Your First Home
Getting ready to buy your first home? Here are some of the key issues to keep in mind…
- APPRAISAL BASICS (1282 downloads)
An appraisal of real estate is the valuation of the rights of ownership. The appraiser must define the rights he intends to appraise.
- ESCROW ACCOUNT BASICS (1012 downloads)
Mortgage escrow accounts are special accounts set up in which money is held to pay for property taxes, fire and hazard insurance premiums, mortgage insurance premiums, and other escrow items. Escrow accounts ensure that these items
- HOMEOWNERS INSURANCE INFORMATION (1003 downloads)
When you insure your home, you should insure your home for the total amount it would cost to rebuild your home if it were destroyed. If you don’t have sufficient insurance, your insurance company may only pay a portion of the cost of
- HOW TO IMPROVE YOUR CREDIT (1428 downloads)
If you have had credit problems, be prepared to discuss them honestly with a mortgage professional. Responsible mortgage professionals know there can be legitimate reasons for credit problems, such as unemployment, illness or other
- SPEED UP THE MORTGAGE PROCESS (1329 downloads)
Once complete, your application will be given to a processor in the mortgage company who will organize your paperwork and may verify your employment, bank balances, and other information. Be sure to respond promptly to requests
- TWO KEY FACTORS IN QUALIFYING FOR A HOME LOAN (1844 downloads)
When a lender makes a decision about a mortgage application, they consider two basic factors: your ability and willingness to repay the loan.
- WHAT MAKES LOW DOWN PAYMENT LOANS POSSIBLE (1467 downloads)
Simply put, mortgage insurance protects the mortgage company against financial loss if a homeowner stops making mortgage payments. Mortgage companies usually require insurance on low down payment loans for protection in the
- YOUR INITIAL MEETING WITH A MORTGAGE PROFESSIONAL (1483 downloads)
The loan approval process generally begins with an initial interview where you and a mortgage professional discuss the potential loan. You will need to send information to us to verify your income and long term debts.