I wrote my book about the 5 myths that can ruin your purchase including
1) ANY REAL ESTATE BROKER WILL GET ME A GOOD PRICE
2) ANY ATTORNEY CAN HANDLE A REAL ESTATE DEAL
3) I DON’T NEED AN INSPECTION THE HOUSE IS VERY CLEAN
4) ANY MORTGAGE BROKER CAN GET ME THE BEST RATE
5) I WILL BE IN THE HOUSE ON THE DATE [...]
Recent underwriting changes have made mortgage lending decisions look more like the 1990 ’s which makes getting a mortgage harder. These new policies should inject some needed sanity into the lending process and make lenders and borrowers more secure which will help the real estate market and the economy as a whole. Expect to be [...]
The key question is “Did I save money by refinancing?” If you are able to get a better interest rate and save closing costs (mortgage tax, bank and title fees) does this refinance make financial sense? It is possible that the cost of the refinancing process can outweigh the monthly savings. The easiest way is [...]
Call me and let me know your plans. I will ask you to send me a copy of your current mortgage statement to determine your interest rate and principal balance and we will discuss your goals. Depending on your credit and income I will suggest a couple scenarios and different lenders to contact. I will [...]
Besides making you clear on the goals of your refinance your attorney should be able to review your GFE and point out where potential cost savings may occur. From suggesting potential lenders to trying to get the lender to accept a modification or assignment your lawyer’s familiarity with lending practices should help you understand the [...]
5 Myths That Can Ruin the Purchase of Your Home
