Understanding how your Credit Works

Credit scores were developed by Fair Isaac and company (FICO). The models created using FICO take all the detailed information about your credit report and produce your credit score using different weights and factors contained in the FICO scoring models. The purpose of a FICO score is to show how likely you are to becomeContinue reading “Understanding how your Credit Works”

Home Buying Closing Costs: What to Expect

Your mortgage lender, real estate agent, real estate attorney, or settlement agent should be in touch with you a few days before your closing settlement with the final amount of money you’ll need to close on a purchase of a home. However, in some cases, the call may come too close for comfort and mayContinue reading “Home Buying Closing Costs: What to Expect”

How to Shop for a Mortgage

After hitting record lows of 3.250% last year, mortgage rates have inched up a little and in the grand scheme of things…it is only a little!  The trend of course is upwards and like the stock market, it is not a straight line up, we have good days and bad days in the markets and MortgageContinue reading “How to Shop for a Mortgage”

The Good Faith Estimate

A good faith estimate (GFE) must be provided by a mortgage lender or broker in the United States to a customer.  The estimate must include an itemized list of fees and costs associated with the loan and must be provided within three business days of applying for a loan.  These mortgage fees, closing costs andContinue reading “The Good Faith Estimate”

Veterans Day: It isn’t Just a Holiday

Veterans Day 2013                                                                  Honoring Those Who Served Veterans Day gives Americans the opportunity to celebrate the bravery and sacrifice of all U.S. veterans.Continue reading “Veterans Day: It isn’t Just a Holiday”

Rate Plug Marketing for MLS

Rate Plug is a marketing tool that is already linked to your Multiple Listing Service and even better, it is Free to you as a Real Estate Broker.  Below is a standard marketing sheet that is automatically created once your listing is posted to the MLS.  If can be used in a PDF format, AContinue reading “Rate Plug Marketing for MLS”

10 Tips for First Time Homebuyers

1.  Be picky, but don’t be unrealistic.  Your first home may need a little work, some paint, carpet and perhaps some other updates.  Remember, this is your first home and the first step in investing in your future. Don’t avoid a home because it has bright pink walls or ugly floors.  Do avoid a homeContinue reading “10 Tips for First Time Homebuyers”

FHA to increase fees…Again!!

FHA is once again increasing mortgage insurance premiums (MIP) on all new purchase and refinance transactions. Effective for FHA loans that have been assigned on or after June 3, 2013 and in addition to this increase, the Annual Mortgage Insurance Premium will remain for the life of the loan. Meaning, you can only remove theContinue reading “FHA to increase fees…Again!!”

National Open House Weekend April 20 and April 21, 2013

Did you know it is National Open House Weekend?  The National Association of Realtors is expecting to sell almost 10% of the current inventory. With lots of homes on the market and great low rates, this spring market is turning out to be fantastic!  This weekend real estate agents from around the area will beContinue reading “National Open House Weekend April 20 and April 21, 2013”

Another Reason to Own A Home

In case you need another reason to purchase a home for you and your family; Here is an article I just read in the National Mortgage Professional Magazine, “Study Concludes Homeownership Tied to Positive Outcomes for Children“.  According to a new study by professors Richard K. Green and Gary D. Painter at the University ofContinue reading “Another Reason to Own A Home”