Ask your realtor a question, any question. Most seasoned brokers should be able to answer on the spot. Expect me to answer roughly 80% of your questions directly. Approximately 20% of your questions, I find myself doing some research for clarity. Expect my answers to be supported with documentation of […]
Asbestos is no small matter. Most of us have been outside when air quality is bad. We know it’s not good for you. What about inside your home? Just because you may not be able to see it, does not mean it’s not there. Continue reading. For everything we hear […]
The changing face of the American bathtub. Would you want a bathtub in your home? Or would you prefer a shower? Or if you had the option, would you want both? You may want to check out this article. Bathtubs. They come jetted, stand-alone, claw-footed, and built in. Back in […]
How did you prepare for your mortgage? A typical answer may be, I saved money. Or, I was able to get a raise in employment compensation. These are good answers. But, I will attempt to compare something most of us have done as a child or as an adult. The […]
Can someone qualify for a mortgage if a collection is settled? Yes. In fact, Fannie Mae guidelines stipulate an unpaid collection may remain while still qualifying for a home loan. There are some restrictions too. But, here is a snap shot of the guideline […]
How many mortgage loan applications are made in the USA annually? It is different every year. Statistics are kept based on the Home Mortgage Disclosure Act (HMDA). As of May 7th, 2018, there are 5,852 financial institutions that report HMDA data. However, beginning with data collected in 2017, depository institutions […]
The way this question is worded seems to be sympathetic to the borrower, while painting a lender as greedy. Offering “a lower rate for those that need it most” implies “those that need it least” will have to pay a higher interest rate. In the USA, this would likely fall […]
How will paying off a collection help by credit score? Based on the question, I am assuming you have a collection on your credit report. The collection has not been paid. The collection is your responsibility (not an error). If this is the case, when you pay a collection in […]