Tag: mortgage

Documents You’ll Need To Get A Mortgage In 2015

You’ve decided to buy a house. Congratulations! You’ve written the offer, and while you’re waiting for the seller to sign you’re driving by the house to see it and show friends and family … you’re excited, and you should be! Now the seller has signed the offer, and it’s ratified. You’re buying a house! You’re over the moon! And then you start to receive emails and calls from your lender, asking you for this document/that document and more. You’re not so excited any longer. Buying a house is exciting, and while the process of getting a mortgage can be tedious, it’s …

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How To Protect Your Credit Score When Getting A Mortgage

A client, who’s buying a house and closing next week, was emailing back and forth with me this afternoon. When I told her we were “clear to close”, she said that this seemed like a good thing, and to let her know if it wasn’t. “Clear to close” just means that all conditions of the loan have been approved, and we’re ready to go, so I told her as long as she stayed employed and didn’t buy anything major that would affect her credit score, but she didn´t really need to worry about bad credit car finance deals so she …

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How To Find The Best Mortgage

Interesting graphic from TheMortgageReports.com, and Dan Green. It takes a look at your downpayment amount, your loan size, and your credit score, and walks you through specific questions to help you determine the best program for you. Obviously an infographic can’t determine exactly what you need, but a good lender certainly can – so once you’ve walked through the information, contact Dan and let’s get started. Already pre-approved? Start your search for a new home here. Check local mortgage loan limits at The Mortgage Reports.

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How To Buy A Home

You’re buying a home. Maybe it’s your first, maybe it’s your second, maybe it’s your tenth. Regardless, the process is almost always the same – but what, really, does the whole thing look like? It’s different for everyone, of course, but one of the biggest hurdles in every transaction is getting the mortgage loan. Dan Green of TheMortgageReports.com put together this awesome infographic on the financing side of buying a home, including 5 Popular Sources To Find A Mortgage, Affordability, and Closing Costs. Check it out. Homebuyer assistance via The Mortgage Reports. Want to start searching for your next home? 

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The Paperwork You Need To Apply For a Mortgage

You’re getting a mortgage … what kind of paperwork do you need? The answer?  A lot.  But not as much as you might think, and it’s somewhat dependent upon (1) the lender you’re using, (2) the type of loan you’re getting, and (3) some unknown force of the universe. Getting a mortgage isn’t terribly hard, it’s just tedious.  So when you’re preparing to make a loan application with a lender, it’d be a good idea to have all documentation related to your income, your expenses, and your assets, at hand – ’cause they’ll want to see everything.  Have: at least …

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Finally, Homeowners Are Taking It To Big Business

As a homeowner with a mortgage, think you don’t have rights against the bank? Think again – a Florida couple successfully foreclosed on a Bank of America branch, after the bank failed to pay them the court fees they were awarded in a settlement because the bank foreclosed on them.  Check out florida property management directory today. The video is well worth the six minutes … The Daily Show Get More: Daily Show Full Episodes,Political Humor & Satire Blog,The Daily Show on Facebook It’s easy to think that the consumer doesn’t have any rights against Big Business, but these homeowners …

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Sorry – Zillow is not accurate in Montgomery County

Much of the conversation with buyers lately has centered around what the market is going to do.  It seems everyone wants to know two things – (1) what’s the market going to do, and (2) when are rates going up?  At the risk of sounding flippant (and failing miserably, I’m sure), my response is usually “who cares?“. I mean, if you’re a serious buyer and the right house is on the market, in your price range, you buy it – right?  And with rates ranging somewhere between 3.87% and 4.63%, is 1/8th of a point going to make that much …

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Mortgage Terms Made Simple

Understanding your mortgage shouldn’t be a draconian task (that’s a nod to Michael Pierce).  In fact, it should be ridiculously easy.  And it should never be as complicated as this. So kudos to Continuum, then, for coming up with a Mortgage Disclosure Form that shows – in simple terms – the terms of a mortgage. Simple, easy to understand language and visual. Short and to the point.  I like it.  Will it became a standard?  Who knows.  But it’s one step toward solving a larger problem.  And that’s a good thing. Shoutout to Century21 on Facebook for the article, and …

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How Often Do Mortgage Rates Change?

From Dan Green and TheMortgageReports.com: Mortgage Rates Are “Good” For Less Than 4 Hours In February, lenders issued 2.45 rate sheets per day. This means that mortgage rates changed every 3 hours, 16 minutes on average last month. It also means that the rate quote you picked up by email yesterday isn’t worth the pixels it’s printed on today. More than 3 hours have passed and your quote has since expired; it’s a relic of some other day’s mortgage market conditions. In a market that moves this fast, you not only lose the ability to “sleep on it” with respect to …

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From Inman.com – The Anatomy of a Real Estate Appraisal

This article is cut and pasted from Inman.com, with a link to the full article here.  I didn’t want it disappearing behind their pay wall.  Every area is a little bit different, but this is a good, comprehensive look at the mechanics of a home appraisal.  You can find New River Valley real estate tax rates here. Q: I know that the city appraises a house for tax purposes. Is this the same method that banks use to appraise homes also? A: There’s a lot of confusion about the value estimates that cities generate for homes, so this is a …

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