What truly causes a housing bubble and the inevitable crash? For the best explanation, let’s go to a person who correctly called the last housing bubble – a year before it happened. “A bubble requires both overvaluation based on fundamentals and speculation. It is natural to focus on an asset’s fundamental value, but the real key […]
Don’t Let Fear Stop You from Applying for a Mortgage
December 5, 2017 by ·
A considerable number of potential buyers shy away from jumping into the real estate market due to their uncertainty about the buying process. A specific cause for concern tends to be mortgage qualification. For many, the mortgage process can be scary, but it doesn’t have to be. In order to qualify in today’s market, […]
Why Is There So Much Paperwork to Sign to Get a Mortgage?
November 25, 2017 by ·
We are often asked why there is so much paperwork mandated by the lenders for a mortgage loan application when buying a home today. It seems that the lender needs to know everything about the borrower and requires separate sources to validate each and every entry on the application form. Many buyers are being told by friends and family that the […]
InfoGraphic: The Mortgage Process
June 30, 2017 by ·
Karen Jones is a Licensed Mortgage Loan Officer (NMLS 307015) serving Arizona and California. As a Banker of over 39 years, she is dedicated in ensuring that her clients are well educated and prepared for their new home purchase.
The Foreclosure Crisis: 10 Years Later
April 13, 2017 by ·
CoreLogic recently released a report entitled, United States Residential Foreclosure Crisis: 10 Years Later, in which they examined the years leading up to the crisis all the way through to present day. With a peak in 2010 when nearly 1.2 million homes were foreclosed on, over 7.7 million families lost their homes throughout the entire […]
Mortgage Standards Easing TOO MUCH? NO!!
October 29, 2016 by ·
There is no doubt that getting a mortgage is easier today than it was right after the housing crash a decade ago. However, the easing of credit availability has led to some questioning of whether or not we are headed for another housing crisis. Let’s put everything into the proper perspective. Mortgage Credit Availability Over […]
3 Crucial Questions Most Home Buyers Don’t Know the Answer To…DO YOU?
August 22, 2016 by ·
Whether you are considering the purchase of your first home or trading up to the home your family frequently fantasizes about, there are three crucial questions you must know the answer to: 1. What is the minimum down payment required to purchase a home? 2. What is the minimum FICO score required to qualify for […]
3 More Common Credit Myths
June 12, 2016 by ·
The media, newspapers, internet are full of information, but sadly, much of the information concerning credit is inaccurate. Please enjoy this article provided by: Sal Bonanno Prime National, Inc. Main: 855.278.3578 Direct: 646.283.2783 www.PrimeNational.com Let’s check out some common credit myths: Credit Myth: “Multiple credit inquiries will hurt your score, each and every time.” In older […]
TRID- What Consumers Need to Know…..
September 30, 2015 by ·
New Federal Home Loan Disclosures start on October 3, 2015 and consumers do need to know what it is all about. Here are a few videos that touch on the new regulations so you can be informed. TRID (TILA / RESPA Integrated Disclosure Rule) requires lenders to create disclosures that provide a clearer understanding of […]
Concerned About TRID?
July 17, 2015 by ·
We have the Home Loan Program to resolve your TRID closing concerns! With our Protect Your Transaction (PYT) service, your homebuyer will have their credit approval completed upfront, with built-in protection just for them. PYT Transactions have smooth closings and loan documents are delivered to Title early, as it an extremely efficient way to […]
