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There are essentially two ways to get a mortgage. The first being a "purchase money mortgage" that is obtained when buying a property; having an attorney representation is highly recommended. The second situation is a "refinance mortgage" that is obtained when you already own the property and are ta...

The Mortgage Process There are quite a few things that go on behind the scenes after you have applied for a mortgage. We thought you might like to know a bit about them: Processing During processing, the loan file is examined to ensure that all information is complete and accurate and meets t...

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!...

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...

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...

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...

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...

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...

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...

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...