You’ve probably heard of social networking sites like MySpace and Facebook, but have you heard of social lending sites? Over the past few years, several websites have sprung up that combine features of the omnipresent social networking sites, and commerce sites like eBay®. These sites allow...
Posted by
yourmortgageplanner on Apr 10, 2009 in
FHA |
5 comments
What Is A Streamline FHA Refinance
The Traditional and Original FHA Streamline which I still offer consist of the following:
NO Appraisal
NO FICO Score
NO Income Verification
NO Asset Verification
After reading that there is little to nothing in order to qualify; you are probably asking what’s the...
The appraisal process often baffles consumers. They may feel that their home is worth a higher dollar amount, and so the appraised value doesn’t always make sense to them. It is important to know that the appraiser is completely independent from lenders, buyers, sellers, and real estate agents, and...
1. Loan Search – Buyers should seek the advice of an experienced mortgage professional, someone who will help determine which financing options best suit their needs today and in the future.
2. Loan Application – It’s crucial that consumers supply the lender with...
There are five factors that comprise the credit score. They are listed below in order of importance, just as an underwriter would look at the score:
• Payment History: 35% impact. Paying debt on time and in full has a positive impact. Late payments, judgments and charge-offs have a negative impact....
