Real estate blog entries tagged with mortgages by Low Rate Mortgages - Mobile Alabama, Low Rate Home Loans, Mobile Alabama (PrimeLending Mobile Al )

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mortgages: When should I lock my Interest Rate - 10/21/09 07:10 AM

Locking your rate means committing to a specific loan program and structure at a specific interest rate for a specific period of time. As long as you close your loan before the expiration of that lock, we are committed to honoring the terms of that loan regardless of market activity. Rates … (2 comments)

mortgages: A few reminders before you close on your loan. - 09/14/08 03:16 PM

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mortgages: Avoid Predictable Mortgage Scams - 09/12/08 04:52 PM

"Bad credit? No problem!"
Unscrupulous mortgage brokers and lenders use lines like this to aggressively target families and steal their single largest source of wealth-home equity. As families work hard to build wealth through homeownership, abusive loans can quickly sabotage their progress and even push them into foreclosure. Predatory lending is … (0 comments)

mortgages: Down Payment Loans and Gifts - 09/11/08 01:43 PM

Loans and gifts can help with your down payment but you can not use this strategy for all loan programs. The most popular program for this tactic is the Federal Housing Administration or FHA. FHA allows 100% gift funds for your down payment. The gift can be from any relative or … (1 comments)

mortgages: Don’t Move Money Around- in the Mortgage Process - 09/11/08 01:37 PM

The source of funds for your down payment and closing costs is a high level concern for lenders when they review your loan package for approval.

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mortgages: Frequently Asked Mortgage Questions - 09/11/08 08:06 AM

1. What is Prequalification? Prequalification is the process of determining what price a home can be purchased by a prospective buyer. 2. My real estate agent recommended that I get a commitment letter. What is a commitment letter, and why should I get one? A commitment letter is given by the … (0 comments)

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