Another Graduation: ESL-401
I really enjoyed this class. A High Beginners group that I completed from day 1 until the very end. They were great. I’m gonna miss the parties and the picnics at Pennypack Park. They were such a treat to have!
We are all together in the mortgage mess!
Your House As Seen By:
Yourself…
Your Buyer…
Your Lender…
Your Appraiser…
Your Tax Assessor…
I heard this today at work.
OFFICE ARITHMETIC:
Smart boss + Smart employee = profit
Smart boss + dumb employee = production
Dumb boss + smart employee = promotion
Dumb boss + dumb employee = overtime
ROMANCE MATHEMATICS:
Smart Man + Smart Woman = Romance
Smart Man + Dumb Woman = Affair
Dumb Man + Smart Woman = Marriage
Dumb Man + Dumb Woman = Pregnancy
SHOPPING MATH:
A man will pay $2 for a $1 item he needs.
A woman will pay $1 for a $2 item that she doesn’t need.
GENERAL EQUATIONS & STATISTICS:
A woman worries about the future until she gets a husband.
A man never worries about the future until he gets a wife.
A successful man is one who makes more money than his wife can spend.
A successful woman is one who can find such a man.
HAPPINESS
To be happy with a man, you must understand him a lot and love him a little.
To be happy with a woman, you must lover her a lot and not try to understand her at all.
LONGEVITY:
Married men live longer than single men do, but married men are a lot more willing to die.
PROPENSITY TO CHANGE:
A woman marries a man expecting he will change, but he doesn’t.
A man marries a woman expecting that she won’t change, and she does.
DISCUSSION TECHNIQUE:
A woman has the last word in any argument.
Anything a man says after that is the beginning of a new argument.
HOW TO STOP PEOPLE FROM BUGGING YOU ABOUT GETTING MARRIED:
Old aunts used to come up to me at weddings, poking me in the ribs and cackling, telling me, “You’re next!”
They stopped after I started doing the same thing to them at funerals.
Loan situation
At my new workplace, there are certain conditions that a borrower must meet in order for us to do and grant a loan to any potential borrower.
On Monday night, a borrower calls me with the following scenario:
He owns 2 homes, and a Title company (so he demands to be told everything straight and not to treat him like he doesn’t know shet), has good credit and wants to maximize the cash-out on each one of his properties because he “has private business to do with the money” so he cannot reveal exactly what he’s doing with the money; he also refuses to give out his social security number to prevent pulling his credit report.
After complying with his requests, I proceed to inform him that if he’s taking out 100% cash-out on two second mortgages, he’s facing 13.20% interest rate on each loan, giving the fact that the loans aren’t big enough to consider a lower rate.
I also informed him that, in the state of Michigan, he will have a 3 year pre-pay penalty on his loan, but not on the one from Florida, since the state doesn’t allow this; and finally he’s looking at 3 origination points per loan.
After all this, he says the following:
He wants me to take these loans to my “boss” and to tell him that he’s giving us 2 deals, so we need to lower his interest rate to at least 11% on each loan, he will never pay us 3 points on each loan, maybe 1 or 2 points on both loans, and who knows because he has good strong connections and never pays more than what he has to. Also, says that we should eat out the 3 year pre-pay penalty, because he won’t sign the papers if we don’t remove it. He wants me to call him, let’s say, after looking at his calendar, on Wednesday at precisely 3:30 in the afternoon, not earlier because he’s at lunch, and not later because he will be in a meeting, and he will then consider what kind of offer I may place on his lap.
I thought this picture would look nice to go with this deal:
-
Other Stuff
-
Weather in Philly
-
Cloudy
54°F
-
Thu
59/55
-
Fri
57/37
-
Sat
52/34
