What's New in the Mortgage Market?

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Mortgage and Lending - Inlanta Mortgage - NMLS 182565, FL LO# 12
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ARCHIVED BLOG POSTS

2011 

This is excellent information for sellers who need to short sale their house. An honest look at the short sale process and the thought process of the lender. Why Short Sale? – FREE information on Foreclosure Defense, Mortgage Modification, Tax Consequences, Deed-in-lieu-of-foreclosure, Short Sale...
03/30/2011
Seek a Qualified Mortgage Consultant to Ensure the Best Results Understanding Credit Scoring & Credit Repair   Credit remediation is a subject consumers often face with fear and trepidation, and for good reason. With the exception of recognizing that the best score wins, the average home shopper ...
03/30/2011
Can you really buy a HUD home for a total of $100? Absolutely not! But if you're a qualified buyer, you can use an FHA loan to buy one of HUD's specifically designated homes for sale -- with only a $100 down payment! For a limited time, $100 down payments are available to owner-occupied home buye...
03/30/2011
There's great news for homeowners! Congress recently extended legislation making private mortgage insurance (PMI) premiums tax deductible through 2011! So why is this significant? PMI can help people buy a home sooner, by enabling them to put less than 20% of the purchase price down when buying a...
03/29/2011
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Credit Remediation If you have clients in need of credit remediation, and especially if you live in an area where this is an overall problem within the population, you should seek to align yourself with a credible referral source for credit repair. While government web sites will suggest that sel...
03/29/2011
Part III: Dealing with Challenges Typically, a person with a low credit score is in this position because they lack structure in his or her life. There are, of course, cases where unplanned health or employment complications are to blame, but for the most part, these are individuals who lack the ...
03/27/2011
Part II: The Five Factors of Credit Scoring There are five factors that comprise the credit score. They are listed below in order of importance, just as an underwriter would look at the score: Payment History: 35% impact. Paying debt on time and in full has a positive impact. Late payments, judgm...
03/25/2011
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Part I: Good Credit Translates into Lower Rates for the Consumer In the 1960s, Fair Isaac Corporation started working on a system lenders could use to evaluate the likelihood of receiving repayment on loans. Prior to that, it was really a matter of trusting an individual to be a "man of his word,...
03/24/2011
USDA Rural Development and its loan program were designed to help improve the economy and quality of life throughout rural America. The program continues to remain a wonderful option for qualifying homebuyers, with zero down payment required.But a change is coming!Beginning October 1, for the fir...
03/21/2011
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Discuss what's new in the real estate and mortgage industry