Scenario: First time buyer purchasing a condo. 20% down payment. Good Income. Good Credit. An all-around strong buyer. PROBLEM: He spoke to ‘his bank’ and was told, …
Why Use a QUALIFIED Certified Mortgage Planning Specialist®? Ask This Client!
Scenario: Borrower recently divorced. For over ten years, she’s managed the house and raised her children. She hasn’t worked outside the home since her children were born. …
Scammers Once Again Robbing Home Buyers of Closing Costs
Almost two years ago, I published an article (New Scam Targets Realtors and Home Buyers) explaining hackers’ latest scam to defraud home buyers of their closing costs. The Federal Trade …
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Might Big Banks Exit The Mortgage Business?
There are strong indications that banks are pulling back from residential mortgage lending to such an extent that non-banks (mortgage brokers and mortgage bankers) may be the only ones …
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Title Insurance: 5 Things Every Homebuyer And Mortgage Refinancer Should Know!
Title work is an integral part of every real estate transaction, whether a purchase or refinance. Traditionally, the borrower’s real estate attorney or the lender chooses the title company. However, …
The Ten Commandments
The following Ten Commandments When Buying a Home or Applying for a Mortgage has been circulating online for many years. It has been published and republished by many real estate companies …
