Tips for Getting Around the Mortgage Lender Runaround

Once you have a mortgage, you want to know that your loan servicer will respond to your inquiries or requests. Unfortunately, that’s not always the case. Thousands of complaints are filed against mortgage lenders every year for lack of communication and/or help with...

Mortgage Rates Rise So Do Mortgage Applications

With the rise of mortgage rates comes a higher volume of mortgage applications, latest weekly surveys made separately by Freddie Mac and the Mortgage Bankers Association confirmed. On the mortgage rate side, the 30-year fixed mortgage rate increased for the first time...

Searching for Down Payment Money Outside Your Own Pocket

We know how exciting it is to get the first set of keys to your very own house. But before you get there, you must get past one struggle that is common to most people who want to become homeowners  — the down payment.The mortgage down payment is an essential element...

The Best Way to Get a Competitive Interest Rate

What’s the largest factor you think about when shopping for a mortgage? If you said the interest rate, you are like most other borrowers. Even ¼ to ½ of a change in the interest rate can have a dramatic effect on your payment. It’s no wonder you want the lowest...

Qualifying for a Conventional Mortgage Is More Secure With Truncated Asset Account Numbers

The release of Desktop Underwriter® Version 10.1 means more convenience for borrowers applying for conventional loans, cutting back on appraisals, project reviews, and self-employment income requirements. Not only that, Fannie Mae allows for shortened or truncated...

The Best Way to Get a Competitive Interest Rate

What’s the largest factor you think about when shopping for a mortgage? If you said the interest rate, you are like most other borrowers. Even ¼ to ½ of a change in the interest rate can have a dramatic effect on your payment. It’s no wonder you want the lowest...

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Why do You Need a Realtor for a New Construction Home?

Building your own home from the ground up is exciting. You get to choose many aspects of the home right from the start that you otherwise could not do with an existing home. Remember, however, it is still a home purchase and possibly one of the largest investments you...

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How to Refinance Your VA Loan With Bad Credit

If you have a VA loan now, you may have a way to refinance it even if you have bad credit.Compare Offers from Several Mortgage Lenders.Typically, lenders require you to have a minimum credit score in order to qualify for a refinance. It makes sense since the lender...

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