buying: What you should know about Down Payment Assistance - 07/26/16 05:04 AM
Down Payment Assistance (DPA) is a program offered by many “non-profit” institutions and government entities that provides First Time Homebuyers and non-First Time Homebuyers money to be used to pay for the Down Payment or Closing Costs and Prepaid Items necessary in buying a home. In most cases, the type of loans associated with DPA are government backed loans (FHA, VA), Fannie Mae’s HomeReady Program and Freddie Mac’s HomeSteps Program. There are thousands of companies and government entities offering DPA programs:
  
         Loan Officers tend to pre-qualify a person without taking into account the guideline requirements of DPA programs. Make sure … (2 comments)

buying: Do I Really Need A Realtor? - 06/21/16 05:54 AM
As a Loan Officer, I'm usually asked or told:
 
 
1. "Why do I need a Realtor if I can find things myself?"
2. "How much will a Realtor cost me?"
3. "The seller said I can get a better price if I don't use a Realtor."
 
1. Not everything is found online. The Realtor database is larger than what you find online.
2. In almost all cases, as a Buyer or Renter, the Seller or Rentor pays the Realtor fees.
3. In almost all cases, the seller will sell the house to you for more than it is worth. The small percentage of commission paid to the Realtor … (0 comments)

buying: What You Should Know About Disputed Credit Accounts - 01/21/16 04:12 AM
If a buyer has an account that he thinks was reported erroneously, he can file a dispute to the credit bureau and request that it be investigated and/or removed. In some cases, the account may have the wrong balance or it may not belong to the person. The credit bureau agency (Equifax, TransUnion or Experian) sends the disputed information to the Creditor who has 30 days to investigate the account and make the update, otherwise the account must be deleted from the credit file.   
One reason for delaying the pre-qualification of a buyer is due to a disputed credit account. If … (1 comments)

 
Bill Polack, Bilingual Spanish Loan Officer in Southeast US. (First Option Mortgage)

Bill Polack

Bilingual Spanish Loan Officer in Southeast US.

Suwanee, GA

More about me…

First Option Mortgage

Mobile: (404) 644 - 3295

Office: (404) 644 - 3295

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