Tag Archives: mortgage

Do you know the difference between being pre-qualifed and pre-approved?

Pre-qualification is not a mortgage approval but simply an estimate of what you can afford. Pre-approval is a bona-fide loan decision based on the applicant’s credit report, verification of income, asset and debt information provided by the customer and information provided during the application. Continue reading

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Looking for reasons to sell your home now? Here they are!

There are 5 great reasons why you should considering selling your home now if you are thinking to do so. This is when your home will get the most exposure, foreclosures and short sales will increase in about 90 days, interest raets have risen over the last six months, qualifying for a mortgage is about to get even more difficult, and, most importantly, it’s time to get on with your life! Continue reading

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Quick Real Estate Tips!

1. Be Ready for the Pre-appointment Appointment In order to best take advantage of the opportunities this year will bring, make sure you are ready to speak real estate at any moment. Whether it is at the food store, the … Continue reading

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We Think We’re Going to Believe Grandpa

There are those currently debating the financial advantages of owning a home. Some are looking at studies and reporting that homeownership has never really been a great investment. One of these people is Jack C. Francis, a former Federal Reserve … Continue reading

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What kind of loan program is best for you?

So what kind of mortgage is best for you? Fixed rate? Adjustable rate? Government loans? The truth is, there is no one correct answer. Given the many different types of loans and term lengths, the choice can be difficult. It is an extremely important choice and you can definitely benefit from research before you make your decision. Some time and effort right now can save you thousands of dollars in the long run. Continue reading

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How does the Self Employed get a Mortgage?

Way back in the olden days, 6-8 years ago, you didn’t even need a job to get a mortgage. Lenders were happy to accommodate applicants who simply claimed to have adequate resources to make payments. Verification wasn’t necessary.
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