Just a reminder to set your clocks back one hour before you go to bed tonight or you could always stay up until Sunday, November 2, 2008 at 2:00 am in observance of Day Light Saving Time.
Is My Preapproval Still Valid with all the Rate Changes?
October 29, 2008 by Leave a Comment
My clients and readers ask such great questions…I just received this one from one of my clients that I’ve been working with since June of this year:
“…with all the rate changes how is our pre-approval looking? It the original amount still applicable?”
Financing Investment Properties
October 23, 2008 by 6 Comments
EDITORS NOTE: This post was written during the subprime era and may not apply to current lending.
Many folks are taking advantage of this market by purchasing investment properties. Before you do, I strongly recommend getting preapproved with a Mortgage Professional and reviewing your options. There have been serveral changes to guidelines.
Rates on Bank Websites
October 23, 2008 by Leave a Comment
I received this email from a client yesterday. Since it’s a common question, I thought I’d share it with you:
“I just noticed on the [big bank’s] website that the conforming mortgage rate with 1 point is now 5.75.
Do you know what type of rate it would be for conforming jumbo without paying a point?
How much do you anticipate my closing costs will be if I decide to refinance? I know [big bank] has a new program now where they pay for all closing costs besides interim interest and taxes when you refinance. Do you know if any other banks offer the same program?”
How to Read a Title Report
October 21, 2008 by Leave a Comment
My title and escrow partners at The Talon Group are at it once again. This time, they’ve produced an entertaining video on how to read your title commitment. Whenever you buy, sell or mortgage your home, odds are you receive a title commitment (aka title report). It’s important to take a few moments to review what’s showing against your property.
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