Mortgages Explained! Mortgage Loan

tag:blogger.com,1999:blog-273978252024-10-24T22:52:54.584-04:00Mortgages Explained! Mortgage Loan | Good Faith EstimateMortgage Secrets Revealed! Get the best home loan by learning more about the mortgage loan process, good faith estimate, and how to optimize your credit for loan approval.Kevin Blasihttp://www.blogger.com/profile/16675399013254476481noreply@blogger.comBlogger18125tag:blogger.com,1999:blog-27397825.post-1032970874821958492008-02-05T21:49:00.000-05:002008-02-06T16:48:18.457-05:00Place Your Questions Here:

Here I am.I'm making myself available to you at absolutely no cost to offer complimentary mortgage and credit advice. I'm willing and able to open the bank doors and let you gaze inside to see the inner workings of the mortgage process. I've invited any inquiry you may have.You've all sat silent.I'm glad you have taken the time to read some or even all of my posts. I truly feel there's value in

Kevin Blasihttp://www.blogger.com/profile/16675399013254476481noreply@blogger.com0tag:blogger.com,1999:blog-27397825.post-22409582685047363062008-01-11T23:28:00.000-05:002008-01-13T00:32:44.215-05:00Good Faith Estimate Book Update

It's been a while since I updated and thought I would let everyone know about my progress with the book. I'd also like to ask for your help with regards to e-book publishing and marketing.I am attempting at my first attempt to attempt to write a book. As you can see, I'm trying very hard. It's been a long process, but not because of the painstaking effort and research that I've been doing. Mainly

Kevin Blasihttp://www.blogger.com/profile/16675399013254476481noreply@blogger.com0tag:blogger.com,1999:blog-27397825.post-6373756474188317942007-11-17T00:44:00.000-05:002008-01-11T23:28:10.938-05:00Now What? FHA. That's What!

The "Subprime Meltdown" went ahead and wiped out many a mortgage lender. Those lenders were taking large risks and now have gone the way of a drunken gambler. Of course, what makes this situation much different is who gets affected. Sure they were taking risks, but they were taking risks on hard-working American families. The dream of homeownership has been stripped away from many.But there is

Kevin Blasihttp://www.blogger.com/profile/16675399013254476481noreply@blogger.com2tag:blogger.com,1999:blog-27397825.post-46089200467224715802007-10-18T01:32:00.000-04:002007-10-18T01:49:04.361-04:00The Subprime Mess: Now What?

I explained in an earlier post that I would tell you what the whole Subprime Mortgage Mess means to you and how it changes everything. Then I went off on a credit scoring tangent. I apologize.The world is a different place now. A few short months ago, you could have been able to secure 100% financing with a 580 credit score and practically no money in the bank. Those days are gone.Now, you have

Kevin Blasihttp://www.blogger.com/profile/16675399013254476481noreply@blogger.com0tag:blogger.com,1999:blog-27397825.post-58958496704224845342007-06-22T19:11:00.000-04:002007-06-22T19:34:18.225-04:00How to Use Your Payment History to Increase Your Credit Score

As I stated in a previous post, your Payment History is the most important factor when it comes to determining your credit score. Roughly 35% of the entire score is based on this one factor.Well, it all makes perfect sense. If you pay your bills on time, you'll have a good credit score. If you don't, you won't. That's true, but there are ways to optimize your credit report to show your payment

Kevin Blasihttp://www.blogger.com/profile/16675399013254476481noreply@blogger.com0tag:blogger.com,1999:blog-27397825.post-39511724126034704852007-04-27T01:21:00.000-04:002007-04-27T01:45:38.805-04:00What's the Big Deal About Subprime Mortgages and High Foreclosure Rates?

It's been all over the news. Mortgage companies are closing their doors! People are running in the streets! Asteroids are headed towards earth!The media is having a field day with this.What happened is a direct result of mortgage companies taking risky loans for years. When "subprime" mortgages came onto the scene, it was the answer to many people's prayers. Let me explain what a subprime

Kevin Blasihttp://www.blogger.com/profile/16675399013254476481noreply@blogger.com1tag:blogger.com,1999:blog-27397825.post-82301552928803471342007-03-25T10:44:00.000-04:002007-03-25T10:54:49.893-04:00What Makes Up a Credit Score?

Your credit score is the most important factor when determining whether you qualify for a loan. When you submit an application for a mortgage, car loan, or credit card the potential lender will check you scores with the three credit bureaus: TransUnion, Equifax, and Experian.If you understand what makes up your credit score, you can use that information to make your score go up or down. Of

Kevin Blasihttp://www.blogger.com/profile/16675399013254476481noreply@blogger.com0tag:blogger.com,1999:blog-27397825.post-32510583875565858332007-03-01T21:12:00.000-05:002007-03-02T12:30:34.629-05:00What's so important about a Credit Report??

Lots, I tell you.Your credit report is a tool that lenders use to determine whether or not to approve your mortgage, car loan, credit card, store credit, etc..It tells a potential creditor whether you have good or bad habits when it comes to paying your bills. This is broken down very simply into a score between 300 and 800 more or less. This way, the lender can quantify whether you are a good or

Kevin Blasihttp://www.blogger.com/profile/16675399013254476481noreply@blogger.com4tag:blogger.com,1999:blog-27397825.post-67681566066156759642007-02-13T08:26:00.000-05:002007-02-13T17:08:49.949-05:00Exciting Times!

Hey guys. I haven't blogged in a while but there's a very good reason for that. (This time, it's not just my new son) I've been expanding my business and I just started writing an Ebook.This would be my first eBook so I could use some help. I've taken questions that you've asked and am using that as the content that I need to include in the book.I'm going to have a Good Faith Estimate Template

Kevin Blasihttp://www.blogger.com/profile/16675399013254476481noreply@blogger.com0tag:blogger.com,1999:blog-27397825.post-1163479212718733412006-11-13T23:08:00.000-05:002007-02-21T22:39:09.083-05:00The #1 Most Important But Overlooked Way to Raise Your Credit Score!

First, an apology... I have been away from my blog for quite a while. Some things are just more important. My first baby boy was born Nov 1. I've made him and his mom my #1 priority for the last few months. I'm back now with a fresh new perspective on life.I appreciate the constant traffic to my site. It tells me that the information I offer you has true value. Many of my visitors arrived here by

Kevin Blasihttp://www.blogger.com/profile/16675399013254476481noreply@blogger.com1tag:blogger.com,1999:blog-27397825.post-1159551929343459832006-09-29T13:44:00.000-04:002007-02-21T22:38:17.811-05:00What's Taking So Long With My Mortgage?

We've discussed how you can speed up the mortgage process in the last post. Now I'd like to tackle a topic that many borrowers are fustrated with constantly: What's causing the delay!I'm assuming you've done everything in the previous post thus optimizing your loan's processing time. If you've done all that and there are still delays, then something may be wrong. But what could it be?Good

Kevin Blasihttp://www.blogger.com/profile/16675399013254476481noreply@blogger.com0tag:blogger.com,1999:blog-27397825.post-1154575265602976832006-08-02T23:20:00.000-04:002007-02-21T22:36:11.062-05:00How can you speed up the Mortgage Process?

The mortgage process can be a daunting and painstaking task given certain circumstances. The fault could be pointed at the Loan Officer, Processor, Underwriter, as well as many people behind the scenes. The truth, however, is that the Applicant is truly to blame a good majority of the time.If you'd like to confront my statement, feel free to email me directly at ydl1423@yahoo.comThe speed of the

Kevin Blasihttp://www.blogger.com/profile/16675399013254476481noreply@blogger.com1tag:blogger.com,1999:blog-27397825.post-1152747686398694132006-07-12T19:37:00.000-04:002007-02-21T22:35:23.820-05:00How to Avoid Mortgage Junk Fees

So, you've taken an application with a mortgage broker. He has told you your monthly payment and the total amount you will need at the time of closing. How do you know the charges on the loan are fair? How do you compare this loan to others you have been offered?Check the GFE.The Good Faith Estimate (GFE) can be your weapon to get the fairest price for your loan. If you don’t take a good long

Kevin Blasihttp://www.blogger.com/profile/16675399013254476481noreply@blogger.com0tag:blogger.com,1999:blog-27397825.post-1148442778139509262006-05-23T23:40:00.000-04:002007-02-21T22:34:49.559-05:00Exposing the Unbelievable Mortgage Ads

Despite all the honestly sincere mortgage brokers in the world today, there are so many others that are doing anything it takes to make money. Open up your local Homes Magazine. The one that's free at your supermarket. The ads are nothing short of ridiculous and they're about to be exposed.Mortgage companies have been analyzing their sales statistics and realize this: The more applications they

Kevin Blasihttp://www.blogger.com/profile/16675399013254476481noreply@blogger.com1tag:blogger.com,1999:blog-27397825.post-1147533981510990792006-05-13T11:04:00.000-04:002007-02-21T22:28:48.113-05:00Cast of Characters - Part III

The ProcessorLoan Processors are the workhorses of the mortgage broker team. They look at a loan file objectively and dig deep into the details. After the Loan Officer originates the loan and determines what bank or banks to send the loan to, that is when the Processor gets involved.She will stack the file so that all the information and documentation that you gave to your loan officer can be

Kevin Blasihttp://www.blogger.com/profile/16675399013254476481noreply@blogger.com0tag:blogger.com,1999:blog-27397825.post-1147056485674706482006-05-07T22:47:00.000-04:002007-02-21T21:59:25.379-05:00The Cast of Characters - Part II

The UnderwriterIf you think it sounds a little too close to "The Undertaker" you're absolutely right! This is the person that could make or break your real estate transaction. The funny (but awful) thing about this is that the underwriter absolutely has the most power over the decision of your loan, yet you will never meet or even speak to this person.After your buddy, the Loan Officer, has put

Kevin Blasihttp://www.blogger.com/profile/16675399013254476481noreply@blogger.com2tag:blogger.com,1999:blog-27397825.post-1146789253980459442006-05-04T20:17:00.000-04:002007-02-21T21:59:47.185-05:00The Cast of Characters - Part I

There are many people involved in the mortgage loan process. Some you will meet or speak to, some you will never know existed but each has a very important role in the processing of your loan. If you know the people, you can better understand the process. I'll start at the start.The Mortgage Loan OfficerThe term "originator" is also often used and its more relevant to his role. This is the person

Kevin Blasihttp://www.blogger.com/profile/16675399013254476481noreply@blogger.com1tag:blogger.com,1999:blog-27397825.post-1146537569487801112006-05-01T21:52:00.000-04:002007-02-21T21:52:38.868-05:00Explain To Me!

Hello and welcome to my first attempt at a blog. You as consumers deserve more control in your mortgage process. This is my attempt to give you that control in the form of information and knowledge.I have been involved in mortgage financing for 5 years with 3 years specifically as a Mortgage Loan Officer. I've taken plenty of applications and have spoken to just as many people. I plan to share

Kevin Blasihttp://www.blogger.com/profile/16675399013254476481noreply@blogger.com4