LOAN PREQUALIFICATION, Get Pre-qualified

Take Advantage of Loan Pre-Qualification

	The Advantages
√	Know how much house you can afford.
√	Know how much cash you will need for the down payment.
√	Simplifies pre-approval.

A number of factors determine the price range of homes you'll want to preview - one of these factors is loan pre-qualification. This is a very important step since a seller will accept a lower price from someone he is sure can go through with the deal.

As your agent, I will help you get pre-qualify. Items considered when pre-qualifying for a mortgage loan include:

Employment History
Credit History and Scores
Monthly Income and Expenses

With my knowledge of the mortgage market, I'll help you make an informed decision as to the type of loan you'll want and teh lender you will want to use. Most of teh "closing cost" are determined by the lender and most of these cost are "profit" for the lender. We will get a "Good Faith Estimate" from each lender your are considering so we can compare each one and find the best deal for you. There are many different types of loans to consider - FHA, VA, Conventional and even Bad Credit Loans. We'll find the best loan for your situation.

MORTGAGE NEWS DAILY:

MORTGAGE RATES: Best Lock/Float Advice MND Can Offer

7/30/2010 3:44 PM

Posted To: Mortgage Rate Watch

I think it's safe to say that, consistently for the last 30 to 45 days, at least one lender (regional, major, or independent) has offered below market "record low" mortgage rates. Investor demand is consistently healthy for agency MBS, such that their prices are hitti...Read More

USDA Rural Housing Bill Passes; Low-Income Rental Legislation Advances

7/30/2010 11:23 AM

Posted To: MND NewsWire

One government housing program that had run out of funds months ago was revived by Congress yesterday, and another bill targeted at low-income rental housing moved a step closer to approval. The Senate yesterday passed HR 4899 to reestablish the popular U.S. Department of Agriculture Single-Family ...Read More

MBS Lower and Wider. Reprices Reported. Buyers Lurking

7/30/2010 10:10 AM

Posted To: MBS Commentary

Rate sheet influential mortgage-backs are experiencing some localized weakness as stocks rally and swaps spreads widen. Nominally, yield spreads have been wider all morning but price levels were still pushing new records because Treasuries were catching a bid, but the poo hit the f...Read More

Evolving Loan Officer Agreements: Mandatory Reserves and Good File Delivery

7/30/2010 10:05 AM

Posted To: The Garrett Watts Report

After visiting over 100 shops in the past 3 years, we haven't really seen anything “new under the sun” in terms of loan officer agreements. Sometimes I think all contractual documents used by mortgage bankers originated from the same source. But more recently we...Read More

Rapid Refinance Program: Don't Bet On It

7/30/2010 8:35 AM

Posted To: Pipeline Press

The economy is so bad, I bought a toaster oven and my free gift with purchase was a bank...If the bank returns your check marked "Insufficient Funds," you call them and ask if they meant you or them...Angelina Jolie adopted a child from America...My cousin ...Read More

The Day Ahead: Q2 GDP, Consumer Sentiment, Stocks Testing Support

7/30/2010 7:29 AM

Posted To: MBS Commentary

A busy day awaits the markets as investors get their first look at second-quarter GDP. Also in the store is the influential Chicago Business Barometer which gives an update on how the economy is recovering in the midwest, plus a consumer sentiment index for the nation at large. Whi...Read More

Treasury Auctions Done. Bonds Cautiously Resilient as Stocks Repeat History

7/29/2010 12:09 PM

Posted To: MBS Commentary

Treasury just sold $29 billion 7s to a group of uninterested buyers... Auction demand as measured by the bid to cover ratio was below average. 2.78 bids were submitted for every 1 accepted by Treasury. Compare that to the ten auction average of 2.81 and the five auction average of ...Read More

Fannie Mae Preps Investors for Reform. Book of Business Reflects Tight Credit Conditions

7/29/2010 11:31 AM

Posted To: MND NewsWire

In the wake of the passage of Wall Street Reform, which many opponents have criticized Capitol Hill for failing to deal with the future of Fannie Mae and Freddie Mac, the Obama Administration is beginning to present the broad outlines of how the future of the GSEs will be determined. In a letter re...Read More

Are HECM Regulators Acting Unethically Toward the Reverse Mortgage Program?

7/29/2010 11:06 AM

Posted To: Community Commentary

I recently spoke on two interesting panels at the American Conference Institute’s two day symposium on Reverse Mortgages. The conference was held at the famed Helmsley Park Lane Hotel in the heart of Manhattan. The conference attracted a virtual who’s w...Read More

Final Ruling Issued on SAFE Act; Underwriting Guideline Overlays, Adverse Market Fees and Steep LLPAs; CMBS Sales; California State of Emergency;

7/29/2010 8:51 AM

Posted To: Pipeline Press

On a non-mortgage note, my son asked me, "At what age is it ok to tell a highway that it is adopted? At some point the highway will realize that it doesn't look like the Kiwanis's Club." I would have told him to "keep his day job", except ...Read More