In Part 1 of the post, “Mortgage Anatomy 101″ … the Current Mortgage Process“ … I detailed much of what happens in the initial portion of your mortgage process. In Part 2, I will continue to dig deeper into the mortgage process and touch upon your mortgage file’s submission into Underwriting, the Underwriting itself, and then Loan Approval. At this portion of […]
Mortgage Anatomy 101, the Current Mortgage Process, Part 2″ Read More »
I’ve been receiving more and more inquiries from young potential Home Buyers as of late. That’s reason for celebration, as I believe now is a great time to enter the housing market. With home prices still affordable and interest rates so low, there truly is a golden opportunity for young Buyers. But with the growing number of young Buyers, I am
Credit: Who Needs It? Why is it Important? How do you Establish it? Read More »
Gene offers excellent advice on how to manage your credit before it becomes a problem. It’s not hard to find advice on a full-range of credit issues today. Experts (or so called experts) are everywhere. So I find that most of my clients come to me already understanding that credit scores are very important … and growing more so each day.
Credit and Credit Management: Reasons to Pay Attention to Both Read More »
Don’t Accidentally Start a Fire Install a Fire Detector Within Your Contracts From start to finish … the dates and chronology of a Real Estate Contract have become increasingly important to the outcome of the transaction. This is certainly true here in my Will County, IL housing market, as well as across the nation.
Don’t Accidentally Start a Fire When Applying for a Mortgage Read More »
I liken Interest Rates to onions in more than a couple of ways. Much like onions, Interest Rates have “layers”. In today’s mortgage financing, a Mortgage Lender must weigh all the facts, then peel away “layers” of information and data to find and reveal the answers to your Interest Rate questions. And right now with Interest Rates being at historic lows (but rising
The Not so Simple Task of Quoting Interest Rates Read More »
Many recent indicators I’ve seen, heard, and experienced seem to point to more positives regarding the conducting of Short Sale property transactions. They’re fitting the pieces of the Short Sale puzzle together a bit faster and better. Major servicers (big banks) finally seem a bit better equipped, more willing to avoid foreclosure expenses, and more
Short Sales: The Road to Easier Navigation & Successful Transaction Read More »
Now, of course, these are loaded questions. I always hesitate to give per square foot prices because they vary so much and for so many different reasons…as you’ll see. So, for example, taking hardwood flooring – the cost depends on what species and grade of hardwood. It depends on whether it’s solid or engineered. It depends on
How much does flooring cost? Which types cost more? Which cost less? Read More »
Words … That’s all clients hear, if they don’t understand themeaning of the words being used or thrown at them. And that leads to frustration, lack of action, confusion, and loss of interest … something totally and completely maddening, plus a waste of time, should you be the potential client. They MAY be hearing ya, but you’re not getting
Terminology to Help you Navigate your Los Angeles Home Buying and Mortgage Transaction Read More »
So You Think SIZE Matters?? Okay … Okay … get your mind outta the gutter! I’m talking about the SIZE of your mortgage! Yesterday, I had to explain this important detail to yet another person involved within a mortgage transaction I am working on. This time, a seller. Mistakenly, they thought because the
Do you Think the Size of your Los Angeles Mortgage Matters? Read More »
Recently I was reviewing a credit report with a prospective homebuyer. After going over a few different pieces of information together, we began to talk about differing mortgage programs available to him for his home purchase. It’s fair to say, that this young man’s credit scores were … well, shall I say, “challenged”? They were close to
