Dora Griffin's Blog

Pre approved for a loan?  You want to be sure to heed these three warnings. When you pay off some debt the line of credit is often closed which  may result in a drop in scores. Applying for new credit can drop your score, especially if you open the new line of credit. New credit can also reduce y...

SAME DAY HOME LOAN APPROVALS Same day home loan approvals do happen. I have them happen quite often, and yesterday it was less than thirty minutes after I submitted a file.   The key to a quick turn around in underwriting a home loan is the quality of the submission. The quality of the submission...

                                        IS NOW A GOOD TIME TO REFINANCE? Is now a good time to refinance is an age old question we don't hear as much these days because rates have been at lows not imagined until now. However, it is a question a home owner should always ask themselves. Generally i...

Home Loan Shopping, Read the Fine Print Prior to Covid 19 I did in person home buying classes throughout the year. We cover a lot of info which I do by phone now, but one important point I always make is to always read the fine print when home loan shopping. Lenders are going to advertise their b...

Thanks for your candor! I have spoken with several folks over the last few months about home financing. Quite a few of them contacted me because they have seen advertisements that interest rates are at all time lows. Some of them tell me the rates they are seeing and ask if it is really true, mos...

Why Borrowers Get Spam After Their Credit Is Pulled A borrower needs a mortgage to purchase a home. They contact the mortgage broker or bank they want to work with, apply for a mortgage loan, have their credit pulled, and boom! they start getting spam calls out of the blue asking if they are buyi...

How The Pandemic Changed My Mortgage Business Each day we learn something new about the Covid-19 virus. This week we are learning whereas the first case was thought to be in 2020 the virus was actually with us months earlier in 2019. I, like many, know people, several family members to be exact w...

The Benefit of Seller Paid Closing Costs Did you know seller's often pay part or all of a buyer's closing costs and prepaid items?  In our Northern Kentucky and Ohio market they do. Now more than ever this can be a benefit to the buyer because we for the time being are in a very different world o...

Mortgage Lending Guidelines & Corona Virus The arrival of the Corona virus has changed our lives significantly and it should come as no surprise that it has changed the mortgage lending world. Not only has it changed the interest rate market for refinance and purchase loans but it has changed at ...

UNEMPLOYED? PUTTING YOUR HOME BUYING ON HOLD Our country is experiencing something it has never gone through before. Over the last few years we've experienced a shortage of homes for home buyers. Now with the the corona virus how many folks will put their homes on the market? Will it create an ev...