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fha good faith estimates: Good Faith Estimates Explained - Changes for the WORST - Detailed changes - Part 2 of 2 - 03/12/10 11:56 AM
 
Important facts about the New Good Faith Estimate
 
The Main Negatives : The New Good Faith Estimate does not show :
the total monthly payment. It only shows the principal, the taxes, and if mortgage insurance required. the total costs for the entire mortgage. It just shows your total estimated settlement charges, that doesn't include the down payment. a signature & date spot. Yes, this form is suppose to be given to you within 3 business days of applying for a mortgage.  Read about the 6 trigger points that define the mortgage application. Yes, there are methods of tracking … (53 comments)

fha good faith estimates: Good Faith Estimates Explained - FHA Loan Good Faith Estimates - Understanding the whole process - Part 1 of 2 - 02/22/10 12:36 PM
 
Good Faith Estimates Explained
 

 
2010 Good Faith Estimates - Is the new form better?  If so, for whom? Can it be more confusing? What is different from the new Good Faith Estimate than the old Good Faith Estimate?  I will be talking about some of the pros and cons in this post.
Key Point - The new Good Faith Estimate went into effect on January 1st, 2010.  This form is still not 100% clear as of yet, hence why you don't see too many people writing about it. 
Overall, in my personal and professional opinion, I think … (32 comments)

fha good faith estimates: Good Faith Estimates - Knowing & Understanding the Power of the paper!!! - 05/19/09 10:58 AM
 
 
Good Faith Estimates  - Extremely important message below!!!
 

If you are a consumer looking to purchase or refinance, this is a must read. It could cost you thousands if you don't pay attention. This is not a threat, but a warning from someone that has over 16 years of experience in the mortgage industry.
When shopping for a mortgage, even if shopping with more than 2 lenders, you want to get a good faith estimate from everyone that you speak to.
 
 

So, here is my pet peeve.  This is a major red flag -  if you … (64 comments)

fha good faith estimates: FHA Credit Scores & All about FHA loans & mortgages !!!! - 02/24/09 09:11 PM

 
Warning.. Warning…
 
FHA credit scores have changed for the most part. I just had a client tell me the other day that her loan officer, who she knows and trusts, is trying really hard to make the loan work. Okay, so what are your credit scores?  "512/530/548"... rut row.  And they are trying what? Trying hard? At this moment, there are only a few investors that will go below 580. But from what I know, it's really tough under 580. Most lenders are at 620 or above. There are a few at 600 and just a few that … (31 comments)

 
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Jeff Belonger-The FHA Expert - FHA Loans - FHA mortgages - USDA loans - VA Loans

Cherry Hill, NJ

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Social Media - Infinity Home Mortgage Company, Inc

Address: Cherry Hill New Jersey 08034 08002 08003, Haddon Heights New Jersey 08035, Haddonfield, NJ, 08033

Cell Phone: (609) 440-5133

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I just want to educate people about mortgages and the process. In regards to lending, I am very creative, intuitive, honest, and one who communicates information, may it be good or bad. I am a loan officer that looks out for your best interest.







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