Doug Jones's (dougj) Blog

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Mortgage and Lending - Mortgage Magic

ARCHIVED BLOG POSTS

2010 

2 Comments
Below is an email that I sent to our loan officers this morning. Then, as an afterghought I copied and sent the email to our banks and title companies. What surprised me is that so many responded back saying that the message was also good for them and they thanked me for the reminder. -----------...
10/29/2010

2 Comments
In real estate it has been said everything is location, location, and location. In money management the words are timing, timing, and timing. Back in the early 1980's banks were offering 10+% for savings accounts. But, most of us did not have the money to take advantage of those rates. My mortgag...
10/27/2010

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Most of my business comes from referrals from CPA's, Financial Planners and Attorneys. This video explains why they refer to me and gives two examples of loan situations this past week.http://www.youtube.com/mortgagemagicca2Have a great day........Doug JonesMortgage Magic   MLO 286668http://www.m...
10/25/2010

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Mortgage Lending is a lot like Golf........now I am not a golfer but here is what I mean by that statement. A golfer has 14 clubs in the bag. He/She only uses one a time and each club is designed for a specific shot. A putter is for close to the hole on the green; a driver is for the long shots a...
10/22/2010

4 Comments
I heard a statement, "Think the thoughts that match what you want until you believe them." If you are honest with yourself you will realize that your thoughts are sometimes like popcorn popping all over the place. They conflict each other and therefore cancel each other out many times. No wonder ...
10/21/2010

6 Comments
In San Jose I see this comment many times, "Not sure if add on has permits." Well, if the ceiling is 6 foot high and the light is hanging from a bracket onan orange cord is running to the inside of the house or a mounted toilet in a bed room Probably no permits ! Of course there are no permits an...
10/19/2010

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Many loan officers are very quick to tell clients what can save them money when sometimes it really makes sense to NOT refinance. I have heard mortgage brokers and bank loan officers simply take the reduction in interest and use that as a yard stick to refinance when that really is not a good mea...
10/13/2010

2 Comments
Bank of America has stopped their foreclosure process in all 50 states and some other bank have halted in 23 states. How secure are you in making an offer on a foreclosed property? It is amazing to me that companies as large as Bank of America have to stop and review this process. What have their...
10/12/2010

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I remember reading a book about Lou Holtz the famous football coach and speaker. Lou got fired and went into a short depression about his life. He then sat down and wrote out over 100 things he wanted to do in his life....be in a jet plane that landed on an aircraft carrier...climb mountains. The...
10/11/2010

1 Comments
Remember when the Stimulus and the Health Care Bills were being tossed about and those in Congress and the Senate were being criticized because they had not read the bills? I am helping someone study for the MLO exam and he is having difficulty with the questions about the standard and extended T...
10/09/2010
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