Thanks to President Obama’s recent directive to HUD to reduce the PMI there are three million homeowners who can now refinance at today’s historic low interest rates without any credit, income, or appraisal requirements! The programs is designed to help …
Streamlined FHA Refinance No Credit, Income or Appraisal Required! Read more »
Frequently Asked Questions and Answers to the new Conventional 97% Mortgage. Is the Conventional 97 a government-backed mortgage program? Yes, the Conventional 97 mortgage program is backed by the government. It’s offered via Fannie Mae only. The program is not …
According to research of the foreclosures during the past 7 years, chief among the cited reasons were lack of down payment, undisclosed debt by the buyers, reduced credit requirements, and unstable income. In response to greater accountability to Washington lenders …
Early in your loan application process, your lender will arrange for a home appraisal. Borrowers are sometimes confused about this process. They have a pretty good idea about what the home they want to buy is worth but the appraised …
It is much easier to get paid charge-offs removed than unpaid charge-offs. There is no incentive for the creditor to fight the dispute, since they already have their money. So if you dispute the charge-off, the credit bureaus will send …
How is my credit score impacted by paying a charge off? Read more »
FAQ – What is a Charge Off? A charge-off is an accounting term used for when a creditor writes off or charges-off a debt that they are unable to collect on. Creditors typically charge-off a debt if there is no …
As a mortgage lender since 1998, I have helped literally thousands of families embark on their new journey of homeownership and while it can be exciting, it can be chaotic it doesn’t have to be overwhelming. As with any journey, …