Raleigh/Durham Loan Officer

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Mortgage and Lending - Bank of England (NMLS#418481) - NMLS# 1046286
A Blog about real estate and real estate finance by Bob Mitchell who has been in the business since 1984 and who comes at the business from a different angle.
One of the cool things about taking a loan application is that it makes you think ahead.  The reason that it does this is because on the Truth In Lending Form you have to put in the first payment date, which is generally about 2 months after the closing date. So, if it may be 15 degrees out with ...
Cold calling is one of those things that NOBODY likes.  The folks who do it don't like it and the people who are getting the call don't like it, so why do it?  Because it works....at least if it's done correctly.Actually, if it's done correctly it isn't nearly as bad for either the caller or the ...
I just read a blog on MGIC raising it's credit requirements.  In this post, the letter that MGIC wrote explaining this move was included.  It said that this move was in response to market conditions and loan performance.  Well, this got me thinking.....Is it really that bad for the PMI companies?...
I just read a blog called, "Remember When Your Buyer's Just Loved The Home That They Were Offering On?" where the author lamented on the fact that buyers don't seem as committed to the home buying process as they used to.  That buyers now seemed more concerned with getting a "good deal" than in b...
(Imagine This Is A Television Commercial Done In The Style Of A Typical Car Dealer Commercial) Attention All Renters!  Now, for a limited time, we've got excess inventory and EVERYTHINGS GOT TO GO!No reasonable offer will be refused!  $500.00 down and you drive away with a NEW HOME!  Plenty to ch...
Yesterday I decided to take a holiday off from watching what I ate.  Actually, I did WATCH what I ate, I just didn't make any efforts to limit myself.  Below is the tally of my consumption including a superbowl party and hanging out with my son and his college age friend afterwards.  2 medium pot...
Lonn Dugan recently wrote a post titled, "Does SEO Really Work" and I commented on it that, "yes, it does work!".  I went on to say that my website, www.valuelistre.com used to be buried hundreds of pages back on Google under the search term, "St. Louis Real Estate".  Now, it's on the 2nd page un...
A lot of folks outside of the St. Louis region don't realize that St. Louis is home to the country's 2nd largest Mardi Grau celebration.  What originally started out as a group of friends walking from one of their homes to a bar has now grown into a neighborhood wide celebration that brings tens ...
Today I came across several posts that spoke very enthusiastically about the fed rate cuts and the stimulus package that the Politicos in Washington DC are working on right now.  And while I can understand people who work in an industry that has been beaten up as badly as the real estate and mort...
A while back when the house was debating HR 3915 - The Anti Predatory Lending Bill, I had the pleasure of talking with one of the guys who was doing the grunt work on this bill for my congressman, Lacy Clay.  In that conversation he told me that lending had gotten way out of hand and that too man...

R. B. "Bob" Mitchell - Loan Officer Raleigh/Durham

Bob Mitchell (NMLS#1046286)
local_phone(919) 876-8400
smartphone(919) 289-9611
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A Blog about real estate and real estate finance by Bob Mitchell who has been in the business since 1984 and who comes at the business from a different angle.