Being a good neighbor and community member really should be second nature for most people. For all of those teachers, firefighters, law enforcement officers, and emergency medical workers who are upstanding members of the community, do they get rewarded for their kindness? They do get…
Archive for the ‘mortgage’ Category
Good Neighbor Rewards
Posted by mmetz on February 7th, 2010
The Return of Assistance?
Posted by ecreal on December 20th, 2009
We could all use a little assistance now and then for things like washing dishes and jump-starting a car. How about some assistance making a down payment on a house? This might sound like a bigger favor than an extra hand with the dishes, but…
In Good Faith
Posted by ecreal on December 14th, 2009
Effective January 1, 2010, all loan applications must use a new Good Faith Estimate form in order to be accepted. The Real Estate Settlement Procedures Act (RESPA) requires all mortgage lenders to provide you with a Good Faith Estimate for your mortgage loan. This form…
Home Preservation
Posted by gtong on December 8th, 2009
You bought your home a couple of years ago, and with the economy in the slumps, you’re having trouble with your mortgage payments. You might be one of many homeowners that have found themselves in a tight bind trying to look for another loan while…
Deed For Lease
Posted by gtong on November 30th, 2009
The housing market is in poor shape. home foreclosures are at an all time high, and there are even more foreclosures on the way. The housing industry is taking a huge hit with all of these foreclosed houses flooding the market, and it has many…
Saving For Home
Posted by ecreal on November 29th, 2009
Have you always dreamed of buying a house, but can’t seem to save the money for it? Before you lose hope in ever being able to afford a house, evaluate your lifestyle to see if there are any major spending obstacles standing in the way…
Should I Refi?
Posted by ecreal on November 21st, 2009
Maybe you noticed that mortgage rates have dropped and are tempted to refinance your current loan (as thoughts of the money you could save dance through your head). But is refinancing a good idea for you? Will it actually save you money in the end?…
Faster Than Your Average Lender
Posted by ecreal on November 16th, 2009
Time is of the essence. This phrase seems especially relevant in today’s mortgage industry. The J.D. Power and Associates 2009 Primary Mortgage Origination Satisfaction Study(SM) recently revealed a decline in overall customer satisfaction compared to that of 2008. This has been largely attributed to the increase…
What Is A Prepayment Penalty?
Posted by ecreal on November 14th, 2009
Maybe you have heard the term ‘prepayment penalty’ used before but aren’t quite sure what it means. A prepayment penalty is defined as extra fees that may be due if you pay off your loan early by refinancing the loan or by selling the home.…
Closing the Deal
Posted by ecreal on November 9th, 2009
The exciting part about buying a home is actually getting to the point where you can wrap your fingers around the hard metal keys to your new house. Closing on a home is very satisfying. You feel the reality set in that this house is…