Mortgage Help Category
What is a Credit Score?
Who decides what your Credit Score is?
How does the score affect YOU with your Home Mortgage?
How do you improve your Credit Score?
Who do You ask for help with your Credit Score if you are wanting to purchase real estate in Bryan College Station?
What is a Credit Score?
Your Credit Score is a number, up to 850 that lenders, insurance companies, banks and employers use to determine your "worthiness", willingness to pay, past stability and ability to...Continue Reading!
Bryan, TX -- In a slower real estate season, what good is your appraisal? Verdad Valuation Services owner
Kelly Seaton says plenty. It's still a reliable tool to know when a buyer presents the seller with a low-ball offer or when it's a good deal.
"In June and July when business is booming, sales data was plentiful. Last months sales were a good indicator of a property's present value," Seaton said. "When there is a sudden shift in...Continue Reading!
Last time we learned that PMI, like PMS, doesn't last forever. Aside from home owners asking for it to be removed and aside from lenders terminating it when the principal balance of the loan reaches 78% of the original loan amount, there is another way to have it eradicated.
For people living in areas where their home value has risen, the value could actually exceed the amount of principal owned on the mortgage. In this situation the lender is under no...Continue Reading!
With all that is going on in the mortgage and banking world right now, don't you wonder WHY? Why did this mess begin? What started it? Didn't anyone see it coming?
Yes - someone saw it coming. The New York Times actually reported it coming back on September 30th in 1999. How many years ago is that? Maybe it was while Clinton was President, not George Bush....
In 1999 Steven Holmes from the New York Times wrote that Fannie Mae was under...Continue Reading!
Here are some interesting items from the new housing bill that you may not have heard yet....
When reviewing an article on www.BankRate.com, I noticed an article on More Regulations on Reverse Mortgages. A reverse mortgage is an advance against home equity. It's for homeowners age 62 or older, and the reverse mortgage doesn't have to be repaid until the borrowers die or move out.
Because reverse mortgages are elderly borrowers, there is concern that dishonest lenders and brokers...Continue Reading!
Have you been thinking about buying a home in the near future? You might want to do that sooner rather than later.
A friend of mine in the mortgage business told me today that there will soon be a change in the cash investment required for FHA loans.
Currently, a minimum 3 percent cash investment is required for FHA loans. Soon, (more...)Continue Reading!
Credit Scores And How They Affect YOU
