mortgage financing: Common Mortgage “D’Oh!”s by DONALD PAYNE,CRS,CDPE
- 08/04/13 09:53 AM
Homer Simpson smacks himself in the forehead every time he says it: D’Oh!!! When it comes to knowing how mortgage basics have shifted in today’s changing banking environment, few homebuyers have kept current enough to avoid meriting that kind of forehead slap. It’s no wonder. The average family delves into the real estate market no more than once every five to seven years, so they don’t worry about getting a mortgage day in and day out. It’s my job as agent to bring clients up to speed throughout the buying process, which often begins and ends with getting a mortgage. … (2 comments)
With all the turmoil in the housing market, it is no wonder the mortgage industry is on alert. Over the past three years all the loan processing systems have been completely revamped to minimize poor performing loans. For the new home buyer it seems like an intrusion into their personal lives, but this process is necessary and here to stay. As a prospective home owner, knowing in advance what information your lender needs and why they need it, can alleviate frustration and prepare you for a smooth application process. Your lender is going to examine three … (5 comments)
Many eager first-time homebuyers were sidelined by the worldwide economic recession. It’s hard to commit to any decision – much less such a major one – when you read almost daily that the market is falling or downward pressure continues. Who needs any kind of pressure?
So it’s not surprising that, after such an exceptionally lengthy period of down or nearly flat economic expansion, the optimism that drives sales of all kind has been slow to reappear. But for the home buying public, and especially for first-timers, that hesitation could prove costly if, as … (1 comments)
For credit-worthy homebuyers, getting a mortgage can be a walk in the park…or a nerve-wracking nightmare. The difference usually has to do with those ubiquitous Credit Reports – the ones TV commercials want to send you for free (at which point they will try to sell you not-so-free monthly services).
Anyone who has ever been stalled just as they reached the final stages of getting a mortgage or refinancing knows that getting mad doesn’t solve anything. But avoiding a last-minute problem is easy to do if you plan ahead. At least six months ahead. We … (8 comments)
Donald Payne, Founder of Vision Realty, has been the REALTOR® of choice for buyers and sellers since 1979. Donald specializes in helping first-time homebuyers, new families, single families and more in Columbus real estate.
Homer Simpson smacks himself in the forehead every time he says it: D’Oh!!! 
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