Getting a mortgage is probably largest transaction of your life, no doubt, it will have an impact on your finances for the next 30 years. If you carry consumer liabilities, these unequivocally reduce ability to borrow money. If someone else pays your debt, determining financial responsibly for that party becomes critical. Consumer Obligations What we…
Read MoreAs mortgage rates remain favorable, more consumers are rate savvy and rightfully so. Everybody wants to make sure they’re getting a competitive combination of rate and associated costs in their purchase or refinance loan. Comparing mortgages, doing true apples to apples comparisons can be quite time-consuming and nonetheless labor-intensive. Typical Way Consumers Shop Mortgages Most…
Read MoreI am currently in Florida, in a closing debacle with Suntrust Mortgage and want to cash out our savings and just close the home purchase and be done with the process, then try to recoup funds through some type of refi or home equity product. I have been informed by our realtor of this Delayed…
Read MorePeople thinking they can qualify for mortgage loan financing, learn after their credit report is pulled their credit score has dropped and they either cannot get the interest rate they were hoping for or they cannot in some cases get a mortgage loan at all. Action steps to get your credit score up pay down…
Read MoreFor many, seeking a home loan is an exchange of trust and privacy when it comes to providing a social security number to obtain a credit report. The credit report is one of the foundational pillars mortgage companies use to originate a loan by taking into consideration debt obligations which impact borrowing ability. After reviewing…
Read MoreIn the latest Fed meeting, Ben Bernanke and the Federal Reserve Board announced it will purchase up to $40 billion per month in additional mortgage-backed securities in an effort to further facilitate quantitative easing until the economy begins to improve. Financial markets on September 13, rallied on the news of the government’s intervention to improve…
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