Dora Griffin's Blog

WHO PAYS A MORTGAGE BROKER? As a mortgage broker in Kentucky and Ohio I sometimes am asked "Who pays you?" Or "How do you get paid?" I nearly lost an opportunity for a home loan recently because the buyers thought they had to pay me. We had met and discussed their goals and best products for them...

 WEEKEND LOAN APPROVALS, especially over a holiday weekend are special! One advantage of working with me on a home mortgage is speed. One of my lenders works from early morning to late at night and they don't quit over the weekend. This is a huge advantage in getting mortgage loans closed not onl...

SAVE UP TO $525.00 APPRAISAL FEE ON SELECT PROGRAMS For a limited time (must close by June 30, 2019) you can save up to $525.00 on the appraisal fee for a HOME READY OR HOME POSSIBLE mortgage loan for home purchase in Kentucky and Ohio. Cash to close is often a concern. Home Ready and Home Possib...

SAVE UP TO $525.00 APPRAISAL FEE ON SELECT PROGRAMS For a limited time (must close by June 30, 2019) you can save up to $525.00 on the appraisal fee for a HOME READY OR HOME POSSIBLE mortgage loan for home purchase in Kentucky and Ohio. Cash to close is often a concern. Home Ready and Home Possib...

BUYING A HOME BEFORE SELLING YOUR HOME Buying a home is always something one has to take a minute and decide how to approach, but buying a home when you already own a home can present a different dilemma. Nearly everyone needs clarification about whether they need to sell first or not.  In some c...

Using a Power of Attorney to Buy or Sell a Home When a home buyer or seller is using a power of attorney in Kentucky to buy or sell a home it is important to know what you need exactly to avoid any delays in closing. The title company handling a sale will need the original copy power of attorney....

Locking In A Custom Interest Rate As a mortgage broker I am always looking for ways to offer better product selection, loan processing, closing and rate options, etc. When to lock an interest rate is always a topic we discuss as part of the home mortgage process. Typically rates are quoted in 1/8...

APRIL HOME BUYING CLASS 

Buying a Home - Can I borrow extra funds for repairs? Often someone in the home buying market asks if they can borrow extra funds to repair or upgrade the home. In general the answer is NO. Lenders lend on properties at a maximum loan amount based on the LESSER of the appraised value or sale pric...

BUYING A HOME - CASH IS NOT KING  Okay, if you are paying actual CASH for a property, yes, maybe, cash can be king. However, if you are buying a home using a mortgage loan cash is NOT king.  I'm talking about literal cash here, the kind you just have laying around the house. Part of the home mort...