home mortgages: Pre-Aprroved vs Pre-Qualified. Which Is Best?
- 03/20/17 09:41 AM
Why a Pre-Qualification letter is what you need to make the best and strongest offer to a seller. There is a lot of confusion when it comes to getting a mortgage these days. Realtors ask are you Pre-Approved or are you Pre-Qualified. So what's the difference? Aren't they the same thing? No they are not. Good listing agents will coach their sellers on the differences and here's why. Pre-Approval: The borrower has spoke with a loan originator on the phone. The Loan Originator, or LO asks a series of questions such as, what is your annual income, what are your debits, … (2 comments)
home mortgages: New Government Loan Settlement Program
- 02/13/12 08:39 AM
The New Loan Settlement Program Underwater home owners will have to wait months to know whether they qualify for part of the $26 billion mortgage settlement from the Federal Government.With many government agencies involved including the Justice Dept.there will be lots of red tape. Here is a website that should answer basic questions nationalmortgagesettlement.com Anyone looking for a quick fix will be very disappointed. It may as long as 3 years to even find out if you qualify. Who is potentially eligible? The first requirement is your current loan must be with one of the following banks; Ally, B Of A, Citibank, … (1 comments)
home mortgages: 3 Things to Do To Obtain a Home loan
- 11/27/10 07:15 AM
Getting a Home Loan in 3 Easy Steps Take a look at your financial situation and shop around before you apply for a mortgage. Looking for a mortgage is definitely the first step towards buying a residence and possibly the most daunting, particularly if you aren't well prepared. Once a uncomplicated task that meant evaluating fixed rates from among perhaps a dozens of or fewer savings as well as mortgage companies, the home finance loan search today is actually like finding your way through a maze. Right now there are dozens of mortgage types as well as hundreds of loan … (3 comments)
home mortgages: Tips About Reverse Mortgages
- 10/07/10 02:02 PM
Tips About Reverse Mortgages In Fort Worth Texas Increasingly, strapped Senior homeowners are opting to get a "reverse mortgage," financing against a house's value that is repaid when the borrower dies or sells the home. The amount of federally insured reverse mortgages issued to seniors in the past three years alone - nearly 335,000- is more than the total from 1990 through 2006. Consumer advocates have long cautioned that reverse mortgages should be used as a last resort for their high fees. Now, those warnings are growing louder as a result of spate of fraud. I personally think they are a … (2 comments)
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Why a Pre-Qualification letter is what you need to make the best and strongest offer to a seller.
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