Tag: mortgage
'Speed Up The Mortgage Process - What Documents To Prepare
'Mortgage Down Payments: How Much You Need To Prepare:
'Mortgage 'Pre-qualification' And 'Pre-approval': Understanding The Difference
EDITOR'S PICKS
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Residents of a Chicago Mobile Home Park To Lose Water Access Days Before Thanksgiving
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Dozens Left Homeless After Apartment Fire Sparks In Durham
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Homebuying 101: 5 Red Flags To Watch Out For
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US Home Prices on the Rise: Here's Where Houses Are the Priciest
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Real Estate: 3 Things To Know Before You Start Investing
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If you're about to buy a home, you might have to consider getting a loan first. Assessing your finances ahead of time will make it easier for you to be taken seriously by mortgage providers. And if you're about to get a mortgage, take note that your debt to income ratio will play a big role in getting an approved mortgage application. -
'Reasons Why A Reverse Mortgage Is A Perfect Idea For Retirees
If you are about to retire, you might wanna consider a reverse mortgage. Reverse mortgage is the type of mortgage that will turn your home equity into cash. Here are some reasons why a reverse mortgage is a good idea: -
'National Mortgage Risk Index Slowly Climbs to Concerning Level
The composite National Mortgage Risk Index (NMRI) for Agency home purchase has increased by 0.8 percent on a year-over-year basis. -
'Mortgage News: Freddie Mac to Buy Loans with Down Payments as Low as Three Percent
Director of the Federal Housing Finance Agency Mel Watt, has instructed his company and Freddie Mac to buy loans with down payments as low as three percent. -
'Dixon Real Estate News: Real Estate Seller Sentenced to Federal Prison for Mortgage Fraud Scheme
Former real estate salesman Hubert Rotteveel was sentenced to three years and four months of imprisonment for one count of mail fraud. Senior U.S. District Judge William B. Shubb passed the sentence last Tuesday. -
'Mortgage Pre-approval Interview Questions You Should Prepare For
Pre approval interview is your next step after you have completed your initial mortgage pre qualification. When meeting with your lender or mortgage advisor, you should prepare yourself with the answers the lender is waiting to hear. You should be able to come out as a person who is fully capable of paying mortgage and not a person who can appear as high risk. Here are some of the questions you should prepare yourself to hear as the lender digs into your financial background: -
'How Much Should You Budget for Closing Costs? Breakdown Of Closing Costs
If you're about to buy your new home, you're probably doing all that you can to save up and budget your income to make sure that you don't encounter any financial difficulties in your purchase. After all, the home's price isn't the only amount that you have to save for. Other expenses that comes with home buying are also some of the things that you should expect to pay for. -
'5 Greatest Fears of Home Buyers
Behind the dream of owning a house are fears that may prevent you from finally making a purchase. Learn how they can be properly addressed. -
'Atlantic City Real Estate: Foreclosure Rates Nearly Four Times the National Average
Atlantic City is now gaining quite a reputation for being the one with the highest foreclosure rate in the United States. -
'Real Estate News: Disbarred Attorney Made Over $1 Million on Real Estate Scam
A disbarred lawyer is being indicted for allegedly making over $1 million in a scam that targeted an investor, potential home buyers, and a title insurance company. -
'Understanding Mortgage Closing Costs
Amusing as it may be, closing costs rose by 6% from last year despite this year's low mortgage rates. This is partly caused by the stricter regulations on loans which increases the costs for banks, and these costs are technically passed on to the consumers. -
'Real Estate: 4 Reasons To Refinance Your Mortgage
Refinancing sounds like a nice idea if you think about the amount of money you can save per month; that should get you a nice car, new furniture, a family vacation, or a fatter savings account. However, it is not as simple as that. Though the low interest rate is tempting, it still doesn't mean that it's the right option for you.