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…
Posts Tagged ‘loan’
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…
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…
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…
Going Reverse On Your Mortgage
Posted by ecreal on October 18th, 2009
Wouldn’t it be nice to spend the later years of your life in comfort, not struggling to pay the next bill? Or if instead of having to pay your mortgage it would pay you? A reverse mortgage may be just what you are looking for!…
What a Relief!
Posted by ecreal on September 20th, 2009
This past April, the government began accepting applications for a homeowner assistance program called Making Home Affordable, or MHA. This program is a $75 billion initiative aimed at keeping homeowners in their homes by making their mortgage payments more affordable. MHA has two plans: the…
Interested in Interest Rates?
Posted by ecreal on September 18th, 2009
Rates are going up. Rates are going down. It feels like a roller coaster! How are these peaks and valleys of interest rates determined? And what can you do to make sure that you get the best rate possible? Knowing the factors involved in their…