Understanding what a lender needs in order to justify approval of a mortgage can be very helpful if you decide to purchase a home. The lender is looking mainly at five factors in evaluating your qualification for a home loan. Cash or Capital Assets - The funds you have available for the down payment and … Continue reading Understanding What A Lender Needs To Approve A Loan
How many times do you get upset with your co-workers, clients, family and friends? If only they understood the pressure you were under and would stop being so inconsiderate. If they could only walk a mile in your shoes! Well Skippy, whenever I start thinking this way, I remind myself why I'm here. I'm here to serve others...it's a … Continue reading My Family Is Driving Me Crazy!
Whether you're ready or not, as life changes, so do your housing needs. Families grow. Careers unfold. Lifestyles shift. One way or another, your circumstances change, and you may find yourself looking for a more comfortable home, one that's in a new locale, or just a better place for your current living pattern. Over the … Continue reading Are You Thinking of Moving Up?
In the book, Good to Great, the author Jim Collins states people fall into three different categories: The Optimist (bound to be eventually dispirited) The Realist (doom-sayer) The Stockdale Paradox What Is The Stockdale Paradox Stockdale Paradox individuals are those that retain faith they will prevail in the end, regardless of the difficulties AND at … Continue reading Are You An Optimist, Realist or Stockdale?
This simple, four-step walk-through to loan closing will help you understand the procedure and give you an idea of what to expect. 1. Processing When we initially meet, I will request and collect the information needed to process your loan. Documentation requirements vary depending on the loan program you apply for, as well as your … Continue reading The Home Loan Process — Part 2 of Applying For Your Loan | Final Installment
Whether we meet face-to-face or talk on the phone my initial step will be to explain and walk you through the application process. It is a simple interview, and most of the information you'll need can be taken straight from your credit report. The amount you'll actually need to provide on your own isn't overwhelming. There are generally … Continue reading Information You’ll Need To Provide — Part 1 of Applying For Your Loan
This video from CNBC via YouTube does a terrific job of illustrating how sub-prime mortgage defaults are impacting mortgage rates overall. There's some jargon in there, but overall, it's very easy to follow. ______________________________________________ Serving the mortgage needs of Kennesaw, Marietta, Roswell, Smyrna, Powder Springs, Dallas, Acworth, Woodstock, Douglasville, Hiram, Austell and Atlanta. Subscribe to … Continue reading How Investment Bankers Made Suprime Loans Into “AAA” Prime Loans