Scot's Blog

As you know, 2008 was a very tough year for the mortgage business.  Many mortgage lenders downsized, consolidated or went out of business.  I am please to tell you that Exchange Financial had a good year.  Believe me, it wasn't great but we did not have many of the perils other companies had.  I ...

Founded in Grand Rapids in 1982 Exchange Financial is dedicated to the Realtor relationship.  Many lenders concentrate on customers from a wide variety of sources.  At Exchange Financial we largely concentrate on relationships with experienced Realtors.    •·       Realtor Relationship Driven   •...

Scot Veneklase, Sr. Loan Officer-957-3480 Office-293-7040 Cell www.HomeLoansWithScot.com In today's challenging Real Estate Market you need to be confident your SALE will result in a SUCCESSFUL CLOSE.  For almost 10 years I've helped hundreds of buyers purchase their dream homes.   My rates are c...

                                      FIVE REASONS TO DO BUSINESS WITH SCOT VENEKLASE AND EXCHANGE FINANCIAL!    1. SERVICE!                       Service is my #1 priority.  Each client has the potential to become a referral source.  I expect all customers to be satisfied with my service. Exchan...

Rates Rise After Fed Meeting Mortgage rates held steady during the first half of the week, until Wednesday's Fed meeting. As expected, the target for the Fed Funds rate remained unchanged, close to a level of zero. Heading into the announcement, the biggest question for investors was whether the ...

For the week of Nov 24, 2008 --- Vol. 6, Issue 48       Last Week in Review     "THE IMPORTANT THING IN THIS WORLD IS NOT SO MUCH WHERE WE STAND, AS IN WHAT DIRECTION WE ARE MOVING." Oliver Wendell Holmes. And when it comes to the direction our economy may be moving, there was some surprising ne...

  Mortgage TimeMortgage Market News for the week ending November 14, 2008   Compliments of Scot Veneklase   PHONE:(616) 575-9808       Events This Week: Retail Sales Fell Import Prices Lower Manufacturing Down Sentiment Higher Events Next Week: Mon 11/17 Industrial Prod. Tues 11/18 PPI Wed 11/19...

Deciding to purchase a home is one of the most significant decisions that a consumer will ever make.  It is crucial that the professionals consumers will work with during the home buying process treats each individual in an appropriate manner.  While most mortgage industry professionals are hones...

Mortgage brokers are one of the most common channels to use when obtaining a home loan in Michigan and around the country. In fact, nationwide, mortgage brokers originate more than 60 % of all residential loans.     The mortgage broker serves as an expert mentor to the consumer during the complex...

First ask yourself these questions before deciding if buying or renting is right for your lifestyle now:   •·        Do you like the city or town where you currently live? •·        Do you think you will move?  If yes, how soon? •·        Do you have a regular paycheck? •·        Can you handle t...