mortgage process: Home Financing: What to Know When Talking About A Loan - 02/01/16 03:02 AM
Common Financing Terms
Pre Qualification: This means that you have been provided an estimate of what a sort of loan you can expect to obtain based on your credit score and what’s currently available. It is a good idea to get a prequalification letter to take with you on your house hunt.
Pre Approval: This means you have been approved for the loan that you have applied for. There is a time limit for the approval in which the terms quoted are guaranteed.
Locked In: This means that you have a certain interest rate if you acquire the loan within a certain … (0 comments)

mortgage process: Choosing A Lender? Borrow Locally! - 02/28/13 04:39 AM
Financing a home is the largest transaction most Americans will make in their lives. The first time buyer can have lots of questions about the mortgage process. Choosing a lender is one of the most important aspects of this decision. There are many lending options available to buyers - online lenders, national banks, credit unions and more, it can be overwhelming.
Our office recommends that you deal with a local lender.  Not only are they friendly and accessible but most of their policies are designed for rural real estate. It may surprise you that many of the above options will … (8 comments)

mortgage process: Buyers Beware: Top 5 Closing Delays - 11/22/11 05:58 AM
Buyers Beware: Top 5 Closing Delays
Everyone is anxious to close on their first home but many are amazed when they run into delays - first the lenders and the inspections, then the holidays roll around…..you find yourself thinking what's next….TIME, it can kill a deal like nothing else!
1. Problems with Lenders – This can happen for a number of reasons, ranging from underwriter delays and appraisals not coming in as expected. Find out up front, anything that you may need to provide to your lende so that they are not missing paperwork and you can avoid as many delays as … (13 comments)

mortgage process: Saturday flowers and comments on mortgage applications - 05/28/11 02:31 AM
 
Roy, has some great tips on the documents lenders will need to begin the mortgage process. I'm sure this will save many new buyers future headaches. 
Plus, he and his wife are excellent photographers and they share some of their beautiful floral photos.
I hope you enjoy!
 
 
Saturday flowers and comments on mortgage applications
What documents are needed for a mortgage application?  Mortgage lenders will request at least two months of pay stubs and bank statements.  The underwriters will also want to review federal tax returns for 2009 and 2010 as well as W-2's and 401(k) statements. If … (0 comments)

mortgage process: So, You've Got A Loan Approval.....Now Let's Keep It! - 01/17/11 02:17 AM
Getting through the Mortgage Process....APPROVED!!
You've found the perfect home, you've made an offer, and you've completed your loan paperwork….you're almost there! Just don't drop the ball now – follow these rules to ensure a touchdown for your entire family!!  You know your credit has been alright to this point, but now let's talk about keeping it that way throughout the mortgage process.


1.       Don't apply for new credit of any form:   And when I say any—I mean ANY!!  Most, banks pull your credit just before closing and every credit inquiry pulls your credit score down or you … (10 comments)

 
Larry Atkins, Veteran Owned & Operated (State Wide Realty Co.)

Larry Atkins

Veteran Owned & Operated

Farmville, VA

More about me…

State Wide Realty Co.

Address: 311 E. Third St., Farmville, Va, 23901

Office: (434) 392-6163

Fax: (434) 392-3546



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