Is it Subject to the Mortgage? (Chattels and Fixtures) Ontario Real Estate Source By Brian Madigan LL.B. If it’s subject to the mortgage, then it must be a fixture. That’s part of the test. A Judge who needs to apply the law, to a given fact situation, will wonder what would the mortgagee think. If [...]
Tag Archives: Mortgage
An Advanced Understanding of the Dayton Ohio Foreclosure and Short Sale Process
The Dayton Ohio Foreclosure and Short Sale Process can often be confusing and hard to understand. This article is intended to offer an in debth understanding of how Short Sale and Foreclosure process works in the Dayton, Montgomery and Miami county Ohio area however much of it is applicible throughout the country. If you or someone you know in the Dayton Ohio area is behind or about to be behind on mortgage payments it is important you know all your options before rushing to a decision. More articles on the topic can be found at http://www.GregGreenwald.com
Why A Lender Pre-Approval Could Be Worthless
I received a phone call today from a real estate broker that I have worked with over the last few years. I have some very loyal clients that I’ve done many loans for when they have purchased homes in Phoenix. These clients actually found her after I had pre-approved them. They have purchased a few [...]
Professional Guidelines Between An Inland Empire Real Estate Agent and Loan Officer
As an Inland Empire Loan Officer, I have been extremely blessed to have some wonderful relationships with many different Inland Empire Real Estate Agents over the years. I recently had a transaction start a little bumpy. I believe most of these bumps could have been prevented if a simple set of professional guidelines were followed [...]
4 Guaranteed Ways to Screw Up Your Mortgage Closing
Nothing is more frustrating than working hard to get a mortgage approved and then having it pulled back because of an innocent mistake. Whether you are a seasoned mortgage professional or a borrower trying to close on a house–this is an important article to review. Mortgage approvals are harder than ever to come by. No [...]
Understanding the Loan Modification Process in 5 Easy Steps
Cutting through the red tape of the Government program announced back in March of 2009 can be daunting for so many American Homeowners. I’ve done my research and have not found many user friendly sites that actually break it down step by step.
Boise Idaho Jumbo Mortgage Loan
Qualifying for a Boise Idaho Jumbo Mortgage Loan Whether you’re qualifying for a $500,000 mortgage, or a $3 million mortgage, there is obviously going to be a sizable monthly mortgage payment that the underwriter will want to be sure you can afford over a long period of time. It’s important to be thorough in [...]
What’s the Disposition of Your Previous Mortgage? Don’t Let this Blow Your Transaction
Anyone that has successfully closed a short sale in the last few years can benefit from knowing what to expect when purchasing a home in the future. It’s very likely the borrower had to make late payments during their negotiations with the bank before their short sale closed. These late payments may no longer be [...]
Overleveraged & Underwater
A good agent knows that any home buying process doesn’t begin with scoping out neighborhoods or searching online for open houses. It starts with a trip to the bank to get pre-qualified for a loan. But in the midst of the chaotic economic downturn, such pre-qualification has gotten pretty prickly, with banks now necessitating a [...]
The Future Compensation of Today’s Mortgage Originator
The government has finally created another great solution to stop Mortgage Loan Originators (MLO) from abusing and deceiving consumers. This new rule will likely have the same benefit to today’s consumer that HVCC and the new GFE has – more fees and higher loan costs. Is that really a benefit to consumers??? Below are the highlights on [...]
Pregnant Pause
Attention expectant parents: don’t expect to have a baby shower and a house-warming party at the same time. As you may have heard, banks are getting finicky with their lending, as even a flawless financial record seems suspect these days. So, it would make sense that the next step to figuring out if you can [...]
Commercial Real Estate Is Beginning To Rebound
The negative indicators in the commercial real estate sector appear to be dissipating. Although the economy has not yet fully recovered to pre-2008 levels, the current environment is much brighter than it was in 2008 and 2009. The commercial real estate industry has historically been financially supported by commercial mortgage-backed securities (CMBS). In 2007, a [...]
Mortgage Market Update 4-26-2010
Mortgage Rates were volatile last week on news surrounding the Greece crisis. Rates improved mid-week on fears of a collapse of the Greek economy, and then worsened when a proposed bailout program was announced. Adding to the upward pressure of mortgage rates on Friday was the release of some strong positive economic data including the hottest [...]
Locking Your Loan Rate
You know that when you are seeking a mortgage you should shop around for the best rate. But because interest rates fluctuate, it is a good idea to consider locking your rate. A rate lock, also called a “lock-in”, is a lender’s guarantee that you will get a specific interest rate and number of points [...]
Last Minute Tax Credit Tips
The 2010 homebuyer tax credit is worth 10% of the home’s sale price: up to $8,000 for buyers who haven’t owned a home in the previous 3 years and up to $6,500 for buyers who have owned and occupied a principal residence for at least 5 consecutive years during the 8 year period that ends [...]
Understand Your Escrow Account
As a buyer and homeowner, it’s very important you understand exactly what your escrow account is, and what purpose it serves. Most residential lenders require that you escrow money to pay your hazard insurance and property taxes (unless you live in a condominium, in which case the condominium association maintains the hazard insurance policy on [...]
All About APR
If you are interested in purchasing a new home, you’ll need to research your financing options. One major part of financing is the annual percentage rate (APR). As you enter into a deal, you will likely know your area’s prime interest rate, but you also need to learn about the lender’s APR. The APR is [...]
USDA Rural Home Loan in California
USDA Rural Home Loans are one of the hottest programs for home buyers in Riverside County, California. In cities like, Temecula, Murrieta, Sun City and Murrieta, 100% financing is available and it’s completely legitimate. USDA Home Loan Highlights 100% Financing No Down Payment No Mortgage Insurance No Cash Reserve Requirements No Seller Contribution Limitations Finance [...]
2010 C.A.R. financing guide for California home buyers
Today’s market holds tremendous opportunities for first-time buyers and the REALTORS® dedicated to assisting them in their first home purchase. Housing affordability is at historic highs in many areas as low mortgage rates, government tax credits, and lower home prices have continued to make the goal of homeownership within reach for every California household−but they [...]
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Carmen Brodeur: Very interesting! I better go buy more wrinkle cre...
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Ria Grace: What is good of having custom home is that you can...
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Patrick: A great online property management forum is agents...
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Kyle Pearce: Unfortunately, in every industry, there are some w...
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$10000 California First Time Home Buyer and New Home Tax Credit Extended
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Unite Against the Sarasota MLS Board
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Short Sale Heaven Coming April 5th 2010
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The Lones Group – Real Estate Social Media Marketing Firm – Sues Agent For Being A Zebra
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California Senate Bill 94 (SB94): Passes; Not even Attorneys can do it!
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