Archive for: February 2007

February 23, 2007

Mortgage Broker Company - What Does My Credit Score Need To Be To Get A Good Mortgage

Filed under: Mortgage Broker Company - 23 Feb 2007

Your credit score should be as high as you can get it.  However, you can get financing if your credit score is 620 or above. There are programs that will let you finance 100% of your home.  Some even 104% …

February 16, 2007

Mortgage Broker Company: What Closing Costs?

Filed under: Mortgage Broker Company - 16 Feb 2007

When you work with your lender, you will receive a “Good Faithe Estimate” for your closing costs.  Your lender prepares a list of the costs you may have when purchasing or refinancing your home.  Be aware that not all potential …

February 14, 2007

Mortgage Broker Company: Determine to Refinance

Filed under: Mortgage Broker Company - 14 Feb 2007

How to determine if you should refinance? 

To determine if a home owner should refinance it is a good idea to consider different issues such as: how long is the home owner planning to stay in the home and how manyh …

Mortgage Broker Company: Advice about Mortgages

Filed under: Mortgage Broker Company - 14 Feb 2007

When you want to take out a mortgage you want to listen to the advice of others plus research your own information to choose the right mortgage product.

There are many different mortgage products.   If you talk to different lenders they …

Mortgage Broker Company: Fannie Mae Refinancing Info

Filed under: Mortgage Broker Company - 14 Feb 2007

Finding a great source of infor on refinancing is easy. Try Fannie Mae.

Fannie Mae is a great informational source for refinancing questions.  Fannie Mae offers information on why a home owner should refinance, what the requirements and costs are, eligibility, …

February 12, 2007

Mortgage Broker Company - Are you ready to buy a home?

Filed under: Mortgage Broker Company - 12 Feb 2007

Are you ready to buy your first home?  Not sure if you are?  Here’s a few tips.

Get together all your information: income, savings, monthly expenses, and debt.  Type into the search browser - how much can I afford for a …

Mortgage Broker Company - More On A FHA Mortgage

Filed under: Mortgage Broker Company - 12 Feb 2007

What an FHA loan does.  FHA guarantees to the mortgage company, your lender, the amount of the loan you are obtaining.  A FHA loan requires at least 3% down of the purchase price of the home you have chosen. A …

Mortgage Broker Company - A FHA Mortgage

Filed under: Mortgage Broker Company - 12 Feb 2007

There are many uses for an FHA loan.  An FHA loan is not just for buying your first home, but for remodeling purposes, investing in investment property or fixing it up.

FHA is the Federal Housing Administration.  It is not a …

February 11, 2007

Mortgage Broker Company - Monthly costs in your mortgage

Filed under: Mortgage Broker Company - 11 Feb 2007

The costs that are contained in your mortgage monthly payment are:

Mortgage interest
Homeowners insurance
Property Taxes
Flood Insurance - if you are at risk
Private Mortgage Insurance
Condo Association Dues - if you own a condo

February 10, 2007

Mortgage Broker Company - Smooth and easy closing

Filed under: Mortgage Broker Company - 10 Feb 2007

Buying a house is not as easy as it sounds.  It is not like buying something at the store, you pay for it and you are done.

Many people are involved when purchasing a home.  The real estate agent, the mortgage …

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