Four Tips on the Most Common Mistakes of an Appraisal

Four Tips on the Most Common Mistakes of an Appraisal1. The main part of the appraisal is the subject information. If this information is incorrect and the underwriters can’t identify the data that they need, the appraisal will have to be reviewed for accuracy. For example, when reviewing an appraisal in Spokane, WA, I noted that the parcel number was incorrect. This is one of the reasons why this appraisal was under review.

When the parcel number Continue reading

How to Lower Refinance Mortgage Interest Rate

How to Lower Refinance Mortgage Interest RateWhen you want to refinance your mortgage, there are several factors that you should put into consideration. One of them is the refinance mortgage interest rate.

When you apply or enter into a transaction that will have an interest, careful consideration should be taken into account with regards to the rate and duration of payment.

Most people who have had issues Continue reading

New Home Mortgage – 10 Questions to Ask Before You Buy

New Home Mortgage - 10 Questions to Ask Before You BuyBefore you purchase a new home, there are a few things you should know. These tips will help make the buying process a lot easier on you.

If you do not plan on staying in the same place for a few years, do not buy a new home. Securing a new mortgage can be expensive when you consider closing costs and Realtor commissions. Consider a new home if you plan on staying there at least Continue reading

Reverse Mortgage Broker Agreement

Reverse Mortgage Broker AgreementThe Reverse Mortgage Broker Agreement is different from the usual kinds of mortgage agreements because it doesn’t require the home owner to move out of the home while it is mortgaged. This reverse mortgage has become increasing popular with senior citizens because relocating is a tedious task for them.

Get Double Advantage

In a reverse mortgage broker agreement, the homeowner Continue reading

Mortgage Industry Disaster – Can You Replace Your Income and Lifestyle?

Mortgage Industry Disaster - Can You Replace Your Income and Lifestyle?As everybody knows, the mortgage industry tanked in 2008 and many people lost their jobs and their homes. Most employees that were working for wholesale and retail branches in the mortgage industry are still unable to find new jobs because the economy hasn’t fully recovered, many mortgage companies went under, and they aren’t trained to work in other industries. I myself became accustomed to making Continue reading

Mortgage Refinancing For Those With Bad Credit

Mortgage Refinancing For Those With Bad CreditBad credit can happen to the best of us. One change in your current situation can take a toll on your finances and leave you with a less than desirable credit score. There are many ways in which this can have negative results on your life and your situation. If you have bad credit then you will have a more difficult time obtaining more credit, you can find that you are required to pay security Continue reading

Find A Bad Credit Second Mortgage Loan – 5 Tips

Find A Bad Credit Second Mortgage Loan - 5 TipsThere is not much that the typical person wouldn’t do to qualify for a low-interest, low-risk loan that they could use to pay down high-interest debt or meet other unexpected (but important) expenses.

Fortunately, if this describes your own cash needs and you are a homeowner, you just might be in luck. You may be able to take out a bad credit second mortgage loan by using the equity Continue reading

Requirements For a Mortgage

Requirements For a MortgageA Mortgage loan can be quite confusing for anyone looking at trying to buy a house. With all the information about getting a mortgage loan out there this article will try to make it easier to understand. Unfortunately, you cannot even qualify for a loan until they approve a different factor. It is known as your debt to income ratio.

Usually for any type of loan, Continue reading

100% Financing Bad Credit Mortgages – Which Loan Can You Qualify for With Poor Credit

100% Financing Bad Credit Mortgages - Which Loan Can You Qualify for With Poor CreditVarious home loan programs are intended especially for homebuyers with less than perfect credit. To find a good home loan with poor credit, it is essential to choose the right lender or broker. Many new homebuyers are unfamiliar with different types of mortgages. Therefore, many assume that a down payment is required, and bad credit makes it impossible to get approved. However, many lenders Continue reading

Reverse Mortgage – Putting Your Equity to Work

Reverse Mortgage - Putting Your Equity to WorkIf you’re like many seniors, your home is your largest asset, and although you are concerned about the thought of borrowing against it, your house may be the only way to increase your income.

Rising real-estate prices have caused many seniors’ homes to significantly increase in value. But unless they are willing to sell, it may be an inaccessible gain during a time Continue reading