Beyond the 6 Myths of Credit - Scotsman Guide
This article is written for a mortgage professional, not a customer, but it has great information about credit scores, and common myths. Give it a read.
Mortgage borrowers know that they don't know much: Financial News - Yahoo! Finance
Mortgage borrowers know that they don't know much: Financial News - Yahoo! Finance
Please ask questions and lots of them. The past few years have seen loads, and loads of new mortgage products. From reduced documentation, to varied payment options, to products which understand credit scores that are not "excellent".
Even after the closing, no investor wants to foreclose on your home, but if you don't make payments it will happen. Ask for help in getting through your tough spot. Maybe payments could be added at the end, maybe a reduced payment could be accepted, maybe you could be loaned the money to make the payment, maybe a refinance to lower the cost of your payment for a period of time is right. Ask questions.
Please ask questions and lots of them. The past few years have seen loads, and loads of new mortgage products. From reduced documentation, to varied payment options, to products which understand credit scores that are not "excellent".
Even after the closing, no investor wants to foreclose on your home, but if you don't make payments it will happen. Ask for help in getting through your tough spot. Maybe payments could be added at the end, maybe a reduced payment could be accepted, maybe you could be loaned the money to make the payment, maybe a refinance to lower the cost of your payment for a period of time is right. Ask questions.
What is your real estate Hot Button?
Home Search Can Be Impeded By Real Estate Hot Buttons
Buying a house is an emotion driven investment, one in which the heart all too often gets in the way of the sane, straightforward, rational investor each of us knows ourselves to be.
Sometimes buyers (and renters) are very aware of the hot buttons that drive their home search decisions; other times these triggers are buried so deep that they screw up purchase after purchase until the buyer finally realizes that what he thinks he wants isn't really what he does want.
I hope all of the borrowers I work with read this article and think both with their head and their heart while looking for their next home. What we want we feel we need. Or do we?
Reverse mortgage ceiling just got higher - The Boston Globe
Reverse mortgage ceiling just got higher - The Boston Globe
As with regular loans, reverse mortgage loans have similar loan amount limits. Great article on the new limits for 2006 on reverse mortgages.
As with regular loans, reverse mortgage loans have similar loan amount limits. Great article on the new limits for 2006 on reverse mortgages.
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