What is a credit score?Your credit score is a three-digit number ranging from 300 to 850. These numbers are often referred to as your FICO score(Fair Isaac and Company). FICO is actually the name of the
They are a thing of the past and maybe of the future again. They are the loans that got many into trouble and made them lose their homes. Rather than a lender checking to see if a buyer really makes the income they claim, they didn't ask for verification and required no documentation to prove the income - No Doc Loan. The lenders don't do them anymore, but they will again some day in the4 future. They stopped issuing No Docs in the late 80's but allowed them again in the 90's.... more
The same process as a conventional loan. The only deviation is a lender needs to acquire an fha case number.
Feel free to give me a call or email.
Cell: 847.867.5998... more
Refinance now for big savingsTake advantage of historically low interest rates and save big money by refinancing now.By Jennifer Berry | Yahoo! Homes – Fri, May 3, 2013 4:58 PM EDTYahoo! Homes/Photo:
The two most important things that Lenders look at are your record of paying bills, and your ability to pay future bills:
How likely are you to continue to pay your obligations, and,
The sources for your money to pay them.
If you have lots of money in investments and savings, you could get by, but they generally want you to have a job; a continuous influx of money.... more
I am a Mortgage Banker in TX on an average brokers will charge 1-3% based on the level of difficulty or as Bankers we charge a flat fee to process & underwrite the loan(less than $1K) and make money by servicing or selling the loan on the secondary market
Bank Of England
(972) 646-2411... more
if you are not paying cash 1st speak to a mortgage person
then speak to an attorney to change the deed and do the closing 1st you have the mortgage.
if you have more questions
feel free to contact me if your property is in NJ... more
Buying real estate is usually the biggest purchase most of us make in our lives. You can only decide for yourself if paying $2,000/month is within your means, and will allow you to maintain the standard of living you have or would like to have. One advice I would give to a first time home buyer looking at condos and communities is to decide what amenities are important to them or not. Living in a building/community with a swimming pool and tennis courts (for instance) is nice, but if you're not into either one of those, it will just cost you money in a form of higher common charges. Finally, for those having jitters about making a purchase: you are already paying a mortgage as a renter - it's just someone else's mortgage.... more
In 2007, the Mortgage Debt Relief Act was passed in an attempt to help the millions of homeowners who, due to the housing crisis and economic crash, suddenly found themselves in danger of losing their
Hello Xdreem18, perhaps these sites can give your husband encouragement or direction; http://www.novinite.com/finart/mortgage/physician_mortgage_loan.html, www.ExclusivePhysicianLoans.com , http://forums.studentdoctor.net/showthread.php?t=598552, good luck.... more
Seller financing can be a win-win situation for both the buyer and seller in a real-estate transaction. As long as the contract is legal and both sides honor their obligations, both parties will find that
NOW IS THE TIME TO BUY !The Forecast for the interest on conventional mortgages has increased volatility and uncertainty. Mortgage rates are near the lowest level they have been n the last 40+ years,
Selling a home, very much like buying a home, can be an expensive procedure. First-time sellers often do not realize the extent of the costs that they may face. Educated sellers who have done their research
It amazes me that most people I speak with are under the impression that banks are reluctant to give out mortgages. Let me set the record straight. As a real estate sales person I have yet to find