Mortgage Appraisals

The Appraisal

The Appraisal In The Mortgage Process One of the first steps in obtaining a mortgage loan is getting the appraisal. The appraisal is an independent report completed to determine the subject properties value. If you […]

Closing Costs Explained

Closing Costs Explained When purchasing or refinancing a home, you will undoubtedly run into a complex list of closing costs. These costs can range from ten dollars to thousands of dollars. So how do you […]

Conventional vs FHA Mortgages

FHA VS Conventional Mortgage

FHA vs Conventional Mortgage Loans FHA and Conventional mortgages have different advantages and disadvantages. Mortgage lenders have reduced minimum credit score requirements for the FHA’s popular 3.5% downpayment loan; and, Fannie Mae and Freddie Mac […]

The Cost of Waiting

Interest Rates Won’t be This Low for Long Waiting to buy a house could be costing you money. Homeownership has significant financial benefits, and yet, for the first time in 50 years, we have more […]

Credit Scores Could Rise Next Month!

Starting next month, you might notice a boost to your credit score. Here’s what you need to know. Credit Score: What’s Changing? Beginning today, the three major credit bureaus – Experian, Equifax and TransUnion – […]

How Long Does it Take to Close a Mortgage Loan?

  This is such a common question, I decided to write this article to help any potential home buyers. It is very common to have a new consultation scheduled with a an upset borrower because […]

Mortgage “Advisors”

More and more loan officers are presenting themselves as “trusted mortgage advisor” and “mortgage planners.” Unfortunately, there are no standards in the industry for these terms. Disregarding titles, it is important for anyone making this […]

The Four Elements of Home Financing

With all the complexity surrounding home loans, it is helpful to understand what a bank looks at while approving your loan. There are 4 key elements to a mortgage approval. Credit Your credit report helps […]

Mortgage Documents

What Documents Do I Need to Get a Home Loan?

Mortgage lenders require paperwork that verifies every facet of your financial life: income, debts, assets and more. It may seem overwhelming at some points during the loan process. Do not get discouraged in your journey […]