Many homeowners are often inundated by the amount of junk mail offers they receive each month. Here is what to think about if you’re considering refinancing with a direct-mail solicitor… Confusing pitch You receive a letter in the mailbox about a refinance offer saying the mortgage offer is a fixed rate loan with an ultra…
If you are hesitant to apply for a mortgage because you think your credit score will drop, think again. Here is what happens when you apply for a mortgage and get your credit pulled… Many online articles would have you believe your credit score automatically drops when you apply for a loan. This is not…
If you’re serious about reducing your interest expense associated with your mortgage, refinancing is a guaranteed bet to reduce your payment, reduce your cost of funds and pay off your home faster. Haven’t refinanced yet? Know your options… Rate Reduction This is number reason most consumers elect to refinance. The biggest driver of payment reduction…
Looking for a bad credit mortgage loan? If your credit is not up to par, yes, you can still get a mortgage with hoop jumping. Believe it or not you may even be able to seal the deal even with credit score sub 620. Here’s what to expect… FHA- that’s right, the only program out…
Credit is the biggest hot button topic in mortgage lending by far. Most would probably agree, any time you can raise your credit score to improve your mortgage scenario, take advantage of it. Every situation is different and here’s what to be mindful if your credit needs a little love. There are three different loan…
The information you submit on your mortgage loan application should be incredibly accurate. This includes submitting full legal names and addresses as accurately as possible. Here’s why… Submitting a Loan Application When you apply for a home mortgage loan, your lender inputs the information you provide them for the purposes of procuring credit. This information…
If you have never owned a home before or it’s been a few years since you have, you’re missing out on credit advantages. That’s right, when you buy a home you automatically become more credit worthy. Remember these tips when inking a real estate deal… Recorded Legal Transaction When you rent, you have an agreement…
Conventional loans are crème de la crème of home mortgage market. This loan type offers the best possible terms and fees along sustainable long-term affordability. Little equity and credit blemishes can make your mortgage more pricey. What to know… Conventional Loans Mortgages originated by banks, lenders and brokers across the country and sold on the…