|
| |
steve srein: What Mortgage Lenders Are Looking For - 03/30/09 09:01 AM
Recently an applicant contacted me who is a first time homebuyer. She had no idea where to begin on the loan process. Even if I believe the person will not qualify for a mortgage at this time, I try to educate the person in order to prepare for the future. The following are a few tips I use to help you get started in your quest for a mortgage for your home purchase:There are 5 criteria for mortgage underwriting: We call this E-CASA1. Equity - How much money you will be putting down (down payment). 2. Credit - You will need
(0 comments)
|
steve srein: Why Should I Get A Pre-Approval? I Have Excellent Credit And I Know I Will Qualify! - 03/30/09 08:41 AM
In the last couple of weeks I have heard this question so much! I cannot stress to a homebuyer enough that there is even more of a reason now to get a pre-approval than ever.A gentleman telephoned this week in need of a mortgage for a second home in Florida. He is currently working with a Realtor and he has already obtained a home inspection - meaning he has already spent money out of his own pocket. He stated that he has excellent credit scores (over 800 and that is excellent) and that he won't have a problem getting a mortgage.
(2 comments)
|
|
|
|
|
|
JoAnn Young, Florida REALTOR
Melbourne,
FL
More about me
Exit 1st Class Realty
Address: 4865 N. Wickham Rd, Suite 104, Melbourne, FL, 32940
Cell Phone: (321) 243-4917
Email Me
Links
Archives
|
|
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
© 2012 ActiveRain Corp. All Rights Reserved
