Down Payment and Gifts

Down Payment and Gifts

When obtaining a new home and mortgage, there are several things you need to know: a) Where is my down payment coming from? b)  If I am getting a gift of money for all or a portion of the down payment, how will this affect my loan? For many borrower’s the down...
Holding Title to Real Property

Holding Title to Real Property

How will you hold title to your new home? Title is the legal documentation that bestows ownership of real property. This is to be indicated in Part II of the 1003 Uniform Residential Loan Application as “manner in which title will be held.” The decision of...
Want to fast track the loan process?

Want to fast track the loan process?

One of the most common reasons the loan process is held up is that the underwriter or loan officer doesn’t have all the necessary documents for the loan. If you want to fast track the process, make sure you supply your lender with all the necessary information....
What You Should Know Before Buying a Home

What You Should Know Before Buying a Home

RISMEDIA, October 18, 2010–There are so many things to understand as you embark on purchasing a home, especially if it’s your first purchase. Learn the basics as you get started and understand everything you need to know as it relates to financing. Here...