Purchase of New Primary Residence
- APPRAISAL BASICS (364 downloads)
An appraisal of real estate is the valuation of the rights of ownership. The appraiser must define the rights he intends to appraise. - CHANGES TO PRIMARY RESIDENCE CAPITAL GAINS REGULATIONS (358 downloads)
The “American Housing Rescue and Foreclosure Prevention Act of 2008″ (the Housing Act) was signed into law by the President on July 30, 2008. The purpose of the Act is to shore up the housing - HOMEOWNERS INSURANCE INFORMATION (281 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 (420 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 - RELOCATION CONSIDERATIONS (263 downloads)
Consider this common scenario faced by many employees: Your supervisor calls you into her office on a Friday afternoon and asks you to transfer to the New Jersey office. She says the new job includes a $10,000 increase in salary, and - SPEED UP THE MORTGAGE PROCESS (375 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 (588 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 (403 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 (430 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.