
Buying or Selling a House to/from a Family Member
We have all heard of don’t do business with family. That is not always true, there are situations and circumstances where it makes sense. The key is by getting everything in writing, the terms, the purchase agreement, the start date as well as the schedule of payments. For everyone’s sake, get an appraisal so that the sales price is verified or even the equity position is verified. Use a Title company to help with paperwork or even the family attorney. Determine what you a

Why Does Paperwork Take So Long on a Refinance or Purchase?
You hand in all your paperwork, fill out all the documents, answer all questions as soon as they are asked of you and you are still waiting for a closing date. Why does it take so much time to get the words “Cleared to Close”. There are many factors to consider: The lender or broker has 3 days after you fill out an application to get to you’re the disclosures for you to sign. Be prepared as these are the first of many documents that you will need to sign. These disclosures

The Importance of Being an Active Home Loan Borrower
So you are wanting to buy a home and want a home loan, you have waddled through all the paperwork needed and you have given them to your loan officer. The list of documents needed was long but you made the copies and sent them in to complete all the requested documents. You now think that all you have to do is wait. But that is not true. There are several places that might need some more information from you. The underwriter might request other documentation from you. Se

Home Loans and Your Loan Originator
Location, location, location! We have all heard this refrain as it is referenced for property and home values in the real estate world. It signifies what you should look for when you are in the market for a new home. Proximity to urban areas, shopping, good schools, good zip codes, etc are good metrics. In the mortgage world it is more like relationships, relationships, relationships. Creating a relationship and developing an understanding one is based on communication a

Home Ownership Among Young Up, Middle Aged Down
Home Ownership Among Young Is Up, While Home Ownership Among Middle Aged Is Down A careful analysis of homeownership numbers has produced some reveling points according to a report by Jed Kolko, Chief Economist for Trulia. Here are some of their findings: • Though the published homeownership rate for young adults is still falling, true homeownership among young adults started rising in 2013. Adjusted for longer-term demographic shifts, young-adult homeownership is now at pre-