Mortgages can be confusing at times. Sometimes making feel like you are jumping out of a plane without a chute. It doesn't help when some loan officers don't take the time to walk you through the process. One piece of advice, no matter if you are purchasing or refinancing, but if it takes a full day to get a good faith estimate from a lender, this is usually a red flag. Unless they tell you that they are just busy. And by sharing some of these well written blogs, it might give you some good insight to as what to look for when shopping for a mortgage.
If you are shopping for a mortgage, what do you look for online? If you come across an article or a blog on a certain topic, do you read the whole thing? After half way down, do you go to something else, not knowing that you might have missed some good information? Do you know the difference between a conventional, FHA, VA, or a subprime loan?
Mortgage Knowledge at its Best shared by Jeff Belonger. I just wanted to share with you some great mortgage related blogs that I have found in the last month as I have searched the internet. Some of these might be very beneficial for you, depending on where you are in your home buying process or if you are just refinancing. And do you know if you are getting good advice. Well, let me help you with some other mortgage professionals who know their stuff.
- You Can Buy A Home, with No Money Down, for A Disabled Family Member, and Not Have to Live In It by : Aaron Gordon This is an excellent post for those individuals that are disabled and or who have family members / relatives that are disabled.
- Are builders violating RESPA with using in house Lending? by : Gary Miljour For those of you buying from a builder, please beware. It usually sounds like a great deal, but not usually. I have been a builder's preferred lnder before and I still offered very competitive financing options. But this is usually not the case. Don't hesitate to shop around with at least 2 other lenders.
- Mortgage Advice for Hurricane Season by : Matthew Blum For those of you that are usually in the path of a hurricane during hurricane season, this is some great advice when purchasing a home and sometimes refinancing.
- Cut mortgage payment in half upon retirement by : Jack Guttentag of Inman News This article talks about the options of paying down your principal or investing the money into a higher rate of return. Good article for those that thinking that paying down your mortgage quickly is a great option, when it might not be.
- Foreclosure Tips -- How to avoid foreclosure..... by : Jeff Belonger If you are finding yourself in financial trouble with your current mortgage, this is a must read.
- Mortgage Loan Fees Are Real. (really!!) by : Tom Burris This post is excellent because too many consumers listen to their friends, family, neighbors, and co-workers. If you are not sure, get 1 or 2 more quotes. But always try and get a referral from a trusted person, but not their advice on how mortgages work. Leave this up to the professionals.
- Red Tape Still Holds Back FHA by : FHAbook.com This author tries to make it clear that many lenders can't offer FHA loans to their clients because it can be expensive and a lot of paper work to be approved FHA. Does this hurt the consumer? yes!! Because you might not be getting the best loan program which could be costly for you. Make sure your lender is FHA approved.
- Escrow Pitfalls with Property Taxes by : Leah Ross Some great information to keep in mind about your property taxes when buying a home, especially new construction.
- Clouding The Issues by : William Archambault Bill discusses that educating the consumer is so important. In my opinion, it's very underrated in this business. Be careful on who you shop with. Ask questions. If answers take a while, this should be a red flag.
Here are some articles explaining and giving you better insight to what has happened in the mortgage industry this year and especially more so in the last several weeks. Some of these articles can give you a better education and understanding of how a mortgage works.
Why Economic Principles (Common Sense) Always Prevail (Eventually) by : Tony Gallegos
American Home Mortgage: The Story Behind the Story by : Kurt Jackson
Secondary Marketing or what happens when your investor doesn't lock your loan! by : Bob Mitchell
The Explanation of Mortgages : From the beginning of time...... by : Jeff Belonger
The Mortgage Tax Act of 2007 by : Brian Brady
Mortgage Market Meltdown - The Saga Continues by : Robert Ashby
Some of these individuals above can be my competition. But I believe in educating the consumer and I would rather have the help of some true professionals in this business helping me. I will be publishing 10-15 mortgage articles twice a month. If you think you have one that might fit, please e-mail it to jbelonger@nationalfuturemortgage.com Or if you ever think you need some help with your mortgage or have questions, please don't hesitate to e-mail me.
Monthly Mortgage Reviews :
Mortgage related topics -- How to have fun with mortgages...... -- 07/18/07
Mortgage Gems -- Blogs to better understand mortgages -- 08/01/07
Mortgage Loans & Topics -- Knowing what is out there -- 08/15/07
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For more information on FHA cash out refinancing, please go to this link. The FHA Expert
For more information on how you can obtain your dream home, please click here : Mortgage Financing Options
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