Received a question by email over the weekend. Can I use my car as a down payment? Down Payment – The amount of cash paid towards the purchase transaction by the buyer of a home. This is also known as the purchaser’s initial equity in the property, but is also used by a lender to [...]
What is it? How do you qualify & what do I think about it? As you probably know, property taxes are DUE July 2nd and 2010 is the first year this program is available. By now you’ve probably received your annual property tax bill in the mail and Inside there was information about the new [...]
What’s the difference between Mortgage Insurance and Mortgage Insurance? Mortgage insurance, does it protect you or does it protect the bank? It’s a Great question, and it’s one that confuses a lot of people so Today, I want talk briefly about the difference between the two. I’m basically talking about two types of insurance, and [...]
Today is day one of the government’s new mortgage rules. Here’s a quick video rundown on qualifying rate…. QUALIFICATION RATE The biggest rule change affects borrowers who put down less than 20% and want a variable or 1- to 4-year fixed term. Yesterday, you might have qualified for a high-ratio $250,000 variable-rate mortgage with a [...]
When it comes right down to it you already know that there are many reasons that you are judged by your credit every single time you try to make a financial decision and even for employment. This is why you have to check your credit rating at least twice a year. There are many things [...]
It’s an uphill climb credit wise after bankruptcy. But with the RIGHT advice, it can be done. You may need my help in obtaining a mortgage since traditional lenders only focus on clients with good to excellent credit. While there are people in this business who will only deal with prime clients, I’m not one [...]
1. Have you explored all your options? Once you receive your mortgage renewal statement, there’s nothing easier than simply signing on for another term. DON’T DO IT! This is the number 1 reason I’m referred to so many clients. Unlike the bank, I offer you the BEST renewal rates possible. I’ve never understood why banks [...]
