Many people who have filed bankruptcy in the past apply for credit the wrong way.They fill out a credit application and hope for the best. Best case, they probably end up paying a lot more in interest and finance charges – hundreds or even thousands of dollars more, depending on what they’re buying. Time will [...]
Mortgage and Home Loan Information
|
> News of the day < |
|
||||||||||||||||||||||||||||||||||||||||||||||||||
January 1, 2009
If you have been told your credit score is too low to obtain optimum mortgage financing or have been turned down for a loan, there are some simple ways to improve your credit score. The first step is to obtain a copy of your credit report and check it for accuracy. You can also call [...]
October 20, 2008
Next to a great interest rate and reasonable closing costs, all a borrower asks for, and deserves, is as smooth a mortgage process as possible.
September 1, 2008
There is a standard profile for conventional loan borrowers. This is just a profile, and every loan is a case by case situation. But in general the conventional loan borrower will meet these criteria.Your broker can reduce the amount of time it takes to underwrite your loan by obtaining an automated underwriting approval and paperless [...]
August 18, 2008
An appraisal is a report made by a qualified, often licensed individual who sets forth an opinion or estimate of value regarding a customers property.
For Conventional mortgages and anything covered by the HUD-FHA Direct Endorsement Program, the lender obtains a complete copy of the report detailing the method and basis for the the appraised [...]
