Find Out Who’s Tracking You

You already know that your credit use is tracked and reported by the three major credit bureaus, and that we access those credit scores in making lending decisions.Are you aware of the many other ways your activity is being monitored?There’s a 19-page report from the...

Have You Missed the Boat?

A nautical reference seems about right, given all the chatter about homes across America being “underwater”.  The term refers to owing more on your home than its current value.You’ve heard about the loan programs available for refinancing if you’re in that position,...

Shopping Around for Home Loans

Here’s the Inside Scoop on How To Do It Right! First: make sure you are working with an experienced, professional loan officer. The largest financial transaction of your life is far too important to place into the hands of someone who is not capable of advising...

It’s Greek to Me – Terms to Know

The mortgage industry is full of terms that are foreign to many people. The following glossary of terms should help you translate the mortgage language into plain English and help you make sense of the mortgage process. A-D / E-H / I-P / Q-Z Appraisal: An expert...

Buying a Home After Short Sale or Foreclosure

Lots of families who lost their homes are eager to get back into the housing market. Here’s the scoop on time frames and reestablishing credit to help make yourself eligible to qualify for a mortgage in today’s lending climate.Foreclosure is the taking back of a home...

News You Can Use

Here’s something new about the HARP refinancing program we haven’t heard before. The Home Affordable Refinance Program is the one that might let you “refi” if your loan is “seasoned” and you owe more than the home is worth.Lots of folks like mortgage debt because they...

There’s More To It Than You Think

Let’s run down some common situations that might cause trouble with your purchase or refinance loan application. If you want a reverse mortgage, sit this one out: Reverse mortgage doesn’t make you qualify except by being over age 62 and having equity in your home. “My...

Think Twice Before You File

Do you plan to participate in the real estate market this year? Have you put off your appointment with your tax man? Your delay may be to your advantage if you are self-employed and have choices about how much to write off in expenses for your year 2012 returns.Before...

Underwater Borrowers Catch a Break

Your neighbors are saving money! Even though there are foreclosure sales in your neighborhood driving down home values, don’t give up hope. Here are profiles of four local families who managed to refinance their “underwater” mortgages.The DM family bought their home...

Keeping Important Paperwork

Until we enter the age of the “paperless mortgage”, buying a home can include a mountain of paperwork. Much of the forms used are boilerplate forms and can be shredded after the close of escrow. But what are the most important documents to have handy?You should keep a...