Introduction to the site…

Here I am, trust your lender.com, a new blog from an industry insider talks about the good, the bad, and the ugly of the current state of mortgage lending.

A ten year originator of loans for two different banks and two different brokers, half of which are now gone; Scott hopes to inform the masses about what currently makes the industry tick.

What is a point?  What is an APR?  What is a mortgage broker? What isn’t my lender telling me?  Why can I never find those magic rates in the 4.00% range that I see advertised on late night television?  Why does the closing statement I sign at escrow look nothing like what I was quoted by lender at the beginning of the process?  What can I afford in a monthly payment?  Should I buy a new home?  Should I sell my existing home?  What is Private Mortgage Insurance?  Who is the FHA, Fannie Mae, and Freddie Mac?  Why is my first payment different than my last payment?  Should I refinance my loan?  Can I refinance my loan?   Should I modify my loan?  Can I modify loan?  Who is The FED, and why should I care?  What is Obama and the administration really doing to help the lending markets?  Was I taken advantage of on my last loan?  If so, what can I do?

These are the types of questions and concerns that will be addressed in this blog.  From time to time I will probably stray off topic and get into one of my general rants about taxes, the Federal Government, the California State Government, and/or general business follies.

Enjoy.