New Lending Requirements - 07/25/08 12:09 PM
New legislation designed to help mortgage lenders Fannie Mae and Freddie Mac will take effect October 2, 2008. Although passed to support the mortgage industry, individual borrowers will find it harder to get loan approval. Lenders will begin requiring higher credit scores and more money down. In addition, interest rates are expected to continue an upward trend. If you have been considering buying a home or property then it's time to jump in the market before it tightens up.
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Get a Second Opinion - 07/11/08 07:04 PM
Okay maybe not a second opinion, but it pays to shop around when it comes to your home. Whether it's homeowners insurance, a mortgage, or even a real estate agent, it pays to shop around. When considering buying a home or property, check more than one lender. Banks and mortgage companies have different products and just because one doesn't qualify you, another may. Or one lender may have a product that is better suited for you than another. This also applies to insurance. Even if you have insurance now, take the time to check around. A few phone calls can save … (0 comments)

 

Kevin Savoie

Slidell, LA

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Keller Williams

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