Posted on February 6, 2019 - 12:25 PM
by Donna Labar
What kind of lender is best? If you ask a loan officer, “What kind of lender is best?” the answer will be whatever kind of company he works for and he will give you a list of reasons why. If you meet the same loan officer years later, and he ...
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Posted on January 2, 2019 - 12:25 PM
by Donna Labar
What is a FICO® Score? FICO® stands for Fair Isaac & Company and is the name for the most well known credit scoring system, used by Experian. The credit bureau’s computer evaluates a complete credit profile and assigns a score, which is...
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Posted on November 28, 2018 - 12:25 PM
by Donna Labar
Mortgage Bankers Mortgage Bankers are lenders that are large enough to originate loans and create pools of loans, which are then sold directly to Fannie Mae, Freddie Mac, Ginnie Mae, jumbo loan investors, and others. Any company that does this is conside...
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Posted on October 31, 2018 - 01:25 PM
by Donna Labar
Your First Step Toward Buying a Home When preparing to buy a home, the first thing many homebuyers do is look at the real estate ads in newspapers, magazines and listings on the Internet. Some potential buyers read how-to articles like this one. The next...
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Posted on October 31, 2018 - 01:25 PM
by Donna Labar
Have These Items Ready When You Apply For a Loan It used to be that lenders mailed out verifications to employers, banks, mortgage companies, and so on, in order to verify the data supplied by borrowers. Nowadays, the interest is often in speed and getti...
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Posted on October 31, 2018 - 01:25 PM
by Donna Labar
Years ago, credit scoring had little to do with mortgage lending. When reviewing the credit worthiness of a borrower, an underwriter would make a subjective decision based on past payment history. Then things changed. Lenders studied the relationship be...
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Posted on October 31, 2018 - 01:25 PM
by Donna Labar
When you apply for a mortgage loan, you expect your lender to pull a credit report and look at whether you’ve made your payments on time. What you may not expect is that they seem to be more interested in your FICO® score. “What’s a...
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Posted on October 31, 2018 - 01:25 PM
by Donna Labar
When buying a home, it is not enough to just come up with the money. With the exception of no asset verification loans, lenders want to verify where the money for your new home will be coming from. If you can document that the funds are coming from your p...
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Posted on October 31, 2018 - 01:25 PM
by Donna Labar
This is a detailed summary of costs you may have to pay when you buy or refinance your home. They are listed in the order that they should appear on a Good Faith Estimate you obtain from a mortgage lender. There are two broad categories of closing costs. ...
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Posted on October 31, 2018 - 01:25 PM
by Donna Labar
An adjustable rate mortgage (ARM) has an interest rate that fluctuates periodically. This is in contrast to a fixed rate mortgage, which always has the same interest rate. Every ARM has basic components: An index A margin Adjustment Period An inter...
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Annie responded to our first contact to her email immediately and every request there after with the same expediency. She was very professional and personable with all our dealings. She has made our buying a very pleasurable experience. We would recommend her highly.Ernest Stewart
Ben was a great agent and was able to work well with my unconventional work schedule to provide showings and advice/assistance... And his assistance throughout the buying process was invaluable... I would definitely recommend Ben and all the staff at Sherlock Homes for anyone that needs a great real estate agent...Tim Herron
I would highly recommend Jill Yaeger and Sherlock Homes to anyone looking for a great agent to work with when buying or selling your next home! Jill was extremely helpful throughout the process of purchasing our last two properties, as well as the one we are currently selling. She is very pleasant, knowledgeable, and helps make the process of buying or selling a home much easier! Thanks for everything you have done to help!Derek Guiton