Blog entries tagged with "loan process":


loan process: Avoid Financial Changes During the Home Loan Process in Indiana - 07/01/08 02:45 PM
Once your loan package has been sent to the lender, there are a number of things you should avoid doing that may change your financial picture. Remember, the lender is looking for stability and consistency. If you want the best interest rate, keep that in mind. Here are a few things … (0 comments)

loan process: The Home Loan Process Lafayette & West Lafayette Indiana - 06/19/08 04:06 PM
 

Organize Your Documents
A properly documented loan application makes your loan process go smoothly. This checklist will help you gather your paperwork.
Complete and sign the residential loan application, Form 1003, and the attached loan info sheet, credit authorization and fair lending notice. Page 5 of the application is … (0 comments)

loan process: Avoid Changes to Your Financial Profile during the Loan Process - 05/18/08 06:36 PM
Once your loan package has been sent to the lender, there are a number of things you should avoid doing that will change your financial picture. Remember, the lender is looking for stability and consistency. If you want the best interest rate, keep that in mind. Here are a few things … (0 comments)

loan process: Homebuyer Seminar In Marysville - 04/26/08 09:29 PM
You're invited to a FREE Homebuyer Seminar.
Dreaming about that new home? Wondering if you can afford it? Afraid of what you hear in the news?
Buying a home is a complex process. Title Insurance - inspections - negotiations - home loans. To help ensure that your home purchase is profitable and problem … (0 comments)

loan process: A 12 Step Guide To Show You What Exactly Goes Into Closing A Home Loan - 02/09/08 06:12 PM
A 12 Step Guide To Show You What Exactly Goes Into Closing A Home Loan
  
1.  Speak with a loan officer to get pre-qualified. Know your options and feel comfortable with them.
2.   Get pre-approved for the loan
3.  If you like my rates and options, make an appointment to come sign your loan application.  … (1 comments)

loan process: Things You COULD DO When Getting a Mortgage - 01/01/08 11:29 PM
Just as there are things to avoid doing during the mortgage process, there are also things to keep doing during the process.  Here's a quick list:DO  continue making your mortgage or rent payments.DO  stay current on all of your existing accounts.DO  keep working at your current employer.DO  keep your same … (1 comments)

loan process: What to Look for in a Real Estate Loan - 09/02/07 09:05 PM
When you decide to buy a house, one of the first tasks is to talk to a couple lenders and choose which lender & loan is best for you. With all the loan variables, it's tough to compare one lender to another. In this blog, we'll go through each of the … (0 comments)

loan process: Buying A Home? Here's A List Of DON'TS! - 08/08/07 02:07 PM
Things to avoid when buying a home
Many new homebuyers make the mistake of rushing out to buy things to fill their home with as soon as the seller accepts their purchase offer and the lender pre-approves their loan. But there are still a few major hurdles to overcome before the keys are … (5 comments)

loan process: DECIDING HOW MUCH HOME YOU CAN AFFORD - 07/18/07 07:00 PM
Deciding how much house you can afford
Before you start house hunting, you need to determine how much house you can afford, which will entail getting either prequalified or preapproved for a home loan. A real estate agent can help you find a mortgage broker to begin the process. While getting preapproved … (6 comments)

loan process: Avoid Changes to Your Financial Profile During the Loan Process - 07/13/07 02:32 PM
Once your loan package has been sent to the lender, there are a number of things you should avoid doing that will change your financial picture. Remember, the lender is looking for stability and consistency. If you want the best interest rate, keep that in mind. Here are a few … (0 comments)

loan process: Rate & Point Lock Letter…………Got To Have One!!! - 07/04/07 05:43 PM
I continue to hear Realtors talk about their Buyers getting to the Closing Table and their Interest Rate is different from what they were originally told.  In a day where information is available at a click of a mouse button this should never happen.  Buyers need to take the time … (64 comments)

loan process: Questions That Loan Officers/Brokers Have To Ask!!! - 05/14/07 09:18 PM
This past week there were at least two blogs written “Another one bits the dust!!!” and “Miami Real Estate Dilemma”, about Closings falling apart at the last minute.  These Closings fell apart because things that should have been addressed on the forth page of the 1003 (Loan Application) in the … (58 comments)

loan process: An Overview of the Loan Process - 04/24/07 10:13 AM
An overview of the loan process
Make no mistake, there's a lot involved in getting a mortgage loan. You wouldn't be here reading my blog if you could fill out a one-page application and get the best loan for you funded the same day. What I do is do most of … (0 comments)

loan process: Your Application is in...Now What? - 04/20/07 03:04 PM
                                           The Loan Process
So, you have applied for your loan and now you are sitting by the phone wondering, "what is going to happen next?"  Most people, (even some agents) don't really know what goes on when they apply for a loan.  Well let's demystify the process so you can walk … (1 comments)

loan process: The Loan Process - 04/07/07 04:31 PM
Many people don't know what really goes on after the initial loan application. While the type of loan you apply for can significantly affect the time you close, most loans have similar rules and closing guidelines. Don't assume that the close of escrow process doesn't matter to you, IT DOES! In … (4 comments)

loan process: Preapproved vs. Prequalified - 03/12/07 11:49 AM
What does is mean to be preapproved?
Being preapproved means applying for a mortgage as if you have already found a house and are ready to buy.  The lender will review your credit report, debt, income, and either approve or reject the loan.  They will also provide you with a letter … (1 comments)

loan process: Communication Could Prove To Be A Problem…..#2 - 01/22/07 09:04 PM
Two months ago I wrote a Post “Communication Could Prove To Be A Problem”, about a hearing impaired Borrower that one of the Realtors that I work with referred me to.  Since then I have communicated with this Borrower several times by e-mail, and we even scheduled three appointments during … (20 comments)

loan process: Strategic Financing: The Solution to Today's Changing Market - 01/15/07 10:12 PM
Interpreting one of the main challenges of today's mortgage market isn't as difficult as it might seem. With interest rates on the rise, a lot of consumers are extremely troubled by the negative effects of increasing interest rates on their Adjustable Rate Mortgages. Each month, they are forced to watch hopelessly … (0 comments)

loan process: My 1st Time Homebuyer List - 01/15/07 04:12 PM
I am sitting here on Martin Luther King, Jr.'s Birthday and wondering - "What do 1st time homebuyers need to Know about the Mortgage Loan Process?"
 
So here you go - My 15 Step List in Chronological Order to Home Ownership: 
GET PRE-APPROVED. Not just prequalified. Pre-Approved means that the Loan Officer has … (39 comments)

loan process: How Purchase Loans Are Made - A Step−By−Step Walkthrough - 01/14/07 04:48 PM
1. Pre-qualification - Lenders are encouraging buyers to get pre-qualified for a mortgage so they'll know in advance how much house they can afford.
2. Loan Search - Although buyers often use a lender recommended by their Real Estate agent, some prefer to do their own comparisons.
3. The Hunt - The buyer … (0 comments)

loan process: My Perfect Loan Process for South Carolina - 01/09/07 04:53 PM
After several months researching the experts, we at First Covenant Mortgage have our Perfect Loan Process that allows all of our Mortgage Loans to be streamlined and remove "dead" time when no progress is made on the file.
How is this different from how we usually do business? I'm glad you asked! … (12 comments)

loan process: CHFA Mortgages………..Great For First Time Homebuyers!!! - 12/21/06 04:51 PM
The Connecticut Housing Finance Authority The (CHFA) is Connecticut’s Premier Mortgage Loan Program for “First Time Homebuyers”.  There have been a few Posts written here on ActiveRain, that have provided some information about different components of the CHFA Loan Program. So I thought it might be beneficial for “First Time Homebuyers” … (31 comments)

loan process: What is Tax Deductible in the Mortgage Process? - 12/19/06 04:53 PM
Answers to more questions. I am sure I may have missed a few points (no pun intended). Please share your tax strategies. I wrotye this to answer some clients questions a couple of years ago.
And away we go... 
Before we get started, please consult with your tax advisor before acting on any … (2 comments)

loan process: 1st Time Homebuyers.........What You Need To Do First!!! - 12/05/06 10:55 PM
Let’s face it, buying a home can cause some anxiety, but it doesn’t have to. The more you understand about the financial aspects of buying a home and the process you’ll go through, the smoother the transaction will go. But that understanding depends upon working with knowledgeable professionals who will … (45 comments)

loan process: How Do I Get A loan? Uno - 11/15/06 08:29 PM
Getting a loan is an integral part of the real estate transaction since very few people have the amount of readily available cash to buy a home without financing. The first step is to fill out a loan application (1003). Once the lender has the borrowers completed application the underwriting process … (3 comments)

loan process: The Top 10 Credit Do's & Don'ts During the Loan Process - 11/04/06 11:53 AM
                                                                                                      
I recently sat through a continuing education course offered here in Portsmouth New Hampshire, on credit scoring and the loan process.  Not being a loan officer, I knew I didn't know it all, but I did find that there were a few things that were a bit enlightening to me.
I … (9 comments)

loan process: The Simplest Steps In The Loan Process Can Cause Major Problems. - 11/03/06 07:35 PM
There are many steps in obtaining a Mortgage Loan, with some of the steps in this process requiring more work than others.
There is the initial taking of the Loan Application, which takes place at the time the borrower is applying for the loan, or at time of a Pre-Approval.A … (11 comments)

loan process: The Stress Of Buying A House - 10/17/06 10:49 PM
Let’s face it, buying or selling a home can be one of the must stressful things that anyone ever goes through in their life. I see this stress every day, and it doesn’t matter what stage of the process they are in.
The seller stresses about whether their house … (28 comments)

loan process: Overview of the Loan Process - 09/08/06 10:37 PM
I guess this is my night to post informative items. I hope this info helps someone in the network.
(2 comments)

 
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