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 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 …

January 22, 2007

Mortgage Broker Company - Home buying fundamentals

Filed under: Mortgage Broker Company - 22 Jan 2007

Inspections - you need to have someone inspect the house.  Someone who does it thoroughly so that your dream home doesn’t turn into the money pit.

Check the market value of the house.  Is it worth the price.

A home buyer should …

Mortgage Broker Company - Paying Points

Filed under: Mortgage Broker Company - 22 Jan 2007

To avoid wasting money on points that will not benefit you when you are refinancing your mortgage here are a couple of tips.

Points are prepaid mortgage interest paid in exchange for lowering the interest rate.  A point is 1% of …

January 19, 2007

Mortgage Broker Company - Mortgage Loans Are A Big Debt

Filed under: Mortgage Broker Company - 19 Jan 2007

A mortgage loan is probably the biggest debt that a person has in their lifetime.  The mortgage loan is secured by the home itself.  You need to shop around to get the best possible interest rate to keep the cost …

January 16, 2007

Mortgage Broker Company - What is a foreclosure?

Filed under: Mortgage Broker Company - 16 Jan 2007

A foreclosure is when a borrower has defaulted on a mortgage loan that is secured with a Deed of Trust on real property.  The lender will demand that the attorney foreclose on the defauled deed of trust.

Which simply put is …

January 13, 2007

Mortgage Broker Company: What is a bank foreclosure?

Filed under: Mortgage Broker Company - 13 Jan 2007

A  bank is in the business to make money on lending not on real estate. When you buy a home you sign a legal contract called a mortgage.  So it is a breach of contract if you do not pay the mortgage. …

January 4, 2007

Mortgage Broker Company - What should you ask your realtor?

Filed under: Mortgage Broker Company - 04 Jan 2007

If this is the first time you are buying a home make sure you choose a realtor that you can talk to and that you feel comfortable with.  The realtor should be and act professionally assisting you with your interests …

January 3, 2007

Mortgage Broker Company - Steps to repay your mortgage

Filed under: Mortgage Broker Company - 03 Jan 2007

As we know, people pay tons of interest sometimes more interest than the value of the home.  So if you pay down your mortgage as soon as possible, that is a plus.

Make sure your mortgage does not have a prepayment penalty. 

One way …

Mortgage Broker Company - Avoid and aggressive mortgage broker.

Filed under: Mortgage Broker Company - 03 Jan 2007

Sometimes you will hear of mortgage brokers taking advantage of people with bad credit.  But you will also hear about seniors, widows, widowers, or people who just don’t know how to protect themselves from these types of people.

People will end …

Next Page »