Mortgage Blog

Sometimes we do not do easiest things, we do what our clients want.

I am doing a loan for Las Vegas for the purchase. The rate is around 4.25% for 7/1 ARM(APR 4.72%) and covering some closing cost. The rate is good, and also it is for my client.

And I am doing another purchase loan for my LA client, with 10% down payment. The 7/1 ARM rate of 4.125%(APR 4.72%) is not bad either, this rate is not bad either since there is no mortgage insurance at all.

There are amore requests of changing 30 yr fixed for 7/1 ARM recently, though 30 yr fixed rate is not bad either, but 7/1 ARM will save a few hundred dollars, plus the rate might not go up too much from the current level.

Finished 133 Pages of The Road to Little Dribbling by Bill Bryson. He is an American who lives in Britain. He likes hiking and travel a lot. I like reading his books. I purchased this book about one year ago. It is very entertaining to read it now.

In this book(on the page 105), he wrote his experience with TripAdvisor. there was a restraint: Crown Manor House, who was fined for $20k because of hygiene issues. The newspaper already reported for 5 violations of rats running around the food. And he wrote a comment on TripAdvisor under that restraint and posted the link to the newspaper article. But his comment was deleted by TripAdvisor. The reason is that: this is not his own first hand experience.

So seems like we can not trust TripAdvisor either.