Mermaids, Monsters, $0 Money Down Mortgages and Other Mythical Creatures

Shopping for the most affordable mortgage? If you are, perhaps you’ve come across newspaper or magazine ads promising “Zero money down” mortgages. Though intriguing, tempting and worthy of investigation, they may also be downright misleading — intentionally. Read the fine print. If the advertisements hide fees or don’t fully disclose the terms of the offer, … Continue reading Mermaids, Monsters, $0 Money Down Mortgages and Other Mythical Creatures


Termite Inspections…The Good, the Bad and the Ugly

Once referred to universally as a “termite letter,” a real estate inspection performed by a reputable pest control company is known regionally as a clearance letter, CL100 or a realty termite inspection. The purpose of the termite letter is to report to the mortgage lender, home seller and home purchaser whether or not a wood … Continue reading Termite Inspections…The Good, the Bad and the Ugly


Real Estate Appraisals…Some Points To Consider

As some home sellers have discovered the hard way, listing their home at an unrealistic price pretty much guarantees a longer stay on the market. In an effort to obtain top dollar for the sale of their home, many properties “for sale by owner” are very often priced too high. As a result, there seems … Continue reading Real Estate Appraisals…Some Points To Consider


The Lucrative Business of Identity Theft

The most recent statistics provided by the Bureau of Justice confirm that identity theft in the United States accounted for losses of nearly $25 million in 2012. Nearly 13 million victims suffered either a direct or indirect loss as a result of identity theft. All other burglary, motor vehicle theft, and petty theft combined only … Continue reading The Lucrative Business of Identity Theft


Your Credit History And The FHA Loan

Often, prospective borrowers hopeful of qualifying for an FHA loan worry that late or slow payments on their credit history will jeopardize their chance of obtaining FHA approval. Let’s take a quick look at what the FHA lending rules say regarding late payments. In the Housing and Urban Development (HUD) guidelines for participating FHA lenders, … Continue reading Your Credit History And The FHA Loan


What You Need To Know About Reverse Mortgages

In an effort to repair some of the pitfalls that plague reverse mortgages, a new regulation was recently introduced that will allow the spouses of borrowers who die to stay in their home without the threat of foreclosure. The surviving spouse must continue to pay property taxes, homeowner’s insurance and HOA dues. Effective August 4, … Continue reading What You Need To Know About Reverse Mortgages


Anatomy Of A Loan Closing, Or…

“What Exactly Am I Signing Again?” For many homeowners, signing the contract to purchase a new home seems like the culmination of the search for the perfect home. For others, it’s securing a mortgage loan commitment from a lender, guaranteeing loan approval and allowing the prospective borrower to breathe a sigh of relief. Still, for … Continue reading Anatomy Of A Loan Closing, Or…


Homeowner’s Insurance…Who Needs It?

The age-old question, of course, is a rhetorical one. And the simple answer is “anyone that owns a home or owns possessions in a home or apartment in which they reside.” Long seen as a “necessary evil,” homeowner’s insurance is one of the many expenses in life that we may take for granted — even … Continue reading Homeowner’s Insurance…Who Needs It?


The Dynamic Duos Of The Home

Tis the season for the big decision…should we buy, sell, or refinance our dream home? Whatever your decision might be, there are two very basic considerations/decisions to think about in order to maximize your home’s value. DYNAMIC DUO NUMBER ONE THE KITCHEN AND BATHROOM…Improvements, that is the cost, to these rooms MAY result in the … Continue reading The Dynamic Duos Of The Home


Do You Know Your Credit Score?

We’ve all seen the commercials and listened to the jingles. But the question remains, “Do You Know Your Credit Score?” As important as credit scores are in obtaining consumer credit today, few Americans regularly check their credit reports and even fewer have little if any idea what their credit score is, the Consumer Financial Protection … Continue reading Do You Know Your Credit Score?


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