This guide covers what mortgage fraud is. What is mortgage fraud during the homebuying and mortgage process? There are two types of loan fraud. Fraud for housing (tricking a lender into approving a loan it would otherwise decline). Fraud for profit (stealing cash and equity from lenders or homeowners). A real estate agent might secretly…
This guide covers what is a home appraisal and how the property appraisal process works during the home buying process. When buying a home, there are many factors to consider. From the location to the number of rooms, countless variables can impact your decision. One factor that will usually be needed when acquiring real estate…
This guide covers the benefits of buying a home with a homeowner warranty. Most home builders offer their homebuyers a home warranty. Homeowner warranty is different than homeowners insurance required by lenders. A home warranty will not cover defects or repairs from wear and tear. If a home is 30 years old and the HVAC…
This guide covers disputing a low appraisal to get a higher home value. A low home appraisal can cause all sorts of problems. If you’re buying a home, a low appraisal can cause you to lose the home if the seller isn’t willing to renegotiate a lower price with you. A low home appraisal can…
This breaking news article cover the FED rate cut to lower mortgage rates and spike lending. The news of the Federal Reserve Board to lower interest rate will have an impact on mortgage rates. The FED rate cut to lower mortgage rates and spike lending is expected throughout 2019. Many industry analysts expect lower interest…
This guide covers the best time to buy a home for first-time homebuyers. There are two parts to the best time to buy a home for first-time homebuyers. First and foremost, the homebuyer should be ready financially and credit-wise. Buyers should not be struggling with the down payment. John Strange of Gustan Cho Associates explains…
In this blog, we will cover and discuss the top 11 time-consuming mortgage mistakes to avoid during the home buying process. When buying a house, most of the time, you need to get a mortgage which takes from 3 weeks to 4.5 weeks. Sometimes refinancing (streamline refinance) might take two weeks. Credit scores significantly determine…
In this blog, we will cover what are rent-to-own homes and how they work. Rent-to-own homes offer both home buyers and home sellers advantages. Homebuyers offer great benefits if the home buyer has recent credit issues. Recent credit issues such as the following will disqualify buyers from traditional mortgages: bankruptcy foreclosure short sale deed in…
Many people are perplexed why are people fleeing Illinois like never before in history. Illinois is a great place to live and raise a family but a bad place to live when it comes to your financial security and future stability. Illinois is in financial trouble. Never in history has Illinois had such a budget…
In this guide, we will cover down payment for home purchase requirements by mortgage lenders. Homebuyers planning to purchase a home have two types of costs they need to come up with. Down Payment For Home Purchase Requirements Closing Costs Mortgage lenders will require a down payment for home purchases. This is because they want…
Apply Now This article will cover buying short sale home purchase versus traditionally listed homes. A short sale is when a homeowner has a home with a loan balance that is higher than the value of their home and gets their lender to agree for them to sell their home at a discounted price. The…
This Article Is About Monitoring Credit Report To Qualify For A Mortgage It’s up to you and it is your responsibility to have control of your financial future. The credit bureaus do make errors A lot of errors Remember that credit repair companies can do more damage than good Credit disputes are not allowed during…
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