William Onye's (willimond) Blog

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Real Estate Agent - Champions Real Estate Group (866)679-6132
RECENT BLOG POSTS
 1. Choose a loan officer. 2. Make a loan application and get preapproved. 3. Determine what you want to pay and select a loan option. 4. Submit to the lender an accepted purchase offer contract. 5. Get an appraisal and title commitment. 6. Obtain funding at closing.  And remember, you don't ...
03/30/2011
Mortgage rates will stay low. Even with rates climbing - maybe to as high as 6 percent by 2012 - they are still well below where they have been historically.▪ Tax cuts could help. Extending the tax cuts could encourage a more rapid recovery for the economy.▪ Americans want to be home owners. A re...
03/27/2011
Talking to the lender, or loan servicer, the company that collects the payments, should be one of your first steps. The earlier you call, the better your chance to work out a solution. Here are some options: Loan Modification. Loan servicers can help you catch up on late payments or amend your mo...
03/25/2011
When find the home you'd like to buy, it's time to make an offer.  Your local real estate association, working with legal counsel, has developed the contracts that are used for transactions in your area. These contracts enable you to specify a sale price and also include many clauses for ...
03/20/2011
Buying your first home is a major step. There's a lot you need to know to make the right decisions - and also to avoid making the wrong ones. And that's particu­larly true in this current buyers' market, when there are so many homes available and sellers have such diverse motivations....
03/15/2011
Here are some warning signs: Sounds too easy. "Guaranteed approval" or "no income verification" regardless of borrower's current employment, credit history, and assets. These claims indicate the lender doesn't care about whether you can afford to make the payments over...
03/09/2011
The best defense against a bad mortgage is avoiding loans that can quickly ratchet up the monthly payment. Mortgages like these can give you a "payment shock": 2/28s and 3/27s. A 2/28 or 3/27 adjustable rate mortgage gives the borrower a fixed payment for the initial two- or three-year ...
03/07/2011
If you are struggling with your home loan and the value of the property is less than the mortgage amount, make sure you explore all options with your servicer, as well as an attorney or a housing counselor. In some cases, REALTORS® can help explain to the lender why it makes sense to sell the pro...
03/06/2011
Talking to the lender, or loan servicer, the company that collects the payments, should be one of your first steps. The earlier you call, the better your chance to work out a solution. Here are some options:  Loan Modification. Loan servicers can help you catch up on late payments or amend your m...
03/03/2011
 For decades, homeownership has benefitted families and communities all over America with greater stability, economic prosperity, safer neighborhoods, better educational opportunities, and even improved health. The recent increase in foreclosures threatens previous gains made in homeownership, as...
03/01/2011
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William Onye

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