mortgage tips: Choosing the Right Tittle Company - 12/07/11 12:09 PM
Choosing the right title company is very important.
The title company will:
Check the property's title records and look for any lienns (claims on the property as security for any money that be owed) Check overdue special assessments or other claims or outstanding restrictive convenants files on redord When the title company finds the title free and clear then the company will offer you title insurance as reassurance of a free and clear transfer of the home. Your mortgage lender or broker may suggest a title company or you can ask your real estate agent or your lawyer for good suggestions. A … (0 comments)

mortgage tips: Understanding Property Taxes in Escrow - 12/03/11 12:20 PM
Great Post Rob!
This is some very valuable information for clients and agents. Read this and take some notes for yourself and share them with clients. 
 
Via Rob Spinosa, Home Loan Professional (RPM Mortgage, Mill Valley, CA):
… (0 comments)

mortgage tips: Get Pre-Approved and Tips to Save Cash - 11/25/11 08:53 AM
A pre-approval letter shows the seller and his/her real estate agent that you have been pre-approved by a lender. This letter will show them that you have been approved up to a certain maximum amount. It proves you're able to buy a home and establish your maximum home price so you wont have the urge to get carried away with home you may not be able afford or be aprroved for. 
Try to look into the programs that will save you money. You don't need to pay the private mortgage insurance or even need to put out a lot of cash … (3 comments)

mortgage tips: Find the Best Mortgage Rate and Understand the Terms - 11/25/11 12:09 AM
Whether you decide to go with a broker or contact multiple lenders directly, compares the rates of multiple lenders. Personally, I tell everyong to go with atleast three different lenders. 

How to Find the Best Mortgage Rates:
Consider hiring a mortgage broker or contact each lender directly. Mortgage brokers provided a very useful service in which they do the hard work of calling all the lenders and do the work for you. All lenders will need to get the same information from you and get it through an interview or an application. Save time and go online and fill out … (2 comments)

mortgage tips: Learn the Basics of a Home Loan - 11/24/11 02:43 PM
When applying for a loan learn the basics of home loans. The most traditional home loan is a 30-year fixed rate. Many mortgage programs offer other benefits, such as a lower interest rate or requirements are at a minimal. Try to grasp what you can learn and if you have questions call a real estate agent.

Home Loan Basics:
A mortgage requires you to pay back the principal plus the interest. The principal is the amount of the loan and the interest is the money paid to the lender for their service of borrowing the money. A mortgage is amoritized … (2 comments)

mortgage tips: Learn How to Calculate an Affordable Mortgage Payment - 11/22/11 08:49 AM
When you get approved from a lender it doesn't mean you should take it. Sit down and crunch numbers for your personal financial situation. This can put you in a world of trouble for writing a check your lender can't cash.

Learn It the Right Way:
Gather all of your monthly responsibilites. This includes utilities, credit cards, cell phone, groceries, car payments, insurance, etc. You will need to subtract that amount from your monthly income and this is what you are left with for a mortgage payment. Calculate your debt-to-income ratio. This is the your amount of monthly bills compared … (6 comments)

 
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John Wingate | Salisbury MD Real Estate | 302.339.5185 | Salisbury, MD Homes

Salisbury, MD

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EXIT Shore Realty

Address: 327 Tilghman Rd. Ste. 100 , Salisbury, MD, 21804

Office Phone: (410) 912-0310 x 106

Cell Phone: (302) 339-5185

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