Let’s Play Twenty [Mortgage] Questions! >>>I’ll take RESPA for $200, Alex. Oops, wrong game. No one is in Jeopardy here. We’ve been blogging along for a while. It seems, then, an appropriate time to test your knowledge, see if you’ve … Continue Reading

We recently discussed how to secure funds from wealthy family members and acquaintances to use to buy a home. Not really – we discussed standard home loans such as the 30 year fixed, adjustable rate mortgages (ARMS), and short-term fixed … Continue Reading

Choosing a Home Mortgage You’ve decided to buy a house! Congratulations! Your next decision, which you should have already considered in depth, is how to pay for it. Ideally, you’ve just won the lottery! Or you recently inherited mucho money. … Continue Reading

Let’s assume John and Mary Smith are buying a house and visit a mortgage loan office to complete an application for a home loan. Listen in, early in the process. Mortgage Loan Officer: What is the LTV? J&MS: What is … Continue Reading

When you apply for a mortgage, there is the chance that your life and/or financial circumstances may need clarification. If so, it is possible that you must write a Letter of Explanation (or LOX in mortgage-ese, also known as LOE … Continue Reading

If you read the previous posts on property and underwriting you are nearly at the “There will be NO surprises!” stage of applying for a mortgage.  But to ensure you’re seeing the same nude photo of yourself that your mortgage lender is … Continue Reading

I am choosing to exercise a woman’s prerogative here and changing my mind. Instead of concluding the series on “Giving Your Underwriter a Naked Picture” (more professionally known as The Mortgage Insider’s Guide: 5 Tricks To Get Your Mortgage Approved), this article … Continue Reading