Willie S. Haddad's (tlc) Blog

"I love the man that can smile in trouble, that can gather strength from distress, and grow brave by reflection. 'Tis the business of little minds to shrink, but he whose heart is firm, and whose conscience approves his conduct, will pursue his principles unto death." Thomas Paine 

New-Home Sales Rise New-home sales rose 2.6% in March after falling 16% since December as homebuilders continued to struggle with large inventories of unsold homes. The U.S. Census Bureau reported that new single-family home sales rose from 836,000 in February to 858,000 in March. The sales pace ...

Applications RiseThe Market Composite Index, an overall measure of mortgage applications, rose from 630.6 to 653.3 on a seasonally adjusted basis during the week ended April 20, according to the Mortgage Bankers Association's Weekly Mortgage Applications Survey. On an unadjusted basis, applicatio...

"It is hard to let old beliefs go. They are familiar. We are comfortable with them and have spent years building systems and developing habits that depend on them. Like a man who has worn eyeglasses so long that he forgets he has them on, we forget that the world looks to us the way it does becau...

"The wise man doesn't give the right answers, he poses the right questions." - Claude Levi-Strauss

"Perseverance is a positive, active characteristic. It is not idly, passively waiting and hoping for some good thing to happen. It gives us hope by helping us realize that the righteous suffer no failure except in giving up and no longer trying. We must never give up, regardless of temptations, f...

"Nothing in the world can take the place of persistence. Talent will not; nothing is more common than unsuccessful men with talent. Genius will not; unrewarded genius is almost a proverb. Education will not; the world is full of educated derelicts. Persistence and determination alone are omnipote...

Mortgage TerminologyA   B   C   D   E   F   G   H   I   J   K   L   M N   O   P   Q   R   S   T   U   V   W   X   Y   Z7/23 and 5/25 Mortgages Mortgages with a one time rate adjustment after seven years and five years respectively.TOP 3/1, 5/1, 7/1 and 10/1 ARMs Adjustable rate mortgages in which...