News

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

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

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

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

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

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

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

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

Closing Costs When Buying or Refinancing a Home

Closing Costs When Buying or Refinancing a Home This is a detailed summary of costs you may have to pay when you buy or refinance your home. They are listed in the order that they should appear on a Good Faith Estimat...
Posted by: Linda Bagley
Categories: Mortgage Info, Residential Real Estate Listings

The Biweekly Mortgage – Who Needs It?

The Biweekly Mortgage – Who Needs It? Have you received an advertisement offering to save you thousands of dollars on your thirty-year mortgage and cut years off your payments? With email “spam” beco...
Posted by: Linda Bagley
Categories: Mortgage Info
This website uses cookies and asks your personal data to enhance your browsing experience.