Is your mortgage company veteran friendly? Veterans have unique needs and requirements than civilians, so your mortgage company needs to be able accommodate them respectfully and efficiently. Here’s why you company should be veteran friendly: Veterans Have Different Needs Unlike civilian home buyers, veterans tend to have different and more unique needs. For example, the […]
A new home is one of the biggest purchases you can make. So to buy the home you want, it’s a good idea to start saving up early so you can cover the costs of buying a home. To start saving up, opening a savings accounts is a great first step for future homeowners. When […]
When you enter a real estate contract on the property you are considering buying, the sale is subject to a due diligence period where, the buyer has the opportunity to terminate the contract if they decide the home isn’t for them.
Purchasing a home is a huge investment and it’s important that your ROI (return on investment) will measure your investment’s profitability when it comes time to sell your home. However, many people expect their return on investment to be larger than what it actually ends up being. A variety of factors can explain why your […]
When considering the offers from buyers who are interested in buying your home, who would you be more likely to choose; the buyer with a history of making their payments on time or the buyer who has a history of being unable to pay? Naturally, you’d prefer the buyer who has a good payment history. […]
As a loan officer, you will have clients come to you for advice about restructuring their loan. Also known as loan modifications, restructuring a loan makes the current loan more affordable for the borrower and they can possibly avoid foreclosure. Restructuring verses Refinancing First, you must understand that restructuring a loan is not the same […]
Tranches are portions of mortgage-backed securities that are split when a bank and it turns into a collateralized mortgage obligation. Each tranche is based on its date of maturity, or when a homeowner is scheduled to pay off their mortgage, then by risk.
The construction and development of your first financial portfolio can be a tricky, intimidating process. However, it’s not as complicated as you may think. A well-diversified portfolio can provide you with long-term profit and increase the growth of your investment.
When you buy a home, you know that you need a good credit score, will be more likely to seal the deal if you buy in cash, among other things. While having a good financial situation is definitely a perk, it’s not everything you need to appeal to a homeowner selling their home.
As a loan officer and a consumer, it’s important to know about the secondary mortgage market and the corporations that are involved. These publicly-traded corporations are called government sponsored enterprises.