Why overpay for a home by overpaying for a mortgage? My role as a loan officer is to put education at the top of the list for homebuyers & prepare them to get the most value. In 2008 I was awared the NAMP Integrity Seal (ethics & professional commitment to consumers), also received CRMS & CMC designations. Less than 1/2% of all loan officers have achieved these levels of recognition.
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If you are buying or refinancing a condo with less than 25% equity, you may have already felt the pain. Lenders have created another way of covering their backs. Condo mortgages carry at least a 3/4% penalty in closing costs. Borrowing $200,000 and you will pay an extra $1500. If you know thi...
I have read stories where tornadoes have hurled pieces of wood so fast that they have penetrated concrete walls. Too bad the wind coming out of Washington is focused on PORK and RHETORIC and can not focus their energies on making mortgage lending more helpful. There are thousands of homeowners ...
Any suggestions? Any "watch out for this"? I am meeting with someone that is legally blind and wants to apply for a mortgage. The borrower does not read Braile so this is not an option. The borrower has the income and the assets to close. The spouse can see and claims to have a financial powe...