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home purchase: How Purchase Loans Are Made: A Step-By-Step Walkthrough
- 11/23/09 02:29 AM
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home purchase: How Much Money Should You Borrow?
- 11/17/09 04:21 AM
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home purchase: Stop Paying Your Landlord's Mortgage!
- 10/21/09 12:41 AM
It's staggering when you think about the cost of living, especially if you're a renter and not a home owner. If you are currently paying $1,000 a month for rented housing, then over the next three years, your property management company will effectively have reaped $36,000 of your hard earned cash! You're paying their mortgage when you could be building equity in your own property.What if I don't have the money to buy a home right now?There are many loan programs available that offer low and no down payment options. Some programs permit gift money as a down payment, and often … (7 comments)
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home purchase: Buying a Home in Hammonton NJ: How Much Money Should You Borrow?
- 09/09/09 03:19 AM
Karl PeidlLincoln Mortgage Company251 Bellevue Avenue, Suite 102 Hammonton, NJ 08037© Copyright 2009. All About News, Inc.
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home purchase: Buying A Home in Hammonton NJ: Quick Tips for Getting Started on Your Home Purchase
- 08/28/09 07:24 AM
Karl PeidlLincoln Mortgage Company251 Bellevue Avenue, Suite 102 Hammonton, NJ 08037© Copyright 2009. All About News, Inc.
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home purchase: The Art of Home Purchase Negotiation
- 04/09/09 09:14 AM
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home purchase: Stop Paying Your Landlord's Mortgage!
- 01/07/09 04:49 AM
It's staggering when you think about the cost of living, especially if you're a renter and not a home owner. If you are currently paying $1,000 a month for rented housing, then over the next three years, your property management company will effectively have reaped $36,000 of your hard earned cash! You're paying their mortgage when you could be building equity in your own property.What if I don't have the money to buy a home right now?There are many loan programs available that offer low and no down payment options. Some programs permit gift money as a down payment, and … (2 comments)
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home purchase: Quick Tips for Getting Started on Your Home Purchase
- 01/02/09 08:05 AM
Quick Tips for Getting Started on Your Home Purchase
Buying a home can be a complex process, but it doesn't have to be. With a little preparation, you can save a lot of time and hassle by having all of your documents ready when your mortgage professional needs them.To start with, the lender will need personal information to verify employment for you and your co-borrower (if there is one). They will also need information regarding all of your debts and assets.In order to expedite the paperwork process, start gathering the following items:
Most recent paystubs for one month.
W2s from … (0 comments)
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home purchase: Why Now Is A Great Time To Buy A Home
- 12/23/08 02:31 AM
For quite some time I have been hearing people offer their theories as to when we will hit the bottom of the housing market. So many are trying to time things just right so they can get the best possible deal. The reality is that we will not know when we've hit the bottom until after that time has passed. Only then will we be able to look back and point at a specific moment as being the bottom. Today we saw two economic reports released that illustrate why this is such a great time to buy a home.
Existing … (0 comments)
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home purchase: People Can Still Buy Houses
- 10/09/08 06:21 AM
I received a call today from a customer I had not heard from in 8 months. He had contacted me originally about helping his dad buy a home. The last few times I had called him in February he did not return my calls, so I moved on.
Today he calls me out of the blue. He wants to know if his dad still qualifies for 100% financing and what the rate would be now that the Fed cut rates yesterday. First, I had to explain about the death of 100% financing. Second, I had to explain that even though the … (26 comments)
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home purchase: Getting Ready to Move? Here's a Checklist!
- 09/25/08 01:46 AM
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home purchase: Why Rent: Advantages of Home Ownership
- 09/22/08 03:28 AM
It's staggering when you think about the cost of living, especially if you're a renter and not a home owner. If you are currently paying $1,000 a month for rented housing, over the next three years your property management company will effectively have reaped $36,000 of your hard earned cash. In most cases, you know your rent will go up every year, even if you live in an area that has rent control regulations. You're paying the mortgage for the property owner, when you could be building equity in your own real estate investment.The tax deductions available to homeowners vary, … (0 comments)
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home purchase: Understanding the Home Appraisal Process
- 09/19/08 01:22 AM
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home purchase: The Difference Between Pre-Qualification and Pre-Approval
- 09/12/08 03:28 AM
The Difference Between Pre-Qualification and Pre-Approval
Pre-qualification is the first step in obtaining mortgage financing. A potential borrower answers a few questions to provide the loan consultant with a quick snapshot of the borrower's income, existing debt, accumulated savings and whether or not there is a co-borrower. Signature(s) allow the loan consultant to run a credit report and begin to determine what loans are good candidates for this particular client. However, there are literally thousands of loan programs available. It is important for the loan professional to know the long-term financial objectives of the prospective homeowner.Pre-approval is a written documentation that … (0 comments)
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home purchase: The Art of Home Purchase Negotiation
- 09/11/08 02:41 AM
There is much give and take involved in negotiating a property purchase. That's why it's important to have a checklist of what you want to get out of the deal as a buyer. Bear in mind, the home must be appraised and the lender will be looking at the fair market value on a given property. Since property values fluctuate, your Real Estate Agent should do a comparative market analysis so you are aware of what the trends are for the area in which you are shopping. This will give you an idea as to whether the seller's asking price … (0 comments)
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home purchase: What Lenders Look for in Home Loan Applications
- 08/21/08 01:21 AM
Once your loan application is filled out and sent to the lender for review, the first thing they will look for is your ability to payback the loan you are requesting. My team and I have a streamlined loan process to help you get your ducks in a row prior to this review. A grand slam loan package is in perfect order and answers all the important questions up front. We know what the lenders are looking for, based on long-term relationships with them and extensive knowledge of guidelines for a multitude of loan programs that are available today.What is the … (9 comments)
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home purchase: The Cost Of Buying A Home Is About To Get More Expensive
- 08/13/08 08:16 AM
Earlier this year, as part of the "Mortgage Meltdown", Fannie Mae and Freddie Mac instituted what they call Loan Level Price Adjustments. The basic concept is that borrowers getting a mortgage may be subjected to a higher cost depending on their credit score and loan-to-value(LTV). The lower the credit score and/or the higher the LTV, the more it would cost to borrower money. This cost could be passed along in the form of higher closing costs and/or higher interest rates. They broke down credit scores into 20 point ranges and LTV into 5% ranges. Depending on which box you fall into … (1 comments)
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home purchase: Choosing the Right Real Estate Agent
- 08/13/08 02:16 AM
Choosing the right person to represent you in negotiating your home purchase is a major decision. Whenever you see the designation of REALTOR® (with a registered trademark) you can rest assured that person is a member of the NATIONAL ASSOCIATION OF REALTORS® (NAR), and has a commitment to meeting the standards of the organization. My team and I have a network of professionals that have done a great job for our clients in the past, and we can provide you with a referral to a qualified representative, and pre-approval to shop as a cash buyer.How will you know which REALTOR® is … (0 comments)
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