prequalification for mortgage: Are Easier Financing Requirements Ahead?
- 11/25/14 01:36 PM
Are Easier Financing Requirements Ahead? Recently (and I'd say somewhat unceremoniously given the importance and need for the announcement), Fannie Mae and Freddie Mac announced the easing of Financing Guidelines ... including the news that they're bringing back the 3% Down Payment - Conventional Mortgage. Good news, no doubt about it. But even more changes are needed ... Mortgage Lenders and Agents (and the public) are still anxiously awaiting the much-needed relief demanded to relax the tougher standards that came as a result of the housing recession/crisis that arrived in the mid-2000's. A crisis from (50 comments)
A Recipe for Disaster: Entering your Mortgage Transaction "Flying by the Seat of your Pants" Have you ever heard the old saying "flying by the seat of your pants"? I sense that's exactly what some of my potential clients are doing when they first talk to me about buying and financing a home. It's like the idea of Buying a Home dawned on them in the middle of the night in the middle of some dream. In this day and age of more challenging housing and financing markets, it's not wise to be "flying by (14 comments)
prequalification for mortgage: The Modern Mortgage and Mortgage Process are Much Like a Fingerprint or Snowflake ... No Two are Alike
- 07/17/13 02:17 PM
The Modern Mortgage and Mortgage Process are Much Like a Fingerprint or Snowflake ... No Two are Alike Yesterday, I received a call from a First-Time Home Buyer. During that call, my young caller's inquisitiveness and enthusiasm ran high. He peppered me with question after question regarding Mortgages and the Mortgage Process. And I loved every single minute of it. The questions he asked covered a wide range of topics and went into quite a bit of detail. He'd obviously prepared ahead of time for the call. Everything from Mortgage programs ... to the value of (10 comments)
Being Pre-Qualified for your Mortgage Financing doesn't have to be Scarey. Eliminate the Fear Factor Even after reading only a few of my mortgage posts, you'll probably pick-up on this recurring theme ... the importance of being prepared for your mortgage processing. I feel strongly that whether you're in the infant stage of your pursuit, further along and actively seeking a property and financing for that home, or heading to the Closing itself, your success is dependent to an unbelievably large degree on how well prepared you are. (12 comments)
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