Specific types of mortgage loans take longer to close than others. Here are the various types of loans and the approximate length of time necessary to close
27
Mar
2014
We strive to provide the best Mortgage and Real Estate information on current programs, news and the industry at large. Please subscribe to our blog to receive updates via email. Follow the conversation at #MortgageUpdated on twitter or #MortgageUpdated on Facebook for the latest industry updates and helpful articles from around the blogosphere!
The focus of #MortgageUpdated is to be a source of material that can used by everyone. For example, real estate agents can find useful tips on improving their marketing, staying up to date with social media changes, and developing a plan to set themselves apart from their competition.
In addition, mortgage lenders can stay up to date with changes in mortgage rules, learn about new programs and find out how peers are creating a lasting impression on their clients.
Lastly, people who are buying or selling a home are the most important part of our focus. We want to educate our clients, and the clients of our peers, so that they can enter in to a real estate transaction armed with the best knowledge for their situation.
06
Mar
2014
While the cash gift is not only allowed but encouraged by the Federal Housing Administration, there are rules to how the money can change hands and how it is all documented. If the steps are not followed it is very likely that the home loan will be rejected.
20
Feb
2014
The aim of the FHA 203k programs is to allow people an opportunity to purchase and either repair or renovate the property before moving in.
29
Jan
2014
Illinois no money down home loans enable those who have not been able to save for a down payment to realize the dream of home ownership. We offer three mortgage programs still available with little or no money down 100% financing for all Illinois residents:
21
Jan
2014
Understanding how an FHA loan works can relieve stress for home buyers in the same kind of way. Here are some of the major points to consider.
09
Jan
2014
Here are some major questions any potential home buyer should ask their mortgage lender before signing up for a loan.
07
Jan
2014
Without a doubt there is a bit of a learning curve for most first time home buyers when it comes to mortgages.
30
Dec
2013
The VA program has gone well beyond helping a group of returning soldiers obtain a loan to the point that whole generations have benefited from the VA’s efforts. For people that meet the requirements a VA mortgage beats out other types of home loans in big ways.
19
Mar
2013
Although home inspections are advertised regularly and recommended by mortgage lenders as well as real estate agents, first time home buyers may still be a little unsure about the purpose of the inspection. In a nutshell, the inspection gives the buyers a full view of the home’s condition at the time of purchase. This represents a base line from which the buyers can build their knowledge for future repairs or renovations.
19
Nov
2012
Although some analysts may still have a few questions about the real estate recovery, historically low rates along with an excellent inventory still make this a great time to purchase a home. However, buying a home is a negotiation. And the side that is best prepared in any negotiation usually comes away with the better deal. Here are some vital questions about home buying and the key to understanding each one.
John Wick
NMLS ID#: 248499
With many years of experience in the mortgage banking industry, and extensive practice in originating home loans for bot...Read More →
John Waite
NMLS ID#: 1193099
With over 15 years of Mortgage Lending experience, as a Loan Officer, Broker, Processor, Underwriter and Realtor, and 25...Read More →
