Who Needs Internships These Days?
Well, according to recent information there are a lot of people vying for internships these days and they are not all part of the college crowd. It seems that unpaid internships are just as competitive as the paid ones as more and more out of work professionals are trying to get started in new positions [...]
Look at the GFE (Good Faith Estimate) & TIL (Truth in Lending) Documents
Traveling last week on vacation took me to a car rental office where I met a young woman who was very excited about buying her first home. When she found out that I was mortgage loan officer she asked me if I had any advise for her and I simply told her to make sure [...]
Help for Credit Issues
Being in the mortgage industry you see a lot of people who have made a lot of mistakes and are paying for it on their credit reports. There are normally two types of people that I talk to; those who have an “explanation” or “excuse” for every misstep and those that own their mistakes and [...]
Buying Bank Owned Property
I have had several people purchase or at least try to purchase REO property or Bank Owned Property. This can either be a relatively quick process or one that takes forever! It depends a lot on the timing of the offer and if the company that services the loan is the same company that is [...]
The Difference Bewteen Closing Costs and Pre-Paid Items
Many people contact me and want to know why the closing costs are so high? The reality is the closing costs actually run about 3 to 4 % of the purchase price on homes in the $125,000 range and up. They are higher for less expensive homes because there are fixed costs that make the [...]
An Alternative to Refinancing
As rates move up and down, many are finding themselves in the position of not being able to qualify for a standard refinance. They either have a debt to income ratio that is way out of whack, a loss of job or not enough equity to pay for closing costs. If you find yourself in [...]
When Not to Buy a House
Everybody is talking about how now is a great time to buy a house since there is the stimulus plan that let’s you get up to $8,000 back on a tax credit as well as rates that are still historically low. However, as much as that seems to be great advice, there are times that [...]
Modifying your Home Mortgage
Now that interest rates are on the rise and the economic situation stays somewhat the same, people are having less and less options when trying to reduce their monthly mortgage payment. If you are having a hard time paying your mortgage but have managed not to be late thus far, you can contact your mortgage [...]
What to Watchout for When Refinancing
The banks and mortgage companies have done such a great job selling the public on the advantages of a low interest rate that people allow the rate to be what drives them to refinance their loan. And while getting a lower interest rate is a good thing, you must weigh the cost of the refinance [...]
What a Great Title Company Can Do for You!
Most title companies can get the job done because that’s what they get paid to do. However, a great title company will do whatever it takes to get the loan closed, even if that means getting up early, traveling, or staying late. It’s what I call customer service! I believe you should ask the Realtor [...]
« go back — keep looking »