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Thank you for stopping by our mortgage web site. Even though we have taken special care and consideration to pack this online resource with a wealth of knowledge about the mortgage and real estate process, we want y ...
Simply checking online for today's posted rate may not lead to your expected outcome due to the many factors that can cause each individual rate and closing cost scenario to fluctuate. We can preach communication ...
How much mortgage money can I qualify to borrow? This is typically the number one question mortgage professionals are asked by new clients. Of critical importance when considering mortgage financing: There is sometimes a difference between what a client ***can*** borrow and what they ***should*** borrow. In other words, what makes for a comfortable long-term mortgage payment? The Quick Answer: If we're simply considering the financial math, lenders will calculate your Debt-to-I ... Read More...
A mortgage is generally the largest debt most homeowners have to manage. It's a good idea to give your personal real estate finance portfolio a check-up at least once a year. Since there are many reasons a ho ...
Are You Going To Buy A House?
Someone just asked me:
Tom Fazio, serious question for you -Do you take any special steps to ensure that any "smart" home appliances are smoothly transitioned to the new owners? I'm talking about thermostats, dimmers, etc.
I replied: Did you just buy a house? At closing, sellers turn over house keys, Key fabs, Garage door openers etc. The listing agent should ...
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A note about Collections: Paying off non-medical collections, although this keeps them from being added back into your debt ratio, can actually lower your score. Once a collection is paid off, it will counted as "new" for the last time and will finally start "permanently aging". Now credit score poi ...
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In response to renting to own a home: Someone that will let you rent to own typically will only let you do so for a specific period of time. Renting to own can be a great option if you are positive you will be able to fulfill the terms of the agreement and be able to get a mortgage and close on that ...
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While many experienced real estate agents have a general understanding of the mortgage approval process, there are a few important details that frequently get overlooked which may cause a purchase to be delayed or denied.
New regulation, updated disclosures, appraisal guidelines, mortgage rate pric ...
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Although every situation is unique, it is not uncommon for homebuyers to qualify for a mortgage on a new home while still living in their primary residence.
Perhaps you are outgrowing your current house, or have been forced to relocate due to a job ...
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Most people are surprised to learn what appraisers actually look at when determining the value of a real estate property.
A common misconception homeowners generally have is that the value of their home is determined after the appraiser has completed their physical property inspection.
However, th ...
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Hey, I gave my real estate agent a $5000 Earnest Money Deposit check... Where does that money go?
A basic and very obvious question that most First-Time home Buyers ask once their purchase contract gets accepted.
According to Wikipedia:
Earnest Money - an earnest payment (sometimes called earnest money or simply earnest, or alternatively a good- ...
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Buying a home versus renting is a big decision that takes careful consideration.
While there are several biased sources that can make arguments for or against owning a home, we've found that most home buyers base their ultimate decision on emotion.
Yes, there are some tax advantages of owning real estate, as well as the potential to earn equity ...
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I AM YOUR COMPLETE MORTGAGE SPECIALIST INCLUDING PURCHASE, REFINANCE, REVERSE MORTGAGES, FHA, USDA, CONVENTIONAL AND VA. SERVING YOU FOR 26 YEARS! CALL MY DIRECT LINE: 1 (386) 738-1000