Your Mortgage Approval Isn’t Final Until It’s Funded
A mortgage approval is never final until it’s funded. A host of things can “go wrong” while your home loan is underway. Some are in your control, many more are not. And just being aware of some potential pitfalls could help save your loan down the road, and your peace of mind...Is Now The Best Time To Buy A Home?
Is now the best time to buy a home? With today’s low home prices, many people may be asking that question. Obviously there are a number of incentives, such as the Homebuyer Tax Credit, that make now a good time to buy. But some consumers may still be wondering if they should wait or if now is the best...Using 401(k) Funds For A Downpayment? First, Consider The Tax Implications.
As downpayment requirements increase, anecdotally, home buyers are tapping 401(k) plans for extra cash. Classified as a ”hardship withdrawal”, loans against your retirement funds can be cheap and simple. There’s no credit check or approval process There’s only a small set of...How To Get A 800 Credit Score
Since 2007, mortgage lenders have clamped down in many areas of underwriting, but none more so than in the area of credit scoring. Minimum FICO levels are up 120 points or more and conforming mortgage lenders now levy large fees on borrowers whose scores are below 740. Keeping your credit scores high is a...#HVCC CALL TO ACTION
Posted by yourmortgageplanner on Jun 10, 2009 in Featured Articles, Financial Awareness | 0 comments
To: All Mortgage Brokers, Real Estate Agents, Appraisers, Lenders, Home Builders, Title Agents, and Consumers
From: Marc Savitt, President- National Association of Mortgage Brokers
After more than a year of exhaustive negotiations with Fannie Mae, Freddie Mac, James Lockhart, Director of FHFA (GSE...
