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Posts Tagged ‘Loan’

Home Buyers Tip | Tip When Writing An Offer

Thursday, March 14th, 2013

When you are negotiating the offer with the seller remember that you may need a “little room to move” further along in escrow. Sometimes a buyer insists on writing every last penny out of the sellers when negotiating the purchase agreement. This can sometimes cause the seller to be much less likely to compromise during inspections,…Read More »

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Should you talk to a mortgage professional before house hunting?

Tuesday, January 22nd, 2013

Absolutely! Even if you haven’t so much as picked out houses to visit yet, it’s important to see your mortgage professional first. Why? What can we do for you if you haven’t negotiated a price, and don’t know how much you want to borrow? When we pre-qualify you, we help you determine how much of…Read More »

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Your Credit Score Impact on Home Buying Ability

Monday, January 7th, 2013

A credit score is a numerical expression based on a statistical analysis of a person’s credit files, to represent the creditworthiness of that person. A credit score is primarily based on credit report information, typically sourced from credit bureaus. This number helps lenders and others predict how likely you are to make your credit payments…Read More »

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Home Buyers Tip | Upfront Fees

Thursday, September 20th, 2012

Buyers beware that your lender may require some fees upfront.  Such as an appraisal fee, this upfront fee is fairly common and can be unexpected to some buyers, because it is associated with closing costs.  Instead of paying for it at closing, which many may assume, some banks prefer you to pay the fee before…Read More »

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Mortgage Minute | Five Ways to Make the Loan Process GO FASTER!

Friday, September 7th, 2012

We should say that “working with us” is the first way!  When you let us help you find the loan that’s right for you, you truly are taking advantage of some of the area’s best technology and expertise to get you a loan decision and funding on your loan quickly. But here are five “other”…Read More »

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How To Apply For A Mortgage Loan

Wednesday, September 5th, 2012

Your chances of obtaining a mortgage really depend on all the information that will be contained in the credit report. So, it’s a good idea to get your credit report, before you apply for a mortgage, and correct errors. If there are any inaccuracies you don’t know about, this could cost you thousands of dollars in…Read More »

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Mortgage Minute | Turn Times for mortgage lending

Sunday, August 5th, 2012

As the interest rates continue to go down, be cautious of turn time for your new mortgage loan. Be sure to ask your lender what their current turn times are for the appraisal and general processing of your new loan. Not all lenders are the same when it comes to their processing times, staff on…Read More »

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PMI | Private Mortgage Insurance

Wednesday, August 1st, 2012

Private mortgage insurance, or PMI, insures the lender against a default. It is required when the borrower is making a cash down payment of less than 20 percent of the purchase price. PMI costs vary from one mortgage insurance firm to another, but premiums usually run about 0.50 percent of the loan amount for the…Read More »

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Home Buyers Tip | Veterans

Thursday, July 19th, 2012

U.S. military veterans that are buying a home can usually qualify for some very favorable programs through the VA.  No down payment mortgages are available to those that qualify as are those that do not require private mortgage insurance (PMI).  Buyers that are veterans should contact their local VA office for more details and qualification…Read More »

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Mortgage Minute | Inform Your Lender Of Changes

Wednesday, July 11th, 2012

Even after you have been pre-approved for a home loan, it is of extreme importance to keep your lender informed of any changes that may have occurred since then. Examples include- change in job status- new job, job termination, or change in pay structure. While the lender takes your initial information to approve the loan, they…Read More »

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