How Do I Get My Credit Score on the Right Path?
Published September 29, 2015 5205 Views
In order to be pre-approved for a mortgage YOU MUST HAVE A CREDIT SCORE between 640-850. If your score is lower than this then the following actions can be taken in order to achieve this score: No late payments on any existing accounts (especially in the last 12 months). TIME HEALS EVERYTHING!...
What's the Difference Between a Banker & Broker?
Published August 19, 2015 5128 Views
Generally speaking, you have three types of professionals to choose from when seeking mortgage financing Retail Bank Broker Mortgage Banker Wide variety of programs Possibly Possibly Multiple investors Limited...
Protecting Your Information From Unwanted Solicitation
Published July 29, 2015 2862 Views
A few years ago the major credit reporting agencies (Equifax, Experian and Trans Union) started a program whereby they would sell the names of people who had their credit checked (to buy a car, obtain a mortgage, etc.) to other third party entities that may provide a similar product or service. Maj...
What NOT to do When Buying A House
Published July 1, 2015 3372 Views
We've said this before but it really bears repeating. Pay close attention and your road to mortgage financing and refinancing will go a lot smoother! If you've been approved for a mortgage it generally means you've got great credit and that lenders are eager to loan you the funds necessary to pur...
Time is Money
Published May 28, 2015 3505 Views
The Problem As the owner of a mortgage bank, the most common complaint I hear about buying a house is the excessive amount of documentation required to obtain mortgage financing. The new laws governing mortgages and money laundering seem endless and the sheer volume of the paperwork needlessly sl...
So You Think You Bought a House?
Published March 31, 2015 3461 Views
You find the house of your dreams, your agent writes an offer and the seller accepts it. You think you've bought a house but in some cases you have not. Your offer will have contingencies that protect you, the buyer, such as engineer's inspection, mortgage contingency, transfer of existing property...
How to Prepare for Buying a Home
Published January 29, 2015 3136 Views
Here's a list of some steps you need to take before you get into "home buying mode". First, you should know that you will need a credit score of at least 640 in order to qualify for a mortgage. If your score falls below that threshold, here are a few things you can do to improve it over the long ter...
3% Down Conventional Loans
Published December 31, 2014 4190 Views
This exciting program is designed for low-to-moderate-income homebuyers. It provides significant flexibility in credit guidelines for borrowers with limited cash resources! It is a fixed rate program available for a 30 year fully amortized term. PERFECT FOR FIRST-TIME HOMEBUYERS! UNLIMITED G...
Why It's Still A Good Time to Buy and Sell in the Winter
Published November 26, 2014 3535 Views
It seems that there is a misnomer that you should always wait to buy and sell a house once the spring market arrives, which is when the 'peak' season of real estate exists in the North East. Just because there may be some snow on the ground, doesn't mean you should just hunker down and wait. There a...
What You Need to Know About Buying a Home
Published September 3, 2014 4536 Views
Buying a house is a memorable experience, and knowing what to expect will help you in your journey. We've outlined the most common steps in buying a home including details that you will find useful as you proceed in the process. What happens after you've found your perfect home? Apply for a...
