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This article is about Mortgage Rate Adjustments The lower your credit scores are the higher your mortgage rates will be. Rate adjustments also called Loan Level Pricing Adjustments are pricing adjustments either added to the rate or discounted to mortgage rates For conventional loans, there are credit score tiers starting at the following levels: 620…
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This ARTICLE On Reasons To Use NYC Movers To Get a New Home In New York Was Written By Staff Writer at Gustan Cho Associates There’s no other city with a vitality that can rival New York. The quick pace, the humming traffic, the buzzing about the general population, the 24-hour life, and the inventive…
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This ARTICLE On Steps In Getting Mortgage Approval With Bad Credit Illinois Was UPDATED On December 11th, 2018 There are Steps In Getting Mortgage Approval. It starts with consulting with a loan officer Mortgage Loan Applicants first few Steps In Getting Mortgage Approval starts with consulting with a loan officer Borrowers need to complete a 4-page…
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This BLOG On Short Sale Versus Foreclosure Mortgage Guidelines Was UPDATED On December 10th, 2018 Are There Benefits Of Short Sale Over Foreclosure? There are benefits of a short sale instead of a foreclosure if home buyers are planning on buying a new home with Conventional Loans. Waiting Periods to qualify on Conventional Loans after a…
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This BLOG On Establishing Good Credit To Qualify For Mortgage Loan Was UPDATED On December 10th, 2018 Establishing good credit is one of the most important factors for all American consumers. Establishing good credit means saving money. Lenders and Creditors view bad credit as high risk. High risk means higher interest rates. Higher interest rates mean…
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This article is about Re-Building Credit After Foreclosure To Qualify For Home Loans A foreclosure can drop credit scores by at least 100 points. However, the good news is that the drop is temporary Credit scores will improve as the foreclosure ages The sudden drop will eventually have little to no impact on credit scores as…
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This BLOG On Mortgage Guidelines On Foreclosure And Bankruptcy Was UPDATED On December 8th, 2018 If a mortgage loan borrower had a prior bankruptcy, there is a 2 year waiting period from the date of the bankruptcy discharge before a home buyer has to wait to qualify for FHA and VA Loans If you have foreclosure but not a…
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This BLOG On Bankruptcy And Foreclosure Waiting Periods To Qualify For Mortgage Was UPDATED On December 6th, 2018 The mortgage industry went through a major overhaul after the 2008 Great Recession and Mortgage Meltdown. Countless of Americans lost their jobs, businesses, and most importantly, their life earned savings including the equity in their homes Bankruptcies and…
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This BLOG On Short Sale Home Purchase Process For Illinois Home Buyers Was UPDATED On December 4th, 2018 Due to the financial and credit collapse of 2008, foreclosures rates hit an all time historical high Real estate values plummeted more than 50% or more in some areas in the United States Millions of Americans lost…
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This BLOG On FHA Loan With High DTI And Outstanding Collection Accounts Was UPDATED December 2nd, 2018 Homebuyers can qualify for FHA loans with high DTI. Borrowers do not have to pay off outstanding collections and charge off accounts However, outstanding non-medical collection accounts can affect when getting an FHA Loan with High DTI This is…
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This BLOG On Alternatives To Bankruptcy Waiting Out Bad Credit With SOL Was UPDATED On November 27th, 2018 For those folks who were hurt financially from the recession of 2008 and have not filed bankruptcy and started to rebuild their lives back, they need to pay attention to the outstanding collections, charge offs, and judgments they…
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This BLOG On Mortgage After Filing Bankruptcy With No Waiting Period Was Updated On November 26th, 2018 The federal government created federal bankruptcy laws for consumers who are drowning in debt: Bankruptcy gives consumers a chance to re-structure their debts or discharged their debts and start new Everyone has good intent on paying their bills…
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This BLOG On Purpose For VA Loans Was Updated On November 25th, 2018 The purpose for VA Loans is to promote homeownership to members of the U.S. Military who served in the U.S. Armed Services. The federal government purpose for VA Loans and its creation was to reward our men and women in uniform who…
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This BLOG On FHA Lowers Mortgage Insurance Premium Was UPDATED On November 24th, 2018 This blog is a rewrite and updated blog from January 2017: FHA Lowers Mortgage Insurance Premium by 0.25 basis points. This announcement came from HUD that for 2017, FHA Lowers Mortgage Insurance Premium This is great news for home buyers and those…
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This Blog On FHA 203k Rehab Loans Georgia Mortgage Guidelines Was UPDATED On November 13th, 2018 The state of Georgia has one of the hottest housing markets in the United States. Besides the great economy in Georgia, many home buyers are migrating to the Great State of Georgia because homebuyers can still find reasonable home prices…
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This BLOG On Front End Debt To Income Ratios Mortgage Guidelines Was UPDATED On November 12th, 2018 There are two different types of debt to income ratios: Front End Debt To Income Ratios Back End Debt To Income Ratios A homeowner’s monthly mortgage payment consists of the following and is called P.I.T.I. Principal Interest Property Taxes…
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Home Buyer’s Down Payment Assistance Program For Educators With The California Extra Credit Teacher Home Purchase Program The California Extra Credit Teacher Home Purchase Program, commonly referred to as ECTP, is a home buyer assistance program for teachers: The following government employees in the state of California are eligible: school teachers school administration employees and…
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This BLOG On California Mortgage Credit Certificate Program Guidelines Was UPDATED On October 30th, 2018 California Home Buyers May Be Eligible For The California Mortgage Credit Certificate Program Great news for California Home Buyers. The California Housing Agency is now joint venturing with counties across the state of California This partnership is so all California residents…
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This BLOG On Will Mortgage Rates Rise Or Will There Be A Correction In 2018 Was UPDATED On October 29th, 2018 Will Mortgage Rates Rise Or Will There Be A Correction In 2018? With the election of President Donald J. Trump, the economy seems to be in high gear with no signs of a slowdown Housing…
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This BLOG On Sarasota Home Purchase And Choosing Real Estate Agent Was UPDATED On October 24th, 2018 Ed Martinez does it again. Ed Martinez is probably the best realtor I know nationally Ed is not just a professional licensed real estate agent but also a true caring friend He treats all of his real estate clients…
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This Article In Turning 30 Years Old And Revisiting Your Career Goals Hello world! I hope you’re having an amazing day thus far. I know it’s been a while but last week I reached a new milestone in my life, something that had been given me anxiety prior to the date Last week I turned…
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