Joe Beach's (jbeach) Blog

Mortgage and Lending - Lending4UNow/Rapid Mortgage
"Are you feeling sorry for yourself? Have things been tough lately and the ball is just not bouncing your way?" In 1984, a newly acquired business associate and now long time friend made that title statement and I have never forgotten it. I guess it is true that when things seem to not be going g...
     Recently we had a client who had a wonderful loan. Everything was going rather smoothly to refinance this condo. We were wrong. The underwriter called to say that they could not do this loan, because the FHA will not allow loans where more than 10% of the units are owned by an individual or ...
  We don't all have a Delorian to take us back in time like Michael J. Fox had in Back to the Future. But, if I did, I would like to go back to the good old days of the mortgage and real estate industry. Where business was booming and there was plenty of it! Where a handshake was a contract and a...
Social Media Marketing! 6 months ago, I could not have told you what that was. Selling oneself socially, it sound similar to prostitution ha ha ha.  However, since my assistant brought it to my attention and we have be experimenting with different social media, it seems to be working. We have got...
In the mortgage business, there is an up time and a down time, depending on what type of loan that people are looking for. Right now, there is a down time for refinancing, as the rates are going up and anyone who wanted to refinance has already done so. However, right now, homebuyers are the only...
The American dream is to own your own house. However, this dream has shattered in lieu of the recent subprime mortgage shakedown. Buying a house with bad credit is no longer as easy as it was and indeed, even keeping a home from foreclosure is hard. People are losing their houses left and right, ...

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