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Surprisingly, since the so-called mortgage meltdown of 2008 mortgage fraud has risen exponentially, so much so that the FBI has a dedicated Mortgage Fraud unit within its White Collar Crimes Division. The increase has been attributed to four primary reasons: …

What is Mortgage Fraud? Read more »

  7 Questions Every Borrower SHOULD ask a Loan Officer That could save you thousands on your next mortgage #1 How long have you been a mortgage lender? Just as experience with your lawyer, CPa and doctor matters, so does …

Seven Questions to Ask any Loan Officer Read more »

Experienced real estate agents have significantly higher success rates and sell their listings for an average of $26,000 more than those listed with rookie agents.

Working with Realtors; Why Experience Matters I’ve been a mortgage loan officer since 1998. During that time I have helped literally thousands of families to purchase and finance their homes. During that period I have also worked with hundreds of …

Working with Realtors; Does Experience Matter? Read more »

In this Google Hangout we discuss the recent changes to the USDA Rural Development Loan Program

Most people are unaware of CLUE Reports and how they affect property ownership and protection. CLUE Reports include not only accepted claims, but denied claims and inquiries. They are meant to be a comprehensive record of all loss history on you as an individual and on a property.

There is no guarantee that the lender will always try to collect the deficiency judgment. Yes, having a judgment doesn’t mean the lender will surely collect it. After all, lenders will have to spend enough to pursue the collection. Only if you’ve enough bank balance, steady source of income or other real estate properties, then your lender may try to collect the judgement.

Contrary to many schools of thought there are still mortgage loan programs which permit the use of gifted funds for some or even all of a borrower’s down payment. In this post, we will focus on FHA loans specifically. Although …

When are Gift Funds Allowed? Read more »

The new federal agency Consumer Finance Protection Bureau’s  (CFPB) Qualified Mortgage & Ability To Pay  (ATR) regulations require mortgage lenders in Raleigh and Cary and all other US markets to clearly establish and document a borrower’s ability to be expected …

FAQ – What is a ‘Qualified Mortgage’? Read more »