ChrisCrockertag:typepad.com,2003:weblog-5987982007-02-21T12:27:06-06:00TypePadAdjustable Mortage Rates Adjusttag:typepad.com,2003:post-307284362007-02-21T12:27:06-06:002007-02-21T12:27:06-06:00We hear over and over about the risks of Adjustable Rate Mortgages, Interest Only Mortgages or Pay Option Mortgages. With the Refinance Boom of the past several years, many who refinanced their homes with ARM's are now facing the adjustment...MooseamasAlternative Loan Documentationtag:typepad.com,2003:post-305885902007-02-17T12:37:39-06:002007-02-17T12:37:39-06:00Did you know that more and more lenders are coming out with loan programs that will accept "Alternative Credit Reporting". What is alternative credit reporting? Any type of trade line, pay history, or financial obligation other than a tradition credit...MooseamasPre Qualification, Pre Approvaltag:typepad.com,2003:post-305131502007-02-15T11:52:21-06:002007-02-15T11:52:21-06:00I get questions from every direction about the differences between Pre-Qualification, Pre-Approval, and a Commitment to Lend Letter. Now, understand, different brokers use different criteria for what defines these three things. Lenders too. But as a buyer or seller, think...MooseamasForeclosure Homestag:typepad.com,2003:post-302428362007-02-08T11:57:02-06:002007-02-08T11:57:02-06:00First, What is Foreclosure? Foreclosure is the process in which a bank or investor tries to recover any unpaid amount on the loan by either taking possession or selling the property. As you may already know, banks are not in...MooseamasInterest Ratestag:typepad.com,2003:post-301121482007-02-05T15:54:10-06:002007-02-05T15:54:10-06:00To understand why mortgage rates change we must first ask the more general question, "How do interest rates change?" It is important to realize that there is not one interest rate, but many interest rates: Prime rate: The rate offered...MooseamasGet a Free Copy of Your Credit Reporttag:typepad.com,2003:post-155893002007-02-02T11:04:11-06:002007-02-02T11:04:11-06:00I talk with people who ask the initial questions like "When should I start looking for a home?" or "Whats the first thing I need to do?" I always advise them that we will usually begin the pre-approval process about...MooseamasMortgage Blog for Businesstag:typepad.com,2003:post-155210432007-01-30T13:55:36-06:002007-01-30T13:55:36-06:00I just read a great post at the MortgageBlog.com. This posting summarizes many of the benefits I have been experiencing with my blog. The thing that first drew me to create a blog page was the convenience. I immediately saw...MooseamasSeller Paid Closing Coststag:typepad.com,2003:post-154967832007-01-29T12:19:46-06:002007-01-29T12:19:46-06:00Back in the day, you would have to hike up hill, both ways, in the snow, barefoot, to the bank carrying a 20% down-payment and a 12 year old Scotch (just to butter up the president of the bank). Then...MooseamasHow Does A Mortgage Broker Get Paid? How Much?tag:typepad.com,2003:post-154446722007-01-26T14:42:22-06:002007-01-26T14:42:22-06:00I'm creating this post to see who wants to weigh in on a heated debate. How is a Mortgage Broker paid? Its a slippery slope that almost always goes from "How" to "How much". So, to start things off, let's...MooseamasGovernment Home Loans, FHA and VAtag:typepad.com,2003:post-154193592007-01-25T13:08:42-06:002007-01-25T13:08:42-06:00All mortgages fall under one of two classifications; Conventional or Government. There are several distinctions within Conventional; Conforming, Non-Conforming, Jumbo, Sub-Prime, etc. But, with Government loans, there are only 2 distinctions FHA or VA. Both FHA and VA are funded...Mooseamas