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preapproval: Is the Borrower Bonafide? - 05/09/07 11:51 PM
One of my favorite movies, "O Brother Where Art tho?"has a recurring statement by Holly Hunter to George Clooney. While she is married to George Clooney, he's recently escaped from the chain gang and she wants to marry a proper man. She keeps referring to her new love as "Bonafide". He has a real job and is a sure thing. He is genuine.  Responsibility to her children has over-ridden any love or emotion.
Whether you are a Realtor, Home-Buyer or Home-Seller, you have a vested interest in making sure that the offer that is being submitted for the purchase of a property is bonafide.  Traditionally, … (4 comments)

preapproval: When is a Mortgage Pre Approval not a Pre Approval? - 04/24/07 01:18 PM
When is a Mortgage Pre Approval not a Pre Approval?
 
There is a lot of discussion about the need for a pre-approval letter when buying a new home. Most Realtors will not accept an offer on a home without one, and many will not even show a home. But what is a pre-approval letter and is it really any good?
First, we need to look at the difference between a pre-approval letter and a pre-qualification letter. A pre-qualification letter is really just the Loan Officers hunch that the borrowers are good for the loan and that a lender will probably … (10 comments)

 
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Larry Morris, Oregon Mortgages

Sherwood, OR

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HomeStreet Bank

Address: 16200 SW Pacific Highway, Suite Z-3, Tigard, OR, 97224

Office Phone: (503) 639-2459

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Relevant news and information about issues relating to Oregon and Southern Washington mortgages and real estate. These views do not represent the views of HomeStreet Bank. View Larry Morris's profile on LinkedIn

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