Archive for May, 2009

May 29, 2009 1

To Lock or Not to Lock Mortgage Rate

By Cindy in Common Questions, Rates & Fees

 
Anyone who was recently “floating” their rate in the hopes of another dip in rates can tell you the answer they would now have in hindsight. As they say, hindsight is 20/20.  But if only we all had a crystal ball, would we trust it or still try to out guess the market?
When you are [...]

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May 15, 2009 1

Mortgage Brokers vs Mortgage Bankers

By Scott in Choosing a Lender

Not all lenders are created equal.  Knowing the difference between the different types of lenders and how those differences impact you could save you money and provide you with more options.  Most people think of mortgage brokers when they think of talking with someone about obtaining a mortgage but mortgage brokers are only one type of [...]

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May 13, 2009 1

Tax Credit for Down Payment…..the Rest of the Story!

By Cindy in Assistance, Taxes

Just like the Lone Ranger might say to his horse, Silver…..WHOA!
Here is what is being left out of the press releases that you need to be aware of…….HUD/FHA can approve the ability to allow the borrowers to use the government tax credit toward the down payment, but who is fronting the money?
 Where Will the Down [...]

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