2 Responses to “How to read a mortgage rate sheet – Video tutorial”

1. freeratesrchr on May 10th, 2007 at 12:36 pm

   Good info!!! It’s hard to see the numbers on the video, but your explanations illustrate how incredibly complicated mortgage pricing really can be…and how difficult it is for even professionals to accurate price loans across multiple lenders. Imagine looking at 20 rate sheets and trying to price the loan? It could take a day just to accurately shop one loan! Either loan officers have to end up relying on a few lenders they like, or maybe the lenders whose account exec (salesperson) is top of mind.

   We’re using loan search and pricing technology (http://www.FreeRateSearch.com) to do all this work and show consumers par rates among different lenders. I’d welcome your feedback REIBrain.

   Thanks for putting this together. My experience has been that consumers think the loan officer is being cagey if they won’t just quote a rate. But if they saw it they might expect a different response when they say “What’s your rate?!”

2. Trackback: Creative Real Estate Investing » Blog Archive » Carnival of Real Estate Investing May 14th, 2007
   May 14th, 2007 at 9:34 am

   [...] Carnival of Real Estate Investing May 14th, 2007 Welcome to the May 14, 2007 edition of carnival of real estate investing.  We have some interesting posts for you today, definite must reads.   My top picks start with a commentary posted by Edith Yeung on the benefits of reading and implementing the principles of “Think and Grow Rich” at Stewart Hsu.  She provides another great insight on the benefits of reading “Think and Grow Rich”.  Too often people get caught up in the hype of running out to do a deal based on the latest bootcamp they’ve attended.  Knowledge and educatation is important, another very necesary ingredient to add to that mix is the “think” to “grow” part.  Set goals and be focused, think before you act so that you can grow your investment business andwealth.  I like this because too many people forget that they are operating a business and need to be strategic in their actions to ensure success.  You need to “Think” to “Grow”.   Steve Faber presents How to Get Great Information for Investing Success at Debt Blog.  Steve presents an excellent example of what proper research and diligence can show you as a strategy to determine future growth markets for your investing along with a great long term land strategy.  Good information and reading. Nigel Swaby presents commentary on Subprime Mortgage Apocalypse under foreclosures at Salt Lake Real Estate Blog. An interesting spin from Nigel that showcases again the many properties available for investors and highlights that there are opportunities in any market and conditions. Under Rental Properties, Christopher Smith presents Establishing the Ground Rules with Your Tenants posted at Real Estate Investing in the Real World and says “Real estate investing is about numbers and evaluating risk, but for buy-and-hold investors it’s also all about people.  Do you have a strategy for managing the landlord-tenant relationship?” Robert Phillips presents under “subject to” and has an interesting article about Real Estate Attorneys at Real Estate Investing.  Robert has good information about the realities of dealing with attorneysand how to find one suited to your investing needs.  Remember, the attorney works for you and should become a vital part of your power team.   Other postings worthy of mention included in no specific order are: Trevor Mauch presents How to Read a Mortgage Rate Sheet.  This video tutorial is posted at The Real Estate Investing Brain and the article has a video tutorial on how to read a mortgage rate sheet and how to calculate the rates, commissions, rebates, etc. from the rate sheet.  It is is part 1 of 2.        Renthusiast presents Emerging Thoughts on Property 2.0 at Renthusiast and talks about how the virtual property market is in some respects even hotter than the conventional bricks and mortars game. In the world of property 2.0, things happen and they happen quickly. In conventional real estate, it’s the opposite.” James Klobasa presents The Key Points to Flipping A House on his Real Real Estate Investing Blog. Big Cajun Man posts statistics on New Housing Prices increases in Canada at Canadian Financial Stuff, saying that “In Canada, there is no sign of a Bubble bursting in terms of housing prices, especially in Alberta.” That concludes this edition.  Submit your blog article to the next edition of carnival of real estate investing using our carnival submission form. Past posts and future hosts can be found on our Blog Carnival index for “carnival of real estate investing” blog carnival index page.             To your prosperity, Mary Wozny [...]

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