fbpx

Shopping for a mortgage: How can I be sure I’m comparing apples to apples?

Once you are satisfied that you are working with a top-quality professional mortgage advisor, here are the rules and secrets you must know to “shop” effectively. First, IF IT SEEMS TOO GOOD TO BE TRUE, IT PROBABLY IS. But you didn’t really need us to tell you that, did you? Mortgage money and interest rates […]

Shopping for a mortgage: How can I be sure I’m comparing apples to apples? Read More »

Where does the money come from for the loan?

Here’s a good question we’re asked all the time: Where does the money come from for the loan? And here’s the answer: Mortgage lending operates under three distinct models: Mortgage Brokers, Mortgage Bankers and Retail Banks. 1. Mortgage Brokers are much like independent insurance agents — they have access to many different lenders and many different

Where does the money come from for the loan? Read More »

How Loan Modifications are Affecting Credit Reports and Scores

Just over a year ago, the Obama Administration’s $75 billion mortgage modification program went into effect, a response to the first year of “The Great Recession,” where nearly two million Americans lost their homes through foreclosure, short sales, and deeds in lieu of foreclosure. An effort to rescue homeowners teetering on the brink of disclosure,

How Loan Modifications are Affecting Credit Reports and Scores Read More »

Getting Ready for Closing and Finalizing The Deal

Pre-Closing Preparation As the date of the closing draws near, you will need to make contact with the closing attorney and your mortgage lender to ensure that all the necessary documents are being prepared. A few days before the closing on your new home, you will need to contact your utility services such as electricity,

Getting Ready for Closing and Finalizing The Deal Read More »

When Do I Need a Home Inspection?

So your offer has been accepted! Now it’s time for the property to be inspected.  A property inspection,  HVAC inspection and environmental (asbestos, mold, radon) test should be completed to ensure that the property meets or exceeds the standards as stated in the Purchase and Sale Contract. If there are issues or discrepancies exposed, you

When Do I Need a Home Inspection? Read More »

Real Estate Agents | What Are Their Obligations

About Real Estate Agency One of the most common misconceptions that is shared by a large number of home buyers is that when working with a Real Estate Agent, he or she will “automatically” represent you as a buyer. As we will discuss, unless this is specifically disclosed in writing, in all probability the Agent

Real Estate Agents | What Are Their Obligations Read More »

Using A Realtor vs. Finding A Home On Your Own

Advantages of Using a Real Estate Agent When you start to consider whether to purchase your first home, one of the first questions that comes to mind is, should I use a Real Estate Agent? Although it is certainly possible to do it on your own, there are several more compelling reasons to use an

Using A Realtor vs. Finding A Home On Your Own Read More »