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home financing: Loan Pre-Qualification vs Loan Pre-Approval - 11/05/08 04:03 PM
Do you know the difference between being pre-qualified and pre-approved for a home loan?  There's a very important distinction, which can make or break a home deal for a buyer or seller.  This means your loan application has actually been through an underwriter, and all they're waiting on is the exact property...so when you do find that perfect home, financing piece should be a snap (unless, of course, something negative has happened with your finances in between).  As a home buyer, you need to be pre-APPROVED for a loan; as a seller, you need to make sure your buyer is pre-approved.    To … (0 comments)

home financing: Check Your Credit Report - 10/25/08 11:13 PM
Fellow Consumers,
I wanted to take a moment to emphasize the importance of checking your credit report at least once a year because you never know what might be there.  Just in the last couple weeks I have been considering buying a home, and I started talking with our in-house mortgage consultant.  I told her I had a great credit and that I didn't have any adverse information.  Well, guess what!  Four (yes, four) recent, derogatory (yet erroneous) entries were on my report that prevented her from getting me approved for a loan.  I was stunned to say the least.  Luckily, I've … (2 comments)

 

Kimberly Daeger, Realtor

Dayton, OH

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Real Living Realty Services, Inc

Cell Phone: (937) 545-6294

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