When consumers first complete and then submit a loan application, the initial thought might be that the work has been done and now we’re just waiting on loan papers. Further along in the approval process, common lender questions will often come up. The fact however is that loan submission is one of the early steps […]
Want to close fast? There are certainly lots of things people can do to accelerate the closing process. A fast close can help with the negotiation process. Sellers who see that someone has already applied for a mortgage means the buyers are not only serious about an offer but have taken the extra step and […]
Listing your property as For Sale By Owner can sound easier than working with traditional realtors. So can you really save money and stress deciding to list your property as For Sale By Owner? Closing Costs and Fees There are closing costs associated when selling a home. There’s no secret in that. All you have […]
It pretty much happens the same way every week. Data is released to the public as well as various media regarding the direction of residential mortgage rates. Where does this data come from? There are several rate surveys but the one most referred to by far is the one performed by secondary mortgage giant Freddie […]
A mortgage bond is a bond just like any other. There is a fixed rate of return that the investor knows about prior to making a purchase. Compare a bond to an individual stock or mutual fund and you’ll soon discover a wide disparity between yields, or profit. Stocks can provide a greater return on […]
Mortgage lenders evaluate good credit and bad credit a bit differently than they did several years ago. Prior to the introduction of credit scoring, a lender’s underwriter would review each credit entry line by line. The underwriter would look at credit limits and account balances, if there were any payments made 30, 60 or 90 […]
When consumers start talking about mortgage loans, the two most important topics are almost always the prevailing interest rate for the loan program they’ve chosen and closing costs. Yes, there certainly are other considerations but in most every instance these two items get the most attention, and rightly so. After all, the interest rate on […]
Wondering how your new mortgage loan will be handled now that many of us have been officially considered “non-essential?” Well, for one, the mortgage industry is up and running regardless of any status. Yes, there are many who are currently in a work-from-home status and don’t have an official office to go to, at least […]
Are you getting ready to take the leap? Are you wondering if you should go ahead and lock in your rate now? Or maybe wait a bit to see what happens? We get that. But let me take some time here to provide you some suggestions as the best course of action for your situation. […]
You’re surely been following the news and hearing or reading about the price of oil lately. If you haven’t, well, we’re at levels we haven’t seen in decades. Low levels. Currently, the price for a barrel of oil hovers around $30 with some even predicting prices to fall a bit more over time. Quickly compare […]
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