2017-02-10 01:05
Choosing your loan term is not as difficult as you think. Many people get very anxious when it comes to choosing the term on their new mortgage, whether it is a home purchase or a refin… Read More
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Mortgage information designed to educate consumers and real estate professionals about home purchasing and refinancing.
2017-02-10 00:59
Types of title insurance.Title insurance comes in two forms, owner's policy and lender's policy. As they imply, owner's policy covers the owner of the property and lender's policy cove… Read More
2017-02-10 00:59
Has your mortgage ever been sold?Many people are confused when their home loan is sold to another lender. They feel it is a reflection on them or wonder why the lender didn't want them as a… Read More
2015-01-29 17:21
Down payment options for purchasing a new home vary by loan program. Here's an overview of the most popular mortgage types and their minimum down payment qualifications. I've also included i… Read More
2014-10-10 15:57
Homeowners in Arizona with FHA loans should all take a good look at their home's current value to see if refinancing into a conforming home loan is an option.It's no secret that home values… Read More
2014-10-10 14:26
When a lender asks for mortgage reserves, what do they mean?If you have applied for a mortgage or purchased a home recently, you may or may not have heard the term reserves. A reserve, in co… Read More
2014-10-10 14:25
I'm happy to announce that while some banks are tightening guidelines and providing less options for homebuyers, W J Bradley Mortgage is offering more options to well qualified borrowers.The… Read More
2014-10-10 14:25
There are several advantages of using a mortgage lender that is located in your area.The first, and perhaps most important, advantage is that a local lender is better able to communicate wit… Read More
2014-10-10 14:24
Fannie Mae recently published an article stating that 40-50% of eligible homeowners that could benefit financially from a refinance have not yet done so. This figure floors me. Even mor… Read More
2014-10-10 14:24
In a typical home sale involving financing, these are the major players involved and some info about the role each plays: Buyer's Agent: The buyer's agent is a real estate agent or Real… Read More
2014-10-10 14:23
Every home mortgage process is a little different, but nearly all loans follow this same timeline of events.Here is a quick overview of the steps nearly all loans will follow before the mort… Read More
2014-10-10 14:22
Many people reading this article may not have much experience comparing interest rates and lenders and may be avoiding shopping for a mortgage out of anxiety. Here are some dos and don'ts fr… Read More
2014-10-10 14:22
What documents will I need to provide to get a home loan?Some loans will require more or less documentation, but these are the basic documents required by the majority of lenders on average… Read More
2014-10-10 14:22
What really affects value when it comes to a home appraisal?I hear the following statement a few times a day, "My neighbor's house is listed for X and mine is bigger, so my house must be wor… Read More
2014-10-10 14:21
The concept of payment in arrears.Many people look at their mortgage statement and assume that the current balance is how much it would take to pay off the loan. The truth is that the intere… Read More
2014-10-10 14:21
Multiple VA loans to one borrower. Are you sure about that?Yes, I am positive and have closed these transactions. Many veterans (and, frankly, loan officers) are not aware that it is possibl… Read More
2014-10-10 14:21
Loan limits for FHA loans will be lower in 2014 than they were in years past in most of Arizona. Starting January 1, 2014, all counties in Arizona will have FHA loan limits for one unit… Read More
2014-10-10 14:19
How is it possible to have as many as 10 mortgages?Many borrowers have been told by one or more banks that the maximum amount of homes allowed with mortgages on them is four. For many lender… Read More
2014-10-10 14:18
What is delayed financing and who could benefit from it?Delayed financing is just a fancy way of saying that someone waits until after a home purchase to secure the home with a mortgage. The… Read More
2014-10-10 14:17
There are many reasons to refinance and this post is a follow up to the post: Should I refinance my home mortgage?The closing costs for a refinance can vary greatly from one mortgage to… Read More
2014-10-10 14:16
Refinancing - how does it work?The idea behind refinancing a home is that you are replacing the current mortgage with a new mortgage. The new loan is typically at a reduced interest rate, mo… Read More
2014-10-10 14:16
Sometimes mortgage professionals don't know their trade as well as they think they do. I answer questions for borrowers on several mortgage industry websites to help them better understand m… Read More
2014-10-10 14:15
Let's start with the basics of using a gift for purchasing a home. Many people are unaware of the fact that they can use gift funds for the down payment and/or closing costs when they b… Read More
2014-10-10 14:15
The good news: This program is now available! The catch: Not all borrowers will qualify and proper documentation is required.FHA has a new program that allows some borrowers to obtain a… Read More
2014-10-10 14:14
I'll answer that question at the end of this post. I think it is important to cover the basics first.What is a debt-to-income ratio?Debt-to-income ratio (DTI) is just another way of saying m… Read More
2014-10-10 14:13
What are biweekly payments and why do people choose them?Biweekly payments are half mortgage payments made every two weeks. They are a subtle way of paying down principal without paying larg… Read More
2014-10-10 14:12
Mortgage insurance allows some people to purchase or refinance a home with less than 20% down payment or equity. While it provides a service and helps more homeowners into homes, mortgage in… Read More
2014-10-10 14:09
Let's start with the basics - what is mortgage insurance?Many homeowners feel mortgage insurance is imposed on them by banks for no reason and they don't benefit from it in any way. The real… Read More
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