25th April 2008
Jane is from California and had been approved for an FHA loan on a single family residence. Her lender had told her that she needed two months reserves in the bank before closing or the loan would not close. She was confused by this last minute requiremen...
09th April 2008
I have a web that talks about the mortgage loan process. The web site is very detailed but I still get at least one question a day about the loan process. Perhaps it is confusing because many things actually happen at the same time.
First of course, yo...
03rd April 2008
Every election year I have to listen to each of our Presidential Candidates run down the economy over and over again, not caring that it is their hype that is pulling it down. This year, to make matters worse, we have to hear about all the finger pointing...
28th March 2008
I received this question from S.K. who lives in Antelope, California. I want you to know I get this question over and over. It's one of my pet peeves because there is absolutely no reason for it to be such a frustrating reality to so many people applying ...
25th March 2008
FHA offers down payment assistance programs that make this loan extremely friendly to buyers with little cash for a down payment. Even with out the gift or grant programs a buyer can usually get an FHA loan with as little as a 3% contribution toward closi...
19th March 2008
I teach mortgage underwriting guidelines on the Internet so I spend a lot of my time answering questions. Many of these questions come from well known mortgage professionals but the ones I really enjoy answering come from the consumer. I received this q...
14th March 2008
It is not uncommon for real estate agents, mortgage loan officers, buyers and sellers to inquire as to how much the seller is allowed to pay in contributions on a conventional mortgage loan in Georgia. Any closing costs that are normally paid by the borro...
03rd March 2008
Remember the first mortgage you signed for, ... sitting at the table and looking at all the fees you were charged by so many different people, just to get your mortgage. It seems overwhelming. Have you ever noticed that they are always quick to take you...
04th February 2008
FHA mortgages have always been very good loans for the homebuyer. In today's market the FHA refinance programs offer maximum benefits to the homeowner that wants to lower payments or get out of an adjustable rate mortgage. FHA offers three types of refi...
25th January 2008
If you are selling your home with OR without a real estate agent you should get an appraisal before you decide on the selling price. An agent's market analysis will get you in the ballpark, but do you really want to stumble around in the dark with your h...
20th January 2008
Today's real estate market may make it difficult to get the full value out of your home if you have to sell. One of your options is to sell "for sale by owner". Selling FSBO is not difficult. The advice in this article should get you off on the right f...
18th January 2008
If you are a For Sale By Owner or if you have your home listed with a real estate agent you will probably want to conduct several open houses so people can view your home. You only get one shot at every potential buyer that views your home so you want to...
