Problems With Your Mortgage? There May be a Short Way Out
For homeowners facing foreclosure, options do exist that can prevent the trauma of losing their home or facing long-term financial loss. We're going to focus on short sales, an alternative to foreclosure for struggling homeowners who do not want to stay in their homes but would also like to avoid the years of potential financial damage that a foreclosure could cause on their credit rating. If you or someone you know are looking for a "short" way out of a mortgage, keep reading and find out if a short sale is a feasible option.
Don't Be Short-Sighted... read more about this blog
You can also visit our website www.OurMortgageLender.com for more information or call 1-866-744-2128 for a free consultation.
Hi, I'm Sonia Rhule, a mortgage banker in Catonsville, Maryland looking to help home sellers who need help with selling their home. I am not a real estate agent, nor want anything from you, I wish to introduce you to some helpful tips to help you sell your home, faster. Click on the link below and enjoy the Free 24-hour recorded information
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Our commitment is unparalleled with regard to embracing ethnic diversity, training, performance reward programs, and career advancement. Over the years, we have developed an environment that supports loyalty and an unyielding focus on customer care, and within that setting we empower employees to make decisions, give feedback to improve the company, and reach their own professional goals and personal dreams.
Career Opportunities
At 1st Continental Mortgage, we pride ourselves on providing employees with the resources to achieve while enjoying significant career advancement opportunities. Our employees thrive in a culture of integrity, empowerment, personal and professional growth, reward and vision. All of which allows them to optimize their true potential. Many of our employees earn incomes well in excess of what they have earned in their past positions.
Many associates say they like the "family" feel of our company. We couldn't be more pleased at their assessment! We like to organize activities and special events to promote camaraderie and thank our employees for a job well done.
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Here is an exciting opportunity for self-motivated individual with entrepreneurial mindset and a desire for a six-figure income with an established direct mortgage lender located in Catonsville MD, licensed in over 20 states.
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When shopping for a mortgage, the general consumer can become confused when viewing the fees lenders charge. Even if you've bought or refinanced several times in the past, it can still be confusing.
It doesn't matter if you are applying for a Conventional, FHA, or VA loan. The Good Faith ESTIMATE (GFE) is very critical when shopping for a mortgage. But you have to be careful because more than 75% of this piece of paper is an ESTIMATE. Some loan officers will cut corners just to make their total estimate look good.
Three things that you want to look for when you first look at your GOOD FAITH ESTIMATE (GFE):
Look at the Loan Program and make sure this is the program that you want or discussed with your Loan officer. If it was an ARM (adjustable rate mortgage) or whatever, it should say so, etc. (found top right of page)
Look at theRate. Make sure this is what you discussed when speaking to your loan officer. (Found towards top, middle of page)
Then the lender fees. Everything in section 801 to 820 would be the lenders fees , the fees the lender has to pay to obtain your loan (such as discount points, flood cert., tax service, wire, underwriting, etc.) which lenders want to recoupe for doing your lolan. Don't ever be fooled if one lenders fee is higher than the other. The bottom line should be your main concern, how much does it totally cost you to do the loan or how much cash is required (downpayment) for the particular loan. If you are unsure which fees can be tax deductible, you may want to speak to your accountant to find out what can be written off. Usually just the points can be written off (so be happy to pay more points). And some lenders make their GFEs seem like there are no fees, but that is impossible -- they're not going to work for nothing or have it cost them. What you may see is a charge on line 808, the mortgage broker fee (if the loan is being brokered to a lender) or it may be a fee to pay down your rate some (which can also be used in the discount points charged. Again check with your accountant if these fees can be written off. Overall, you need to compare apples to apples not oranges!
Conclusion : You can't always shop for total fees., however. Compare the lenders fees the most. In the state of New Jersey, the clients taxes are escrowed every quarter. That means that your taxes are paid every 3 months. But generally you will be reimbursing the seller in regards to the taxes that were already paid for in advance and what the lender will need to escrow. This usually comes out to 4 months that would need to be collected. Know your states requirements. I was being compared to another lender who only used 3 months. He also lowered the title insurance by $300. It's very easy for a loan officer to say at closing, "these aren't my fees, so all I can do is give an estimate." Word of advice, yes, it's an estimate. But if they have been doing this for sometime, they should have a good idea of these other fees. Also, if they don't know, they should be asking the title company or someone else. Lastly, just be careful, because some of these figures are not worth the paper that they are written on. It's just that, an estimate based on good faith. Make sure that you always speak with a Mortgage Professional. Just be careful not to shop yourself right out of the market.
Lastly, if you have 3 good faith estimates in front of you, always go back to the person that you had the best feeling with, that you are comfortable the most with, and share the other 2 with them. Just don't run to the person with the best rate and or fees. I always like my clients to come back to me no matter what. I might be able to point something out to them. And this topic must be discussed when receiving a GFE, otherwise this GFE doesn't mean squat.
Reminder : Don't always compare the APR also. Keep in mind, rates change daily. Don't take a week to shop. And if someone takes more than a half a day to get you a good faith estimate, this might be a red flag or just busy, but if I am not really busy, it would take me a few hours. If I am really busy, less than 24 hours. If it takes a few days, run, don't walk from this individual.
Impossible? NOT FOR THE PRIMARY GROUP AT 1ST CONTINENTAL MORTGAGE - CALL SONIA AT 410-744-7126 TO FIND OUT
AN OFFER YOU CAN'T REFUSE -- DIRECT LENDER - LOW CLOSING COSTS - CHALLENGE CREDIT LOANS-LOW FICO LOANS, 3-HR PREQUALS, 48 HR PRE-APPROVALS, 72-HOUR APPROVALS* !!!
All Mortgage Loan Programs Available: PRIME / SUBPRIME / RESIDENTIAL / COMMERCIAL / FULL-, LOW-, NO-, EASY-, LIMITED-DOC; STATED INCOME -- Community / FHA / VA / CONVENTIONAL Loans! SOME UP TO 100%**
REALTORS: TAKE ADVANTAGE OF THIS SUPER OFFER. YOU'LL BE HAPPY YOU TRIED US! ASK FOR ANYONE OF THE ALSTON TEAM 410-744-1644, 10am-6pm or after hours at 410-598-1250. We're located in Catonsville, MD 21228. COME SEE US TODAY! (Saturdays by appointment)
SPECIAL: RESPOND BY 7/15/08 AND RECEIVE $399 OFF CLOSING COSTS!!
*from time of complete application and all loan docs required. **limited time offer
Impossible? NOT FOR THE GROUP AT 1ST CONTINENTAL MORTGAGE - CALL SONIA AT 410-744-1644 TO FIND OUT
AN OFFER YOU CAN'T REFUSE -- DIRECT LENDER - LOW CLOSING COSTS - CHALLENGE CREDIT LOANS-LOW FICO LOANS, 3-HR PREQUALS, 48 HR PRE-APPROVALS, 72-HOUR APPROVALS* !!!
All Mortgage Loan Programs Available: PRIME / SUBPRIME / RESIDENTIAL / COMMERCIAL / FULL-, LOW-, NO-, EASY-, LIMITED-DOC; STATED INCOME -- Community / FHA / VA / CONVENTIONAL Loans! SOME UP TO 100%**
REALTORS: TAKE ADVANTAGE OF THIS SUPER OFFER. YOU'LL BE HAPPY YOU TRIED US! ASK FOR ANYONE OF THE ALSTON TEAM 410-744-1644, 10am-6pm or after hours at 410-598-1250. We're located in Catonsville, MD 21228. COME SEE US TODAY! (Saturdays by appointment)
*from time of complete application and all loan docs required. **limited time offer
AN OFFER YOU CAN'T REFUSE -- We're running a FLAT LENDER FEE SPECIAL OF $795! That's Right! A flat fee! YOU CAN'T BEAT THAT! 24-HOUR APPROVALS !!!
All Mortgage Loan Programs Available: PRIME / SUBPRIME / RESIDENTIAL / COMMERCIAL / FULL-, LOW-, NO-, EASY-, LIMITED-DOC; STATED INCOME -- Community / FHA / VA / CONVENTIONAL Loans! UP TO 100% LTV (some programs)
REALTORS YOU'VE GOT TO TAKE ADVANTAGE OF THIS SUPER SALE, WHILE IT'S AVAILABLE. In this market when 100% LTV loans are hard to get, GET YOUR BORROWERS IN ON OUR SPECIAL! CALL OUR OFFICE TODAY FOR A PREQUALIFICATION. 24-HOUR APPROVALS. YOU'LL BE GLAD YOU DID. ASK FOR TONY OR SONIA at Primary 410-744-1644 or after hours at 443-744-7178. We're located at 5710 Executive Dr., #107, Beltway West Corporate Center Suite 107, Catonsville, MD 21228. COME SEE US TODAY! (Open some Saturdays)
Have you been a victim of the subprime regeneration? Are your loans going down the tubes? Are the guidelines becoming almost unbearable to handle? Well, you're not the only one. With many lenders and brokers going out of business, with the mortgage market restructuring, we have been able to stay in the loop. Want to share your ideas with me here and see if we're in the same boat?
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
. Just be careful not to shop yourself right out of the market. 
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