Mortgages, Bank Mortgage, Loan Officer, Property Legal Services

What Is PMI? Private Mortgage Insurance, Explained

February 20th, 2019 | Mortgages

If you need a mortgage to buy a house but lack the funds to make a 20% down payment, you might end up paying an added fee called private mortgage insurance, or PMI. So what exactly is PMI? In the same way homeowners insurance protects you in case of problems in your home, PMI protects […]

What Is a Good Credit Score to Buy a House?

February 13th, 2019 | Mortgages

What Is a Good Credit Score to Buy a House? If you’re hoping to buy a home, one number you’ll want to get to know well is your credit score. Also called a credit rating or FICO score (named after the company that created it, the Fair Isaac Corporation), this three-digit number is a numerical […]

What Is a Reverse Mortgage? The Real Risks and Rewards Revealed

February 13th, 2019 | Mortgages

What is a reverse mortgage? Most home buyers applying for a loan know what a mortgage is, but a reverse mortgage may seem far less familiar. Maybe you’ve heard this mortgage term bandied about, and maybe have even seen the late-night TV ads promoting them. But people are often confused or all-out clueless on the details […]

Foreclosure vs. Short Sale: What’s the Difference?

February 12th, 2019 | Mortgages

Foreclosure vs. Short Sale: What’s the Difference? What is the difference between a foreclosure and a short sale? Foreclosures and short sales are both options for homeowners who fall behind on mortgage payments, but it’s important to understand the difference between these two processes. So if you’re struggling to pay your mortgage and aren’t sure what to […]

Outdated #Mortgage Advice You Should Ignore Right Now #MortgageLoan #RealEstateLaw #RealEstateAttorney #ClosingAttorney

February 7th, 2019 | Mortgages

That’s So 2018! Outdated Mortgage Advice You Should Ignore Right Now Buying a house is one of the most exciting things you’ll ever do in your life — and signing the mortgage for that house will probably be one of the most terrifying. Since navigating the home loan process can be scary to do alone, […]

The Price of Entry for First-Time Homebuyers

January 31st, 2019 | Mortgages

A new report highlights how expensive it is for first-time buyers to break into the housing market. The post The Price of Entry for First-Time Homebuyers appeared first on theMReport.com. [ read full article ]

#SelfEmployed still face #homebuying hurdles post-crisis #RealEstateAttorney

January 31st, 2019 | Mortgages

Self-employed still face homebuying hurdles post-crisis Both self-employed and salaried workers have seen their use of mortgages and homeownership rates decline since 2007; however, the rate of decline in each case is significantly greater for self-employed workers. #ScotsmanGuide A new study from the Urban Institute suggests that the mortgage industry has had a problem qualifying […]

No #PayStub? No Problem. #UnconventionalMortgages Make a Comeback #MortgageLoan #ClosingAttorney #MassachusettsHomeBuyers

January 29th, 2019 | Mortgages

No Pay Stub? No Problem. Unconventional Mortgages Make a Comeback Aryanna Hering didn’t have pay stubs or tax forms to document her income when she shopped around for a mortgage last year—a problem that made it tough for her to get a loan. But the nursing student who works part time providing home care for […]

#FannieMae #FreddieMac Changes #Shutdown #Mortgage #UnderwritingShift #RealEstateClosingAttorney

January 29th, 2019 | Mortgages
Freddie FANNIE

Fannie/Freddie Changes Run the Gamut, Including Shutdown Underwriting Shift “Some people are so poor, all they have is money.” How about “26 of the World’s Richest Own the Same Wealth as Poorest Half” in the world!? To the best of my knowledge the PUGS (partial U.S. government shutdown) is not helping anyone’s wealth and is […]

How to #Donate a House and Why You Might Want to Really Do It #RealEstate #ClosingAttorney #EstatePlanning

January 29th, 2019 | Mortgages

How to Donate a House and Why You Might Want to Really Do It While donating money, art, and other possessions may be common, there are instances when people might wonder how to donate a house. This question might crop up if there’s an organization you’d like to support, and you have a house you want […]

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