Zillow Advice RSS: Discussion,Mortgage,

Show Off Your Zillow Ratings and Reviews

Fri, 20 Nov 2009 23:49:00 GMT

We're excited to announce a new reputation widget that confirmed Zillow lenders can put on their Web site or blog. The widget showcases some of the great customer reviews and ratings you've received from borrowers you've quoted on Zillow Mortgage Marketplace. When users click on the widget, they go directly to your Zillow profile page.

The widget is easy to install:

    * Select a widget version, wide or narrow
    * Choose up to 3 reviews you want to display
    * Copy and paste the code to your Web site or blog

Your average rating and number of reviews will be pulled directly from your Zillow profile. And, you can choose to include your Confirmed Lender and All Star badges (if applicable) at the bottom of the widget.

Get your reputation widget

13 replies

Zillow Mortgage Marketplace Pricing/Policy Change

Thu, 05 Nov 2009 17:17:00 GMT

Dear Lenders:
As communicated previously Zillow Mortgage Marketplace is introducing a new, market-based fee system for customer-initiated contacts. You will still be able to submit an unlimited number of loan quotes for free, but you will be required to pay a market-priced fee when borrowers contact you regarding your quotes.

During this set-up period, you can pre-fund your Zillow account. A minimum of $250 is required to set up an account.

When you receive a contact, Zillow will subtract the price of that contact from your account balance. All contacts will be priced at $0 during the set-up period.

On December 9th, the set-up period will end and the market-pricing mechanism will be turned on. Lenders who fund their accounts prior to December 9th will receive 25% off all contacts received during the first 30 days after the market-pricing mechanism is turned on. Lenders who do not have funded accounts by December 9th will not be able to submit quotes or receive contacts from borrowers.

To add funds to your account visit Lender Home or e-mail our mortgage team at mortgagesales@zillow.com or call 1-877-661-3171.

135 replies

Three New Changes to Zillow Mortgage Marketplace

Thu, 05 Nov 2009 17:52:00 GMT

Today, we are excited to announce three new changes to Zillow Mortgage Marketplace. We made these changes based on vauluable feedback we received from many confirmed lenders, and we are confident they will help improve Zillow Mortgage Marketplace for both Lenders and borrowers.

1. Lenders can now search for loan requests based on eleven narrower credit bands. The 11 new credit bands were modeled after Fannie Mae and Freddie Mac guidelines and lender suggestions.

Old Credit Bands

New Credit Bands

48 replies

No spam or self promotion please

Thu, 09 Jul 2009 17:31:00 GMT

Reminder:
While we welcome all your answers, comments, and advices, we ask that you refrain from posting your contact information on this board. Your profile page should include this info and users have access to it if they have to see more information about you or your services. If you are looking for ways to advertise, I would recommend our Showcase Ads.

Thank you.

0 replies

Whether to Refinance or not? What are the TRUE COSTS?

Sun, 29 Nov 2009 01:25:00 GMT

My appraisal came in at $360,000. My loan value is $309,000. I qualify for the fannie mae refinance plus. But I don't want to impound my taxes and insurance as I want to pay them on my own. My current rate is 5.625% with 28 years left. I am considering for a 4.875 % 25 year fixed no cost loan. All fees are paid by lender. Should I refinance by paying of $21000 of loan amount to bring the loan down to 80% of value? Is this a GOOD move?

1 reply

Selling your Business ? Step by Step Process

Fri, 27 Nov 2009 02:17:00 GMT

So finally the time has come to sell the business. After investing years of your time and uncounted thousands of dollars.
Business, Process, Broker, Buyer
http://www.za77.org/Article/Selling-your-Business---Step-by-Step-Process/4400

1 reply

Apply for your business and personal loan at low interest rate.

Fri, 27 Nov 2009 15:32:00 GMT

Apply for your business and personal loan at low interest rate. We also provide funds to companies, firms, co-operate business bodies with funding they need to execute their project. Interested people should contact us via winchesterfinance@gmail.com or call at 44 704 572 6197

1 reply

New System

Mon, 23 Nov 2009 16:56:00 GMT

This is the new system in action! Check out this loan request....ZR-FKTCSXR.

15 responses....closest to the borrower is 260 miles, HIGHEST lender rating is 4.7.

Zillow, it looks like you did a good job of separating the wheat from the chaff, except you kept the chaff and threw out the wheat.

Hate to say I told you so, but what you have done is certainly not in the best interest of the consumer. Enjoy.

1 reply

Still looking for financing for property with two houses

Fri, 27 Nov 2009 16:32:00 GMT

I have closed on a property like this using my local credit union, which charges 6.75% fixed for 15 years. I'm looking to buy a few more properties like this if I can find a better rate. I know there are at least two comps and there likely are more than two.

1 reply

What does Dubai problem do to Mortgage Rates?

Fri, 27 Nov 2009 15:29:00 GMT

If Dubai can't repay debt will MBS become more, or less, attractive? Will we see record low rates over the next few weeks?

2 replies

Has anyone heard of a 60 month mortgage loan....

Fri, 27 Nov 2009 15:35:00 GMT

that requires a $25,000 down payment, bearing Interest only payments with balloon (full sale price of home) due on maturity (5 years years later).

If not, check this out and see for yourself. Click here.

Direct link:
http://wix.com/iPSSystem/1708_Holguin_St

0 replies

It's Time To Lock Your Loan ( IMHO )

Thu, 26 Nov 2009 16:50:00 GMT

If you are thinking about doing a mortgage, it may very well be time to act. Interest rates went down Monday, Tuesday, and yesterday to excellent levels. With rates at these levels, submissions will increase pushing lender's pipelines out and when that happens, you will have to lock for 45-60 days instead of 30 which will offset some of the benefit. In addition to more submissions the holidays will also affect the closing window as some Underwriters and staff people will be taking vacation/holiday time and will increase turn times. Even if you think rates will go down lower from yesterday, you should still act now and submit your file while floating the rate. That way you can get in the pipeline now, get approved, and possibly lock on a 15, 10, or 7 day lock which is even better. If the market reverses you will already be in process and lock the rate before the damage is done. Personally I would recommend to any client to lock it now and submit asap.

3 replies

HOS

Mon, 23 Nov 2009 15:25:00 GMT

If I work at Zillow, this would make me think the initial review is bogus too.

Reviewed Twice?

12 replies

Have you refinanced in 2009? What was your motivation to do so? Or not?

Wed, 11 Nov 2009 17:09:00 GMT

4 replies

Stupid U/W condition of the day!

Tue, 24 Nov 2009 20:02:00 GMT

I figured I'd lighten things up a bit and maybe we can compare notes on some of the dumbest things we are asked for on a daily basis.

I'll start. I had to show where a large deposit came from, it was from the sale of a car.The car was listed as an asset on the 1003, I showed the check received for sale of the car, the deposit into the account and the notice of transfer and release of liability on the car. U/W has come back asking for a copy of the title to said car.

Thinking ... how would they still have the title to the car if they sold it?

25 replies

Harrisburg Lawyers Offer Legal Expertise To Handle Legal Issues

Thu, 26 Nov 2009 01:27:00 GMT

http://www.squidoo.com/Harrisburg_Lawyers_Offer_Legal_Expertise_To_Handle_Legal_Issues_2009
If you are looking for legal expertise to help you deal with legal issues in the city of Harrisburg, Pennsylvania, take the help of Harrisburg lawyers.

0 replies

Will I have a problem getting a loan?

Thu, 19 Nov 2009 19:56:00 GMT

My wife and I have avg 771 Credit Scores, Work full time and have been at our jobs for more than 10yrs
Make 140K gross together. We would like to to purchase a home thats 260K and put 20% down.
So the loan amount be around 208K. Our down payment will be a mixture of liquidated assets(stocks/small savings), cash gifts, and 401k loan. We currently own our starter home and have 90K left. The home is valued at 108K
We plan to sell this home after the purchase. We are holding out because of the abundant amount of similar homes for sale. We are also considering renting this. We have some debt about 10K, on a HELOC and CC.
We have found our dream home and don't want to miss the opportunity.

What are your expert thoughts?

11 replies

Financing For Qualified Buyers: Different lenders have several different financing options.

Wed, 25 Nov 2009 23:05:00 GMT

Financing For Qualified Buyers: Different lenders have several different financing options.

For example, right now one lender in our city has a mortgage warranty free for the first year as one of it's popular plans. This week they just started a special where they have no origination fees on new loans and refinances. In Rochester, MN, Another bank has a 3.9% home improvement rate on homes purchased that already need to have money and work invested into them. This can be very useful for people buying distressed homes as many of the short-sale and foreclosure properties are commonly in need of some repair. The fix-up money is rolled into the mortgage with a contractor's work order and paid to the contractor on completion. MHFA and FHA have their own interesting plans. Call your Realtor or a few different lenders to see if they know of or have any specials that might fit your particular needs.

1 reply

HARP Loans with Current Lender?

Wed, 25 Nov 2009 06:38:00 GMT

Does a loan have to be refinanced with the current lender under the HARP program?

If not, are there any advantages to doing it with your current lender? I currently have IndyMac (OneWest) and they say they don't have it available yet (125 LTV). This is after trying to get a hold of them for a month.

1 reply

Loan officer and real estate advice...

Sun, 22 Nov 2009 16:38:00 GMT

I'm thinking of making an offer on a bank owned property. The listing agent says I must be pre-qualified by his lender. When I called the loan officer I asked him if he were going to reveal the upper end of of what I'm qualified for to the bank. He said "yes!" I'm not comfortable with this at all. When I gave him the information needed for the pre-qual letter I told him that I only wanted to offer a certain amount. Now he is telling me that he knows there is a cash offer and that if I want to win the deal I should offer what he says. I don't think he's also a real estate agent, but how does he know about a cash offer on the property?

66 replies