Did you know that the average credit score required nowadays to get approved for a loan is 140 points HIGHER today than it was just a few years ago? That’s a lot when you consider that credit only ranges from 100 to 850. One of the most important factors in...
Are you struggling with your monthly mortgage payments? If answered yes, you must try your best to refinance your home loan as this is the best way to get back on your current monthly mortgage payments. Most mortgage loans carry high interest rates and with the...
You have a right to know! When you turn over your personal financial information to a loan officer, make sure you know who you are giving your information to. There are new laws regulating Mortgage Loan Brokers. The new law, 12 CFR Part 226 (Reg Z Docket No. R-1366)...
With the current state of the economy and more particularly, the housing market, it is easy to get lost and confused about the programs available for distressed homeowners. In March, 2009. President Obama introduced the Home Affordable Modification Program in...
Recent Developments Regarding Conforming Loans Media outlets are constantly reporting on the state of the economy, the housing crisis and mortgage defaults and delinquencies. Amidst these reports is the constant use of many terms the average American (homeowner or...
