mortgage: Divorce and the Mortgage - Watch out for your future. - 12/21/06 09:18 PM
When it comes to a divorce you have every right to think about the mortgage. If you don't think that you'd be able to pay the mortgage on the home, then you should not go for the house. If you want to get out of the mortgage you may have some trouble. … (0 comments)
mortgage: Life After Foreclosure - 11/30/06 05:32 AM
Despite the fact traditional mortgage lenders may not have an interest in working with you in the time following foreclosure, rest assured that there is a complete, professional industry of lenders awaiting your call. While many lenders may refer to your situation as ‘credit-challenged', other more creative lenders propose an entirely different and refreshing perspective. … (14 comments)
mortgage: Do’s and Don'ts While Your Loan is in Progress - 07/14/06 10:37 AM
Do'sDO keep originals of all pay stubs, bank statements, and other important financial documentation. Is required to update any documents that are over 30 days old prior to the closing of your mortgage loan (this is required even if your loan is approved). DO provide all documentation for the sale of your … (2 comments)
mortgage: How To Afford A Mortgage - Part 3 - 07/12/06 06:54 AM
ü Finding a Bargain Home One of the clichés of the real estate world is the most important thing to consider when buying a home is "location, location, location." That also applies when trying to find a bargain in a home. Generally it is better to buy a "fixer-upper" in a … (1 comments)
mortgage: How To Afford A Mortgage - Part 2 - 07/12/06 06:49 AM
ü How to Maximize Your Income Most lenders will require that you disclose your income from the previous two years and use this income to qualify you for a mortgage. They will ask for W-2 forms, tax returns, or bank statements to verify the income. The lender will then apply a … (0 comments)
mortgage: How To Afford A Mortgage - Part 1 - 07/11/06 07:31 AM
ü Minimum Cash Requirement The main deterrent in buying a home today is not income or credit requirements but rather finding the necessary funds to cover the initial costs and down payment. Traditionally a 20% down payment is required and in many instances the related closing costs and escrow funds can … (0 comments)
mortgage: SIX THINGS YOUR CREDIT CARD COMPANY HOPES YOU NEVER FIND OUT - 07/11/06 07:22 AM
#1 The average consumer has 4 credit cards, with an average balance per card of $3900 (that’s $15,600 in debt in case you haven’t done the math!) Sure, there’s safety in numbers, but is this the company in which you want to belong. I don’t know about you, but I’d much … (1 comments)
mortgage: DISPUTING DEROGATORY CREDIT - 07/10/06 03:06 PM
Derogatory credit can appear on your borrowers file for a number of reasons. Each scenario is possible, but there are different ways to approach each one. o The consumer may have a common name and have a mixed file with someone else. o They may have had joint accounts with an ex-spouse … (0 comments)
mortgage: The real facts about credit scoring - 07/07/06 02:37 PM
WHAT AFFECTS YOUR CREDIT SCORE? Credit scores are an important factor in mortgage loans but many consumers are unsure of what causes them to receive the score they have. There is an enormous amount of misinformation on the internet! The information you will find here was developed with the help … (0 comments)
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When it comes to a divorce you have every right to think about the mortgage. If you don't think that you'd be able to pay the mortgage on the home, then you should not go for the house. If you want to get out of the mortgage you may have some trouble. … (0 comments)
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