Category Archives: For Buyers

More on Mortgage Loans

Most lenders get their money from the same sources – from Fannie Mae (FNMA), Freddie Mac (FHLMC), and Ginnie Mae (GNMA). The standards are uniform and fairly strict for the loan to be approved.  In industry jargon, we call this … Continue reading

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How Your Interest Rate is Determined

In the good old days, a buyer called a lender, gave him income, debts and permission to pull what we call an “in file” credit report, and the deed was done. A pre-qualification letter was sent out and promises made … Continue reading

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Your Credit Score and your Mortgage Loan

It is a common mis-conception that you have just one credit score. The truth is, you have many of them. It all depends on what company is reporting the score. Lenders pull scores from a variety of sources. Even though … Continue reading

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Shrinking Inventory Strategy

Inventory is dramatically shrinking and it is commonplace in many markets to have multiple offers on a home. While the sellers would prefer to be able to choose the best offer for them, it can be incredibly frustrating for the … Continue reading

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Consideration could be the key to your new home

Consideration associated with a contract is generally thought to be the price and terms but being sympathetic and courteous towards the seller could make a difference in getting the home you want. Business people, like store owners, expect to deal … Continue reading

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