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VA Streamline Refinance (IRRRL) Interview with a VA Loan Pro
MyMortgageInsider had an interesting conversation with licensed loan originator Mark Mizer (NMLS 121173) about the many benefits of the VA streamline refinance program. MMI: There’s been incredible...
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What is a Cash Out Refinance?
A cash out refinance is once again a real possibility for many homeowners who finally have appreciating property values. Places like Phoenix, Arizona, Las Vegas, Nevada, and Los Angeles, California...
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Calculating Self Employment Income for a Mortgage
When applying for a mortgage, it’s well known that one of the lender’s first jobs is to make sure the borrower can afford the new mortgage payment. This process is determined by calculating...
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Video: First Time Home Buyer Common Questions about Money
Are you a potential first time home buyer with these questions? How much can I afford? How much money do I need to buy a home? How do I keep my home long term? What are the lowest-cost first time home...
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Video: First Time Home Buyer Questions about Prequalification
If you’re thinking about buying a home, prequalification is an vital step in the process. We interviewed Sr. Mortgage Advisor Tom Pessemier (MLO 117989/NMLS 117989) for insights on how to get...
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The Best Way to Buy a Home for a Disabled Adult Child
Typically those who buy a home can only take advantage of the best interest rates and terms if it is an “owner occupied” property – meaning they plan to live in it. But that’s a real barrier to anyone...
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Mortgage Dictionary
If you don’t speak mortgage-ese, don’t worry. You’re not alone. Use this mortgage dictionary to decode some of the terms you might hear during your home loan process. Mortgage Definitions 80/10/10,...
View ArticleHow Will Maternity Leave affect Your Mortgage Application?
Your new little bundle of joy will be arriving in a few months. You look around your home and realize it’s not big enough for a baby and all that stuff that comes with an infant. So, you do what many...
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Borrowing from your 401k or IRA for a Down Payment
Saving up money for a down payment and closing costs to buy a house is one of the basic requirements in order to qualify for a home loan. It can be a tedious process, especially for those buying their...
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Buy a Home for an Elderly Parent and get the Best Interest Rates
Lenders give the best mortgage interest rates and terms on “owner occupied” home purchase loans. “Owner occupied” simply means that the people buying the home plan to live in it. But there is a...
View ArticleUnique Properties: Mortgage Lenders Won’t Touch ‘Em
With a name like “the mushroom house,” it was one of the toughest sales of her career as a real estate broker Dayna Murray of Keller Williams Premier Realty in Minnesota. Trying to find the right buyer...
View ArticleDo You Need Mortgage Payment Protection Insurance?
Sometimes, you just have to ask the hard questions to yourself and then figure out how you can protect yourself, your family and your home. For instance, what would happen if the primary breadwinner in...
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A 1% Rate Increase will Decrease Your Buying Power by 11%
You’ve heard the stories of interest rates in the 15% to 18% range in the 1980s. Let’s hope those astronomical and debilitating rates are in the past forever. But most people don’t realize that rates...
View ArticleBuying a Fixer Upper: What Kinds of Fixer Upper Loans are Available?
Bottom line: There are quite a few loan options available to buy fixer upper homes. by Lee Nelson Home ownership – Ahhh, the American Dream. You can picture yourself living that dream in that pristine...
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Tips from the 25 Most Influential Real Estate and Mortgage Pros on Google+
If you’re like most people who want to find out what’s trending now, or you need tips and advice, you’ve probably gone to Facebook, Twitter or Pinterest. But one of the newer social platforms that you...
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Mortgage Credit Certificate: Qualify for More House
A loan program that gets little attention, but could reap big rewards, is the Mortgage Credit Certificate, otherwise known as the MCC tax credit. The idea of the program is quite simple: give...
View ArticleMortgage Application Denied. What You Need to do Next.
by Lee Nelson It feels like you gave your lender every piece of information and documentation of your financial world that you possibly could. You feel like you have no secrets left. But even after all...
View ArticleCan you Get a Mortgage with Disability Income?
Those with disabilities and disability income can qualify for these special home buying programs as well as standard mortgages. by Lee Nelson Life hasn’t always been easy for Christine LaCroix of...
View ArticleCommon Mortgage Underwriting Problems that Could Stop Your Loan Approval
by Lee Nelson The application process to get a mortgage may seem a little daunting with all the information you reveal. But just because you get through the application doesn’t mean it’s over, and you...
View ArticleGet a Mortgage Pre-Approval Quicker and Easier
by Lee Nelson Getting a pre-approval for a mortgage loan can not only help you in your quest to buy a house you can truly afford, it also can show you if there are any problems that you may need to...
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