home loan: What Happens When Your Mortgage Loan is Sold? - 08/22/12 09:03 AM
If you thought keeping on top of your mortgage was difficult enough already, just wait until it is sold and a new company is demanding loan payments from you ...
Is it Normal for My Mortgage Loan to be Sold? You were careful and even meticulous about shopping for a home loan - and screening mortgage brokers - to make sure that you got a good deal and that you were getting a loan from a reputable company. So after all that, could they just turn around and sell your mortgage loan to someone you have never heard of?Absolutely, and it … (2 comments)

home loan: How to Get a Mortgage With a Low Credit Score - 06/22/12 02:20 AM
The current combination of low mortgage rates and rock bottom home prices means there has never been a more attractive time to buy a home, but do you even have a shot if your credit isn’t perfect?
Is My Credit Score Really That Bad?
A few years ago you could walk into a mortgage broker’s office and get a home loan with a credit score in the 500s, but those days seem to be long gone. Many loan programs demand at least a 680 credit score today, and if you don’t have at least a 620, don’t expect a call back. … (3 comments)

home loan: The Lowdown on First-Time Homebuyer Programs - 05/18/12 08:49 AM
Are there still any first-time homebuyer loan programs out there?
How do you spot the fakes, qualify for the good ones and uncover hidden programs that can get you into your dream home with no money down?
First-Time Homebuyer Programs: Myth or Miracle Loans? If you’ve done any preliminary home shopping at all or have browsed the Internet for loan options, you may have seen many advertisements promising amazing mortgage deals specially tailored to first-time homebuyers. Just to burst your bubble, the truth is that most of these loans aren’t any different than the rest of the mortgage options out there. … (2 comments)

home loan: 7 Loan Modification Myths Busted - 05/11/12 07:54 AM
Struggling to keep up with home loan payments? Watch out for these common loan modification myths that could put you in an even worse position than you are now.
1. You Must Work Directly With Your Lender Homeowners are increasingly being pressured to work directly with their mortgage lenders in order to obtain loan modifications, but it isn’t required. In fact, many borrowers complain that their lenders simply won’t deal with them. You must be careful about whom you deal with, but there are counselors, attorneys and third party loan modification companies out there too.
2. It’s Easier & Cheaper to … (3 comments)

 
Eric Proulx (RealEstate.com)

Eric Proulx

Kirkland, WA

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