Rate Lock
When shopping for a mortgage many brokers and lenders will often quote you in good faith in regards to what kind of interest rate and mortgage program you qualify for. You will also be given the opportunity to "lock" in for an interest rate should you qualify. ...
(Posted: 7/3/2008 8:40:22 AM) Permanent Link
Tags: [rate, rate lock, lock]What is my credit score
Finding out and knowing what your credit score is can be an important step to take when looking to refinance your home or to buy a new home. By knowing what your credit score is beforehand you can have a good idea as to what type of financing you may qualify for. If you have a credit score above 800 ...
(Posted: 7/2/2008 11:39:21 AM) Permanent Link
Tags: [fico, experian, equifax, transunion]
Combining your 1st and 2nd mortgages
One way to simplify your monthly bills is to combine your first and second mortgages together into one loan. ...
(Posted: 7/1/2008 9:16:12 AM) Permanent Link
Selling my home quickly
There are several ways to help sell your home quickly even in a difficult market. One way is to stage the home. It is worth the extra expense of paying for a professional to stage your home.
Another way to sell your home quickly is to sell it 1% lower then the market value. Often homes don't ...
(Posted: 6/27/2008 7:41:14 AM) Permanent Link
Tags: [staging, selling, appraisal, home value]
Frequently asked questions about loans
Will I need an appraisal?
Most loan programs will require a new appraisal. Sometimes, with good credit borrowers, the bank will waive the appraisal requirement but usually, the bank will want a new appraisal done to get a current value estimate. ...
(Posted: 6/26/2008 8:21:14 AM) Permanent Link
Tags: [loan faq, mortgage faq]
Comparing Loan Offers
I've received various offers from different lenders. Why is there such a difference between all of them? What should I look for to help me select the best loan for me? ...
(Posted: 6/25/2008 6:49:21 AM) Permanent Link
Tags: [loan offers, different options]
How to read your credit report
One of the sections on your credit report will contain all the inquiries made within the last 90 days to a year. You'll want to carefully look at these inquiries and make sure they are accurate. Too many inquiries can lower your credit score. ...
(Posted: 6/24/2008 7:13:02 AM) Permanent Link
Tags: [credit report]
Home Improvement
Increase home value vs marketabilty
When contemplating a home improvement project it is important to understand the difference between improving the marketablity of your home versus actually increasing the value of your home.
While any improvement to your home inexpensive or expensive ...
(Posted: 6/23/2008 9:38:37 AM) Permanent Link
Should I use consumer credit counseling
Many homeowners consider using a service such as consumer credit counseling. However there are some serious pitfalls that need to be discussed and explored prior to signing up. One such pitfall is that some lenders treat the turning over of your debt to a service the same as filing a bankruptcy. ...
(Posted: 6/20/2008 7:55:28 AM) Permanent Link
Tags: [ccc, credit repair, mortgage, consumer debt, ]
Mortgage Myths
There are a lot of myths and superstitions surrounding the world of property finance.
1) "My neighbor got 6.25% a month ago when he refinanced. I should be able to get it as well."
Wrong, wrong, wrong. The amount of factors that go into a loan for a borrower are numerous. Loan program, credit ...
(Posted: 6/18/2008 7:23:54 AM) Permanent Link
Tags: [myths, superstitions, half truths]
