Sep 102007
 

When I was around 10 years old, my parents decided to start a real estate business in our home. They were originally going to call it Cobra Realty (ring, ring: “Cobra Realty, hisssss“), but that’s a story for another day. My grandparents were in real estate, as was my Aunt, so it wasn’t too surprising that our family gatherings consisted of discussions about escrow, locations, mortgages, and the market. My sister eventually worked in commercial real estate herself. me, I just listened, learned, and continued to drift through life. But this left me with a much greater understanding of home ownership than the average kid, which has translated to the same holding true as an adult.

So, I’ve been paying attention to all of the mortgage “disaster” news of late not because I’m a homeowner, or because I expect to be one any time soon, but out of habit. My various homeowning friends are all shocked that such a thing could occur. I remind them that I’ve been predicting it for years. Americans just don’t pay attention when it comes to buying or financing a house. Most just assume it’s a natural progression and trust their broker to guide them through the process. The results are evident on every newscast these days.

There’s simply no excuse for real estate ignorance these days, if you’re considering getting a California mortgage any time in the next 10 years, then start doing your research now. 30 years ago, we didn’t have access to the instant and in-depth information that California mortgage brokers now make available on their websites. They’ve got mortgage calculators, mortgage news, and access to personal experts to help tailor your mortgage solutions, not to mention, everything you’ve ever wanted to know about California mortgage loans, but didn’t know who to ask.

  9 Responses to “3 Most Important Words In Real Estate: Mortgage, Mortgage, Mortgage”

  1. i think these words are more valuable as i know. this is really a great blog

  2. If, as many people say, “location, location, location now it become change. With literally thousands of different mortgage products being offered by lenders, shopping for a mortgage and getting the best interest rate can be confusing.

  3. Real estate is always a nice investment niche to make money in & mortgage play a main role in real estate market, it complete the budget of investors and attract the investors into the real estate market. Now many banks and mortgage brokers provide the mortgage facility because of the huge demand in the market.

  4. Great article, for investment purpose Real estate is a nice niche to make money in & mortgage play a main role in real estate market, it complete the budget of investors and attract the investors into the real estate market. Now many banks and mortgage brokers provide the mortgage facility because of the huge demand in the market.

  5. While we’re talking about topics related to 3 Most Important Words In Real Estate: Mortgage, Mortgage, Mortgage | Philaahzophy, Most lenders are participating in this new government subsidized plan, and homeowners are encouraged to learn how they can qualify and apply for a loan workout and avoid foreclosure.

  6. As I always tell my friends or a family member to do a thorough research using the internet. It is a great way to learn something even if it is not about mortgage or real estate. We all have the power to educate ourselves now unlike before.

  7. I work for a HOA management company and we deal with foreclosures all of the time. Not researching your own finances not only hurts you, it can hurt your neighbors. In association controlled communities, when properties go into foreclosure, the burden can sometimes be forced onto the remaining residents.

  8. It seems nowadays that almost every Real Estate Agent or Professional is on Twitter and you can literally do massive amounts of Real Estate research and collaboration with many professionals in this area on Twitter.

  9. Would love to see a more current dated version of this article. 2007 left a lot of changes! I do appreciate the information and wish more mortgage related articles would find their way into the media and give such useful information. Thank you!

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