(Originally published June 6, 2010.) As of June 1st, mortgage giant Fannie Mae is requiring lenders to pull an updated credit report on all borrowers, just prior to closing, in order to confirm …
The Importance of Mortgage Planning
(Originally published May 15, 2010.) Most people understand the importance of planning for their future. Yet many don’t invest time to ensure the future they desire. When people fail to work with a …
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Be Weary of Continuing Reform. Government “Cures” Often Do More Harm Than Good.
(Originally published May 1, 2010.) Whenever the Government promises to “fix” a problem, it’s usually cause for concern. Recent changes to the real estate industry have all been implemented with …
Mortgage Rates Are On The Rise
(Originally published April 17, 2010.) For the past year, unique and extreme economic conditions helped maintain mortgage rates at historically low levels. But it seems the party’s now over. In …
Seller-Funded Buydowns Are Helping Sell Homes!
(Originally published April 10, 2010.) Today’s difficult real estate market faces many challenges: A large inventory of unsold homes has caused price stagnation. Distressed sales are putting …
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New Federal Regs + Incompetent Loan Officers = Canceled Closings. Don’t Let This Happen To You!
(Originally published March 21, 2010.) Everything seems to be going smoothly. The purchase contracts were signed. The mortgage was approved. The closing is scheduled. Then you get the call that the …