Mike's Blog

The loan approval that you receive today could fail to close due to the lack of follow through required by consumers and their loan officers as stipulated directly within the loan approval itself. A loan approval contains several stipulations by a mortgage underwriter that requires the verificati...

For many consumers, a mortgage loan closing can be very intimidating.  The large amount of loan disclosures, the various covenants contained within the actual mortgage documents, and the complex calculations that make up the Annual Percentage Rate (APR) for the loan are just some of the items tha...

A very effective method of selling real estate in a buyer's market is to consider offering owner financing, which can offer both the buyer and seller many benefits in the selling and financing of real estate.  Unlike many seller's who may end up giving a deep discount to sell their property outri...

Financing the purchase of a home is getting more difficult these days, especially for those consumers who may have recent or past credit delinquencies in their credit file.  Credit score requirements by most mortgage lenders are changing on a weekly basis, requiring no less than a 550 middle scor...

The loan approval from your bank or mortgage lender to finance a home purchase may not include many homes for sale in "As-Is" condition, so it is critically important that you recognize this before committing yourself to a purchase contract. Several purchase contracts have failed to close recentl...

Question: What do you get when you combine a dishonest mortgage broker, dishonest title agent, and a dishonest real estate appraiser?  Answer: heavy fines as well as a lengthy prison sentence! Law enforcement officials and government regulators are cracking down hard on people involved in all asp...

  The interest rates and closing costs that you shop for today for a mortgage loan could be dramatically different when you get to the closing table.  Unscrupulous mortgage broker and bank loan officers are intentionally quoting low interest rates and even lower closing costs as a way to get cons...