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NEXTA
Ten Credit Do’s and Don’ts To Bear In Mind Prior To Getting Your Mortgage Loan
By Leesa Sandoval
Simple, the underwriter pulls an updated credit report to verify that there hasn’t been any new activity since original approval was issued, and the new findings kill the loan.
Read MoreHow To Determine VA Mortgage Eligibility
By Leesa Sandoval
Honorably discharged veterans during World War II and later are eligible for VA loan benefits. Veterans with at least 90 days of service and who served during : World War II to Korean conflict and Vietnam era are eligible. Serving during peacetime would require 180+ days of active service. Since about 1980 though the requirement has moved to 2 yrs of service in most cases.
Read MoreWhat is a VA Mortgage Loan?
By Leesa Sandoval
A VA (Veterans Administration) guaranteed home loan is one of the only loan program available that offers 100% financing of the purchase of the property. Another great beniefit is there is no monthly mortgage insurance. Individuals that qualify for this program are active, non-active, Reserve, National Guard, and retired military of the armed forces.
Read MoreWhat Does Title Insurance Protect Me From?
By Leesa Sandoval
By including title insurance when purchasing property, your title insurer takes on accountability for legal expenses to defend your property title, should it ever be challenged.
Read MoreUnderstanding the FHA Mortgage Insurance Premium (MIP)
By Leesa Sandoval
Mortgage Insurance is a very important part of every FHA loan since a loan that only requires a 3.5% down payment is generally viewed by lenders as a risky proposition.
Read MoreFirst-Time Home Buyer Checklist
By Leesa Sandoval
Getting a new mortgage for a First-Time Home Buyer can be a little overwhelming with all of the important details, guidelines and potential speed bumps.
Read MoreShould I Refinance or Get a HELOC For Home Improvements?
By Leesa Sandoval
For homeowners interested in making some property improvements without tapping into their savings or investment accounts, the two main options are to either take out a Home Equity Line of Credit (HELOC), or do a cash-out refinance.
Read MoreCalculating The Net Benefit Of A Refinance Transaction
By Leesa Sandoval
Calculating the net benefit of refinancing can be a challenging task if you do not understand what to calculate. We are going to focus on the net benefits of refinancing from the standpoint of lowering your interest rate.
Read MoreUnderstanding the Difference Between an Appraisal vs Neighborhood Listing Prices
By Leesa Sandoval
Why is there such a difference between what my appraised value is and the price similar homes are selling for on my street?
Read MoreMaking Sure Your Cash-To-Close Comes From The Proper Source
By Leesa Sandoval
Providing proper asset documentation and the actual source of the funds is a critical element of the loan closing process.
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