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Special Agents Realty > News > 2009 > October

October 27, 2009

Land Contract
Land Contract An alternative to a non-conforming loan is the use of a land contract, which is allowed in some states. A land contract is an agreement between a buyer and a seller, where the buyer agrees to make period...
Posted by: Linda Bagley
Categories: Mortgage Info
October 27, 2009

The No-Cost Thirty Year Fixed Rate Mortgage
The No-Cost Thirty Year Fixed Rate Mortgage There really is no such thing as a “no-cost” mortgage loan. There are always costs, such as appraisal fees, escrow fees, title insurance fees, document fees, pro...
Posted by: Linda Bagley
Categories: Mortgage Info
October 27, 2009

The Advantages of Different Types of Mortgage Lenders
The Advantages of Different Types of Mortgage Lenders What kind of lender is “best?” If you ask a loan officer, “What kind of lender is best?” it is going to be whatever kind of company he work...
Posted by: Linda Bagley
Categories: Mortgage Info
October 27, 2009

Types of Mortgage Lenders
Types of Mortgage Lenders Mortgage Bankers Mortgage Bankers are lenders that are large enough to originate loans and create pools of loans which they sell directly to Fannie Mae, Freddie Mac, Ginnie Mae, jumbo loan in...
Posted by: Linda Bagley
Categories: Mortgage Info
October 27, 2009

Where Does the Money Come From for Mortgage Loans?
Where Does the Money Come From for Mortgage Loans? In the “olden” days, when someone wanted a home loan they walked downtown to the neighborhood bank or savings & loan. If the bank had extra funds layi...
Posted by: Linda Bagley
Categories: Mortgage Info
October 27, 2009

Items You Need for When Applying For a Loan
Items You Need for When Applying For a Loan Have These Items Ready When You Apply For a Loan It used to be that lenders mailed out verifications to employers, banks, mortgage companies, and so on, in order to verify t...
Posted by: Linda Bagley
Categories: Mortgage Info
October 27, 2009

FICO Scores and Your Mortgage
FICO Scores and Your Mortgage Three years ago, credit scoring had little to do with mortgage lending. When reviewing the credit worthiness of a borrower, an underwriter would make a subjective decision based on past p...
Posted by: Linda Bagley
Categories: Mortgage Info
October 27, 2009

What is a FICO Score?
What is a FICO Score? FICO stands for Fair Isaac & Company and is the name for the most well known credit scoring system, used by Experian. The credit bureau’s computer evaluates a complete credit profile an...
Posted by: Linda Bagley
Categories: Mortgage Info
October 27, 2009

FICO Score – a Brief Explanation
FICO Score – a Brief Explanation When you apply for a mortgage loan, you expect your lender to pull a credit report and look at whether you’ve made your payments on time. What you may not expect is that th...
Posted by: Linda Bagley
Categories: Mortgage Info
October 27, 2009

Which ARM is the Best Alternative?
Which ARM is the Best Alternative? How would you like a mortgage loan where you did not have to make the whole payment if you did not want to? Or would you like a loan with an interest rate about one percent below a t...
Posted by: Linda Bagley
Categories: Mortgage Info

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