Comments on: Behind The Wall – An Insider’s View Of The Mortgage Process

By: shirley

shirley — Sat, 06 Jun 2009 14:06:36 +0000

I have a question what are my legal rights when I rescinded my 2nd mortgage flex line account within the 3 days and the bank processed it anyway?

By: Tim Riley

Tim Riley — Wed, 11 Mar 2009 21:44:01 +0000

The one thing I was hoping for should be somewhere in or after the funding paragraph, when do I get the keys? How is that worked out? My loan funded today and is supposed to record tomorrow, when do I actually get to take delivery of the house? After all, as a buyer, thats the only part I really care about in the whole process.

Thanks very much, great article!

By: Friday Link-Up Day

Friday Link-Up Day — Sat, 25 Aug 2007 04:40:39 +0000

[...] John Crenshaw’s Link Behind The Wall – An Insider’s View Of The Mortgage Process [...]

By: John

John — Sun, 19 Aug 2007 18:23:56 +0000

Thanks for stopping by Devin, I’m glad you enjoyed it.

By: Devin

Devin — Sun, 19 Aug 2007 02:05:06 +0000

hi nice post, i enjoyed it

By: John

John — Fri, 17 Aug 2007 15:29:14 +0000

You should never do business with a company that tells you not to pay your mortgage. In most cases that’s the dumbest thing a broker can tell you, especially in today’s market and it’s one of my signs for recognizing a mortgage “salesman” as compared to a mortgage adviser.

Anyway, I’ll tell you what probably happened. A lot of lenders are canceling loan programs left and right, and if a certain file is not far enough along in the process, it’s left in the dust and your broker needs to find a new lender. They should have explained this to you and the fact that you’re asking me this now shows me that they haven’t explained what is going on.

My #1 tip is make your mortgage payment. You have no idea how long this is going to take and if you end up with a mortgage late on your credit report, you get to take a little trip to subprime land where the rates are high and so are the payments.

My #2 tip is stop thinking of your mortgage as a commodity, like a can of Campbell’s Soup that you can buy at any number of different places and it’s the same no matter what. Find a broker who is willing to take your entire financial situation into account, not just someone who sells mortgages.

What you do from here needs to be your choice, but if you decide to look elsewhere, I’d be happy to see what I can do…just let me know.

By: sally

sally — Fri, 17 Aug 2007 10:24:09 +0000

me and my husband are trying to refinance with the help of a broker lendersedgeonline.com
we been with them since the begining of june and we still haven’t refinanced they have been telling us for two months well be closed in two weeks they have given us dates when we would be closing those dates have come and gone and still were waiting to refinance .this week and last month they told us not to pay our mortgage they never even told us the name of the mortgage company that would be refinancing our house I found out this week that it was aurora I saw alot of bad reports on that mortgage company so I asked them which company were we going to refinance with it turns out that it’s wells fargo now they switched on 8/16/2007 what should we do?