Posts Tagged ‘Mortgage Tips’

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Owner Occupied vs. Non Owner Occupied Properties

Saturday, June 7th, 2008

 

Occupancy type is pretty straight forward. Conventional mortgages are designed to help everyone buy a home, specifically a primary residence (owner occupied) .

 

When you use conventional financing to buy an investment property (non owner occupied) you are charged more by way of a higher interest rate or fees.

 

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Who Wins When Lenders Compete?

Saturday, June 7th, 2008

 

Long ago mortgage websites on the web were merely placards and billboards for brick and mortar established mortgage companies and were very rarely seen. A little known company called Lending Tree changed mortgages online and offline forever with their revolutionary approach to mortgages. (more…)

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Three Steps to Getting the Best Mortgage Deals with “Bad credit”

Saturday, June 7th, 2008

Today’s mortgage market is different than anyone has ever seen in the history of mortgages. Getting your best mortgage deal may require a little homework on your part, but they are out there. Many of the mortgage programs that used to be available to home owners and future home owners are simply gone.

 

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Leader Advertising in the Mortgage Industry

Saturday, June 7th, 2008

 

Here are a few of the biggies ….

 

1) The No Closing Cost Loan
Let’s think logically about the “no closing cost” loan. Do you know an attorney that works for free? How about an appraiser? Perhaps state and local taxes will be waived because were nice people. Title fees, processors, underwriters, monthly escrows and much go into putting a mortgage together REGARDLESS of who you choose as your lender. The “No closing cost loan” should be called the “we hide your closing cost in an inflated rate loan”. The truth is ALL mortgages have fees associated with them, if you do not pay them the lender or broker must. (more…)

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Types of Lenders and Their Business Models

Saturday, June 7th, 2008

 

In order for you to get your best deal on a mortgage, we have found that it helps to understand how each mortgage company operates. Once you understand the types of companies offering mortgages and how they earn a profit you can begin to negotiate with greater certainty. There are different business models for mortgage companies they can be simplified as: (more…)

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