medical collections dragging your credit score down? Beginning July 1st, 2022,
credit companies will make it easier for homebuyers to not get penalized for
some medical collections! Contact us today to get started on your dream home
loan has been approved, the closing process begins. During closing, the
property title passes from the seller to the buyer. A closing agent, usually an
attorney or official from a title company, oversees this process. The closing
documents are then signed, the loan is funded and the proce
processor submits the complete loan file to underwriting, it is checked to make
sure the borrower and property meet all of the guidelines for the loan. The
underwriter is responsible for approving or denying the loan application. Loans
are sometimes approved with conditions. Once the borrower ful
processors will verify all documents relating to the borrower as well as the
property being purchased. They will review all of the information in the loan
file, request any additional documentation, and assemble an orderly and
complete package for the underwriter.
have found a home and have gotten into contract, our home loan experts will
assist you through filling out the official loan application. The property
information will be entered, any documentation that needs to be updated will be
requested and you will be issued disclosures to review and sign.
When the housing market is slow, buyers can become easily and understandably frustrated. Rather than putting yourself and your family through that, why not rethink a refinance? Even if you still plan to relocate in the future, you can always borrow from your current equity to renovate and make your home more appealing to you now. Then when the market becomes more fluid, your renovations w
Interest rates have varied greatly over the past 50 years. We've historically seem them fluctuate from year to year. However there's no denying that in recent times, we've seen them at very attractive lows. No one knows how long these trends will remain or when they can shift. One thing is for sure, there's no time like the present to take a look at your options, whether buyin
Are you a first time homebuyer? Lake county has a down payment assistance program that can get you $20,000, $30,000, or $40,000 towards your down payment! There are income limits and other qualifications apply. Call us today to see if you may be eligible!
With property values increasing many people are finding that a manufactured home meets their housing needs in a very affordable way. There have been concerns in the past that they were not as safe as single family block homes however we require that manutactured homes we lend on meet current building codes. We get an engineer's report in most cases to verify it meets those strict gu
It happened again. My buyer "Chris" found the perfect house and made an offer. It just went on the market the day before. Sweet home, great condition, superior location, and priced right. While pre-qualified, for weeks I had been trying to get Chris to understand the importance of providing us with his paystubs, tax returns, bank statements, etc. so we could ar
Effective today The Mortgage Firm is now sending out closing packages for e-signatures! Most all documents can be signed electronically while just a few documents, the mortgage and note for example, need to be signed in person at the title company. I was a part of the pilot program. The closing lasted 13 minutes! Let me know if you have any questions.
I’ve been noticing a credit trend recently. Young homebuyers who saw their parents struggle during the recession about 10 years ago are choosing to stay away from credit. They pay cash for most everything for fear of finding themselves in the same scary financial situation.
And then they try to buy a house. Obtaining credit can be a challenge if you have none to begin with. But he
Not so fast on that refinance! Many mortgage companies will convince you that refinancing your current mortgage is a smart move, but there are so many factors to consider other than just lowering your rate. Every case is different and you must look at how many years you have left on your current mortgage, how long you think you may l
Of all the factors that go into qualifying for a mortgage (income, assets, job stability), credit rating is the one factor that seems the most difficult for many to overcome. Luckily it is the easiest to improve! Here are the most misunderstood facts regarding credit:
Lack of credit prevents many from qualifying. While many prefer to pay cash, if you want to qualify
USDA (United States Department of Agriculture) housing programs have helped thousands of families over the years purchase homes with no money down. The program was instituted about 40 years ago to promote homeownership in rural areas. For years, Lake county was considered rural and this has been no doubt a popular financing option. You could not get this loan in Orlando!