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mortgage process: Mortgage tools for those buying or refinancing....... Understanding Mortgages - 01/25/09 07:08 PM
Shopping for a mortgage when buying your home or refinancing is not as easy as some of you think. First off, you should get yourself pre-qualfied at least 3 to 6 months before you actually go out and look for a home. Especially if your credit is less than perfect.
Secondly, you need to make sure that you are dealing with a mortgage professional. Yes, it's good to be referred to someone. But just a fyi, that doesn't mean that they might be the best for you. I could give you stories. If you don't feel comfortable, it doesn't hurt … (19 comments)
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mortgage process: FHA or Convnetional loans -- The Mortgage Process - Part 3 of 3 - 02/22/08 12:11 AM
The mortgage process, whether you are applying for a FHA mortgage or a convnetional mortgage, the process should not be as difficult as it appears more times than none. After over 15 1/2 years in the mortgage industry, I just don't understand why some loan officers just don't learn the basics, instead of trying to sell rate and fees. They get so caught up in this, oversell the rate and undercut fees, that they lose sight of the service part of the mortgage process. And the basics of knowing what questions to ask.
As I mentioned in Part … (11 comments)
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mortgage process: Good Faith Estimate - Pre-Approved or Pre-Qualified -- The Mortgage Process - Part 2 of 3 - 02/20/08 12:03 PM
The good old Good Faith Estimate.... it could sometimes be your worst enemy, depending on the loan officer and how they actually fill it out.
It doesn't matter if you are applying for a FHA mortgage or a conventional mortgage, all good faith estimates should be accurate. I have seen many loan officers low ball their estimates not only on their points, but on the 3rd party charges. This can make shopping for a mortgage frustrating and more difficult.
I just had a client recently compare my good faith estimate with that of another lender. My title charges were … (13 comments)
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mortgage process: The Explanation of Mortgages : From the beginning of time...... - 08/07/07 09:08 AM
I want to share with you on how mortgages work, how they are sold on the secondary market, and the reason why some of these companies are closing their doors.
We have seen some major changes in the lending industry, more so than ever before. What we need to do is to stay positive, focused, and move forward. But at the same time, explain to the consumer what is happening in the market today, educating everyone on the ins and outs of what a mortgage is and how it works.
Just a few days ago, Kurt Jackson gave us some insight on … (121 comments)
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Jeff Belonger-The FHA Expert - FHA Loans - FHA mortgages - USDA loans - VA Loans
Cherry Hill,
NJ
More about me…
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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