualified for the price level you are shopping in? This can be a conversation that happens at one of our first meetings and really it should. The challenge can be the buyer may be reluctant to part with this information until they get to know us, or simply they just don't know.
The ...
Posted by Patrick Galesloot
on March 27, 2008
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