Complete Guide To Mortgage Repossession Purchases
Tips

Complete Guide To Mortgage Repossession Purchases

With the abundance of mortgage repossessions on the market, interested buyers should understand what to look for before investing in such a property. The purchase of a mortgage repossession must be done conscientiously since these properties are sold without legal warranty. Here are some things to consider if you are planning to purchase a mortgage…

How To Choose a Mortgage At The Best Price?
Mortgage | Tips

How To Choose a Mortgage At The Best Price?

The mortgage loan is a loan taken out in order to finance projects of various kinds. It is particularly distinguished by the requirement of placing a guarantee of real estate as a sine qua non for the granting of credit. In the next few lines, we provide our advice for calculating the amount of this…

Seven Reasons To Work With A Real Estate Broker
Purchasing a home | Tips

Seven Reasons To Work With A Real Estate Broker

Even the easiest of real estate transactions take time, organization, and knowledge; one mistake can cost you dearly. For most homeowners, working with a real estate broker remains the best solution. Here are seven good reasons. Training According to the US Government, the profession of a real estate broker must be regulated and he/she must…

Is Saving The Real Estate Broker’s Commission A Good Idea?
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Is Saving The Real Estate Broker’s Commission A Good Idea?

The real estate broker’s commission is a determined percentage of the price obtained for the sale of the property given to the professional for his services. In other words, it is the broker’s compensation. The commission can vary depending on the broker, agency, and territory, but be aware that everything is negotiable. The commission is…

Shopping Lenders Feels Like Buying a Car
Tips

Shopping Lenders Feels Like Buying a Car

Shopping for a mortgage is really easy if you know what to ask for. Most loan officers are trying to sell super high compensation plans. Lenders will try and confuse you saying well they charge more in this section, and more in this section, and we just don’t charge this fee at all. Some lenders…

Is the Housing Marketing Crashing?
Tips

Is the Housing Marketing Crashing?

Today is much different than 2008! 2008 was the result of mortgage fraud and no document qualifying loans. But what does that mean simply? Well here is what happened back in 2003‐2007 that lead to the 2008 housing boom. For you to fully understand why the 2008 crash will not happen again, you must read…

Mortgage Brokers VS Banks
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Mortgage Brokers VS Banks

Myths vs Facts! We’ve all heard it! Don’t go to a mortgage broker… go to a bank! Or Don’t go to a bank… go to a mortgage broker! Let’s start off with the basics that a mortgage banker and a mortgage broker in Las Vegas have in common.  When your loan closes, its all sold…

Importance Of Debt To Income Ratios (DTI) For Loan Modification
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Importance Of Debt To Income Ratios (DTI) For Loan Modification

One of the most important qualifying factors for the loan modification process is the debt-to-income (DTI) ratio. If you can understand this concept and how will it apply to your unique circumstances, then you can increase your chances of being approved for a home loan modification. The reason is that your bank focuses on certain…

How Your Home Loan Can Be Affected By An HOA?
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How Your Home Loan Can Be Affected By An HOA?

Homeowner Associations (HOAs) are special platforms, which help residents tackle property management agencies in a better way. But, people sometimes feel that HOAs are over-policing them. It doesn’t matter if you like HOAs or hate them, they are here to stay. You will be surprised to know that the HOAs or Condo Association governs almost…

Different Types of VA Loans
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Different Types of VA Loans

The honor and prestige that US war veterans bring to the nation can’t be compared to anything. This is the reason that the government has always stressed on welfare development programs for making the lives of veterans as well as the ones who are still serving the nation. A Veteran Affairs Loan Program was launched…