Posts Tagged ‘mortgage’
Most People Choose the Wrong Reverse Mortgage Product Because They are Misinformed
COMPLETE GUIDE TO REVERSE MORTGAGE CHOICES Reverse Mortgage Blunders and Myths: Most Loan agents are putting borrowers into the WRONG products THE DEVIL IS IN THE DETAILS: HERE ARE THE DETAILS Discussed here is which product is the right one for you out of all the choices. The answer may surprise you. A wrong choice…
Read MoreIf You Have Not Sold a Property Using a Reverse Mortgage, You Are Missing A Huge Market
If You Have Not Sold a Property Using a Reverse Mortgage, You Are Missing A Huge Market Myth: You Didn’t List a Senior’s Home Because they Couldn’t Afford to Sell because of Bad Credit, lack of Equity or Poor Income: So, you looked into selling, or downsizing, for your client and told them they were…
Read MoreUnderstanding Conventional & Government Mortgage Products & The Choices Involved
Understanding Conventional & Government Mortgage Products & The Choices Involved The mortgage industry, and its terms, can be extremely confusing. Understanding mortgage products is important before entering into a purchase transaction. Things are slightly different for refinance loans which will not be covered here. In general, the terms of a mortgage (rate, mortgage insurance and…
Read MoreMortgage Financing for Manufactured & Mobile Homes: The Different Lending Rules
Mortgage Financing for Manufactured and Mobile Homes: The Different Lending Rules Manufactured and mobile home financing is a special niche of home financing and fall into the category of factory built homes. Factory built homes are prefabricated homes built offsite and then are delivered to the site by truck. Both manufactured homes and mobile homes…
Read MoreWhy Are Mortgage Rates Rising So Much?
Why Are Mortgage Rates Rising So Much? The Federal Reserve Bank and Interest Rate Increases The Federal Reserve Bank have raised interest rates 10 times in the last year, the most dramatic increase in the last 15 years. The reason for this is tied primarily to inflation. Inflation is at a 20 year high and…
Read MoreTips To Getting Your Mortgage Approved
8 Costly Mistakes That Could Delay or Even Kill Your Deal… If you follow these guidelines you will have a much better chance of getting approved and not delaying the close of escrow. Never take your own loan application. Many companies tell you to fill out an applicaition on their website or by mail. NEVER…
Read MoreSellers Loophole: How to Assume a Seller’s Low Mortgage Interest Rate Without a Formal Assumption
Sellers Loophole: How to Assume a Seller’s Low Mortgage Interest Rate Without a Formal Assumption This powerful tool can turn your languishing listing into a hot commodity. Here is how it works. As a seller you may be sitting on an interest rate that is 3.5% or lower on your present mortgage. There is therefore…
Read MoreHow High of a Fico Score Do I Need to Get the Best Mortgage Rate?
How High of a Fico Score Do I Need to Get the Best Mortgage Rate? Not All Fico Scores Are the Same … Mortgage Lending Scores are Different. Credit scoring is quite complicated and deceptive in the mortgage market and a low score, as opposed to excellent score, can affect one’s interest rate as much…
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