Friday, June 14, 2013
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Top 10 Things NOT TO DO After Loan Approval
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1. Do not make any changes to your employment, income, pay structure or number of hours worked.
2. Do not forget to disclose all income and losses that are reported on your tax returns.
3. Do not monkey around with your bank account.
| Posted by dawnmitchell at 7:56 AM |
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Top 10 Things NOT TO DO After Loan Approval
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2. Do not forget to disclose all income and losses that are reported on your tax returns.
3. Do not monkey around with your bank account.
4. Do not allow any derogatory marks on your credit report or overdrafts on your bank.
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| Posted by dawnmitchell at 7:56 AM |
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Top 10 Things NOT TO DO After Loan Approval
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1. Do not make any changes to your employment, income, pay structure or number of hours worked.
2. Do not forget to disclose all income and losses that are reported on your tax returns.
3. Do not monkey around with your bank account.
4. Do not allow any derogatory marks on your credit report or overdrafts on your bank.
5. Do not incur any additional debt during the mortgage process.
6. Do not forget to tell the lender about debts that are not reporting on your credit
7. Do not forget to lock your rate. |
| Posted by dawnmitchell at 7:56 AM |
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Wednesday, June 12, 2013
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The Impact of Rising Mortgage Rates on Home Sales
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Mortgage rates are rising.... They are projected to be near 5 percent by this time next year, compared to the 3.5 percent average of the past 12 months. Certainly, rising rates are bad news for buyers and some potential homebuyers will be pushed out of the market. For example, the number of renter households that have sufficient income to buy a $177,000 home at a 3.5 percent mortgage rate is 17.8 million. The number drops to 14.9 million at a 5.0 percent mortgage rate, which is a decline in percentage terms of 16 percent. |
| Posted by dawnmitchell at 10:23 AM |
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Saturday, June 01, 2013
| Posted by dawnmitchell at 11:24 AM |
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