03 Sep 2013
By Mark Feder
0 Comments

7 Tips On Getting A New Mortgage After Bankruptcy

Mortgage Tips
You have found your dream home and you are eager to get a mortgage, move into the property and start enjoying life there. However, there is only one problem standing in your way – the fact that you have been through some hard financial times in the past. If you (or your partner) have been bankrupt previously, will this affect your chances of being able to buy the home you want? The good news is that it is still possible to obtain a mortgage even if you have been bankrupt before. Here are some tips that will help you to…
Read More
21 Aug 2013
By Mark Feder
0 Comments

It’s Important To Follow These Specific Steps When Using Gift Funds For Your Down Payment

Mortgage Tips
As lenders tighten mortgage guidelines for Solana Beach home buyers, minimum downpayment requirements are increasing. Several years ago, you could finance a home with nothing down. Today, most conventional mortgages require at least 5 - 10 percent. Incidentally, these guideline changes have led to an increase in the number of home buyers accepting cash gifts from family. Gifts are allowed in most cases but the problem is, if you don't accept the gift in a "lender-friendly" way, the mortgage underwriter could reject it, and negate it. Three Steps To Success With Your Down Payment Gift Funds You can't just deposit a…
Read More
15 Aug 2013
By Mark Feder
0 Comments

These Overlooked Issues Can Become Deal-Killers For Your Mortgage Application

Mortgage Tips
A mortgage loan approval is never final until it's funded. And that means after you've signed the final paperwork and the bank has wired funds to escrow. Mortgages are made up of many moving parts, any of which might "go wrong" while your home loan is underway. Some are in your control, like deciding to purchase new items on credit during the mortgage process, many more are not. These "not in your control" items are the ones that you may not be thinking of. Just being aware of some potential pitfalls could help save your loan down the road, and your peace…
Read More
14 Aug 2013
By Mark Feder
0 Comments

Whatever You Do, Don’t Make These Common Mortgage Mistakes

Mortgage Tips
Are you applying for a mortgage on your home? Keep in mind that a mortgage is a major financial decision and choosing one will have a significant impact on the rest of your life. Many people go into this decision without understanding all of the essential mortgage information they need to know. This means that they may not make the best choices which could result in paying much more than they need to. If you want to save yourself from throwing away your hard earned money, here are a few common mistakes to avoid: Trying To Time The Mortgage Interest…
Read More