Oliver News

I found another web site that offers discounted mortgages, and you can check to see what the best rates are online; my favorite way to shop around. I have been watching mortgage rates for some times, it has always interested me to see if the rates are up and down and how much house I could afford if I decided to sell this one and move up in the world. The places online are my favorite way to keep up with the possibilities, and I always check to see if the mortgage broker who is offering me business has stated income loans, or no-doc / low-doc loans, because being self employed makes things a bit more complex when applying for mortgage credit. If the broker is familiar with these stated income loans then I will talk more shop with them.

Unfortunately the stated income loan may be harder to get as washington talks about making it harder for public companies to engage in these types of loans - I hope that will blow over, in the meantime, get one while you can!

When web 2.0 companies start to release new sites that focus on foreclosures, you know things have gone from bad to worse. Of course it’s not Zillow’s fault that the economy is in shambles. They didn’t make gas prices higher and keep wages low, but they are cashing in on creating technology that focuses the mortgage crisis. Zillow has released a new web 2.0 technology to help you focus on the all the foreclosures in various parts of the country.

I remember when zillow launched, it’s a very cool mashup of technology that gives you an easy to read and zoom map of houses and properties in certain areas and shows the purchase prices and estimated values - a great tool if you were considering buying or selling property. It also made me feel good looking at it and seeing that homes in my neighborhood were going up in value.

Now it’s like watching a bad dream come true, perhaps this will become some kind of offline Trump board game of some sort. Now you can look up your friends, family and enemies addresses to see how bad they are getting screwed on their home prices.

Story from the AP talking about Zillow’s multi-lender mortgage marketplace. A place where many Americans will find that they can get rejected by several places quickly. Just kidding.