The Difference Between Beign Pre-Qualified and Pre-Approved - 01/17/08 11:46 AM
The Difference Between Being Pre-Qualified and Pre-Approved
Pre-qualification vs. pre-approval. These are two terms that get thrown around far too much. There is a great difference between the two, and it's time we explain the difference and what they mean to you as a borrower. If someone tells you that you're pre-qualified, … (0 comments)
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Pick Your Real Estate Agent Very Wisely! - 01/17/08 11:19 AM
**Click here to see the original post on wealthwithmortgage.com**
Let's face it, when you are looking to buy or sell real estate, you have PLENTY of options on who to work with (1,700 or so in Des Moines.. no, I'm NOT kidding!). This is why I think this is a post that … (0 comments)
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Get Off The Sidelines and See What You're Missing! - 01/17/08 11:14 AM
**Click here to see the original post on wealthwithmortgage.com**
I want to put a stop to the wait and see mentality (not being reckless, but being strategic). Here's my beef - there is always a reason not to do something. The thing most of us miss is measuring the risk of the … (0 comments)
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Des Moines Market Watch 1/7/08 - 1/13/2008 - 01/17/08 11:12 AM
**Click here to see the original post on wealthwithmorgage.com**
Numbers are extremely important to consider when buying, selling and financing a home. Each week I receive a summary of the market activity in my email and I find these statistics very valuable. Even though I cannot personally sell or help you purchase … (0 comments)
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Make Your Lender Pay Your Mortgage Insurance - 01/17/08 11:08 AM
**Click Here to See The Original Post on wealthwithmortgage.com**
If you're considering to finance over 80% of the purchase price (or appraised value on a refinance) of a home, you'll want to know how you can do it. You may believe the myth that you must carry private mortgage insurance (PMI). The good … (0 comments)
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Countrywide Sells to Bank of America - 01/17/08 11:03 AM
**Click Here to See the Original Post on wealthwithmortgage.com**
The rumors are true. Early this morning an official announcement was made that Bank of America will be purchasing Countrywide for $4 Billion. Reactions are mixed, but most are saying this is very good for Countrywide stock holders and a good buy for … (1 comments)
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The Why Behind Private Mortgage Insurance - 01/17/08 11:00 AM
**Click here for the original post on wealthwithmortgage.com**
Let's start out by turning the tables here and putting you in the position of a bank. Say someone comes to you and wants to borrow money on a house. They say want to put borrow 100% and put absolutely no money down. They've … (0 comments)
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Want a Quick Credit Score Boost? - 01/17/08 10:57 AM
**Click here to go to the original post at wealthwithmortgage.com**
Have you ever received a credit card offer in the mail?
"You're Pre-Approved! 0% for 18 Months, Transfer Your Balances Today! No Closing Cost Refinance! "
Perhaps the question should be how many of these offers do you recieve each day? You better believe … (0 comments)
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FHA Modernization Bill - S. 2338 - 01/17/08 10:54 AM
**Click Here to go to the Orignial post on wealthwithmortgage.com**
As lending guidelines continue to tighten, the government has made their move in helping. On December 14th, the senate passed the 'FHA Modernization Bill of 2007'. The bill is targeted to help extend credit to more Americans that need it. With subprime … (0 comments)
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How is Your Credit Score Calculated? - 01/17/08 10:50 AM
**Click here to go to the original post on wealthwithmortgage.com**
It's been established that your credit score is a very important component to your personal profile. To refresh your memory, your credit score influences the following (and more):
Employment Insurance Interest Rates on Debt Qualifying for Loans Renting an Apartment Opening a Checking/Savings AccountIt's … (0 comments)
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When and How is PMI Tax Deductible? - 01/01/08 11:36 PM
Good news to those who have recently obtained or plan on obtaining a loan with private mortgage insurance! IF you qualify, that mortgage insurance premium you're paying is tax deductible through the year 2010!
Newly passed by congress, the mortgage insurance deduction will be extended to 2010.
Do you qualify? Here are … (4 comments)
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Your Credit Score Is Going To Change, Do You Want To Know Why? - 01/01/08 11:33 PM
Credit scores have and always been a very important part to our life. Like it or not this three digit score decides many things for you such as (but not limited to):- Employment Opportunities- Insurance Costs- Interest Rates You Pay - Being Approved For a Loan or Credit Cards- Renting an … (5 comments)
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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)
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