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January 1, 2007 Mortgage Broker Company - Refinance after chapter 7 bankruptcy.A bankruptcy obviously reflects badly when wanting to refinance your mortgage. Your credit takes a beating. Therefore the lender believes you will not repay any amount. If you filed chapter 7 most likely you are still in your home. You may … December 23, 2006 Mortgage Broker Company - What is a home appraisal?A home appraisal is a survey that is completed by a professional. It is their opinion of the property market value. An appraisal is usually done for a lender when a home is being approved for a loan. It is a detailed … November 24, 2006 Mortgage Broker Company - Stocks And Bonds For Your Down Payment For Your Mortgage?If you plan on using stock etc. for your down payment you will need to provide the lender with proof of your stock. You can provide them with the statements you receive from the brokerage firm. You will probably need … Mortgage Broker Company - What Do You Mean I Can’t Borrow Money From My Family For A Down Payment For My Mortgage?Was this title long enough for you? Can family members be of assistance? sure! but - your lender requires it to be in the form of a “gift”. Your lender does not want to know that you need to pay this … Mortgage Broker Company - Borrowing To Come Up With Your Down Payment For Your MortgageOK just so you know, you aren’t allowed to borrow money to come up with your down payment. Except - if the loan will be secured by some other asset. What do I mean - if you take out a home … November 8, 2006 Mortgage Broker Company - A Smart Way To Use Your Mortgage BrokerIf you know the type of loan you want write it down, check the interest rates and any fees you might have to pay based upon your research. Then contact various mortgage companies to see what they have to offer. Mortgage … Mortgage Broker Company - A Mortgage BlogHello everyone, I was hoping to be indexed by now so that my information could be shared and of course more interesting to the reader based on comments. So I will keep posting for now with some info and hope for the … November 7, 2006 Mortgage Broker Company - Need A Special Mortgage? 5What is a Co-Op loan? A Co-Op loan is used when you purchase a condominium. A conominium is a place a person owns their own apartment in a building with many apartments. You share areas such as parking lots, elevators, recreational … Mortgage Broker Company - Need A Special Mortgage? 3What is A Balloon Loan? Balloon Loans are also called bullet loans. They have a term between 3 and 7 years, however, the payments are calculated on a term of 15 years with the balance due in one large payment at … November 6, 2006 Mortgage Broker Company - Need A Special Mortgage? 2What is an 80-10-10 loan. These are sometimes refered to as piggyback loans. They are used to creatively purchase your home. If you con not have a lot of cash, this loan allows you to qualify for a higher mortgage, with … |
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