[Complete Guide] How to Rate Shop Lenders?

How to Rate Shop Lenders

[Complete Guide] How to Rate Shop Lenders? First things first.  You are not going to put your name and contact information on any sites that say they will offer you the lowest rate.  That is a last resort. Some of those sites literally are selling your info for $50+ to multiple lenders which can turn…

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2nd Job Income for Loan Qualifying [Key Takeaways]

2nd Job Income for Loan Qualifying Often when people are looking at buying a home, they will get a 2nd job or an additional source of income so they can qualify for more house or save a bigger down payment.  People are often disappointed when I let them know that in order for a lender…

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What is a short sale?

During 2008-2011 it felt like every single house was either a short sale or a foreclosure.  Once again banks are now providing mortgages with very low down payments. If the market drops by 10% we may see quite a few homeowners underwater (owing more than the house is worth).  Homeowners being underwater can lead to…

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The Fed Raised Rates, Now What…

Yesterday, June 13, 2018, the Fed raised rates by .25% and said there was a strong possibility of two more rate hikes this year.  In mortgage land we always gasp when the fed raises rates primarily because we know we will be fielding 20 calls of buyers who think they now will be priced out…

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How long should it take to close a home loan?

I’ve been thinking a lot about the mortgage process.  I’m fortunate to work for a company where our CEO is constantly thinking about the same thing –  How can we make it better and faster and easier for our clients while still giving them solid advice and fantastic rates and loan options? When I personally…

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