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Credit Scores And The Relationship To Interest Rates Offered

Credit Scores And The Relationship To Interest Rates Offered

Do you REALLY know the effect credit scores can have on the mortgage rate for which you can qualify? The highest credit score category is 740+, and the categories below are in 20 point drops, like 720-740, and down to 620-640 for Conventional Fannie Mae a

Aug 30, 2014 |

Many Homeowners Still Need To Refinance

Many Homeowners Still Need To Refinance

Want to refinance your mortgage while rates are low, and scared that your home will not appraise like it did when you purchased it, or did your last refinance? If you did your last loan before 5/31/09, you can still refinance, get excellent rates, and you

Aug 16, 2014 |

Traditional Mortgage Insurance Or Lender Paid Mortgage Insurance For Conv. Loans

Traditional Mortgage Insurance Or Lender Paid Mortgage Insurance For Conv. Loans

For Borrowers who are using Conventional loans and do NOT have 20% down or 20% equity, there is the need for mortgage insurance. But there are two choices and it depends on certain factors as to which is best for that Borrower.1) Traditional mortgage insu

Aug 06, 2014 |

What does your Mortgage Professional REALLY do for you?

What does your Mortgage Professional REALLY do for you?

Are you REALLY getting the A+ treatment from your Mortgage Professional: Are you kept abreast of changes in the industry? Do you offer the best rate for your clients? Are you kept informed every few days of the status during the loan process? Are you

Jul 25, 2014 |

Borrower paid OR Lender paid compensation loans

Borrower paid OR Lender paid compensation loans

Do you know the difference between Borrower paid or Lender paid compensation for mortgage loans? The Dodd Frank Act 4/6/2011 states that a Mortgage Broker must give the borrowers the option of these two ways to proceed with their loan: Borrower paid means

Jul 11, 2014 |

Get your credit report before your loan

Get your credit report before your loan

I have seen so much frustration over the years when a credit report reveals some items that hold up the loan. IF a borrower would pull their own mortgage credit report from a reliable site BEFORE they start their home purchase or

Jun 10, 2014 |