When your Lender takes a mortgage application, there are multiple steps and pieces to it as a single component such as the credit report does not tell the whole story. If the information you provide is not complete or is … Continue reading
Until one finds themselves in need of a mortgage while in the throes of a divorce or just coming out of one, it would be rare that they have any understanding of how the nuances of the lending guidelines may … Continue reading
Credit scores are one of those things that both consumers and sometimes lenders scratch their heads and say, “How did they come up with THAT credit score?” The scores you hear about the most are FICO scores (acronym for the … Continue reading
Have you ever given it a second thought? Who owns the client? A Florida mortgage loan officer may have found out the hard way that their former employer did! Consider the following: In our current climate, Lenders are recruited daily, … Continue reading
I’m often asked what an impound or escrow account is and why some Borrowers are required to have one and others are not. So, here’s the skinny! What we as Lenders refer to as either an impound account or an … Continue reading
When asked “what is your advice to home buyers who have just purchased a home”, a group of Realtors came up with the following list: Change the locks Change the garage door opener codes Change the utilities into their name … Continue reading
Making it big in business after age 40
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Mortgage Info By Michelle Wickett 