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Loan Consultants
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Dual Agency Real Estate Transactions - Dual Agency Real Estate Transactions: What Is It? Dual Agency Real Estate Transactions are when the buyer and the seller share the same real estate agent.  This is where the agent listing the home has also brought in a client that wishes to purchase a home as well.  In a normal circumstance there is a separate agent for both the buyer and seller, but this is not always the case.  In this scenario the listing real estate agent can have his/her cake and ...
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Become Loan Officer With Bad Credit - Become Loan Officer With Bad Credit: Is It Possible? If you are interested in becoming a loan officer, but don’t have the best credit in the world, don’t worry because it is still possible to Become Loan Officer With Bad Credit.  If you are interested in a new career as a loan officer then you will be surprised at how rewarding this career choice can be.  If you have you client’s best interest with every decision you make, you will go far in this indust...
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2016 FHA Non Occupant Co-Borrower - 2016 FHA Non Occupant Co-Borrower: Updated I wanted to take time to write this article to clarify the rules regarding 2016 FHA Non Occupant Co-Borrower as well as some other items along the way.  The common myth within the mortgage industry is that if you cannot qualify for a purchase home loan on your own that you won’t be able to buy a home.  Well this couldn’t be farther from the truth as loan programs such as FHA have guidelines to where borrowers can...
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July 2016 Mortgage Applications Dropping - July 2016 Mortgage Applications Dropping: Rates On The Rise In my ongoing effort to keep everyone who reads my blogs up-to-date with the state of the mortgage industry, I am going to try and dedicate at least a blog or two every week to market trends and factors that are influencing mortgage rates as well as applications as well.  Both of these items go hand in hand and can directly correlate to one another.  Recently I have been focusing on Brexit...
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Extra Mortgage Payments Vs Refinancing - Extra Mortgage Payments Vs Refinancing: Introduction With the market being so hot for refinancing opportunities, you may be going over Extra Mortgage Payments Vs Refinancing in your head and trying to calculate which is better for you.  If you don’t know for certain which method is best for you, hopefully this article can clear it up for you. Extra Mortgage Payments Vs Refinancing No matter your reasons for refinancing, for the sake of this argument ...
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Mortgage Processing: How It Differs From Company To Company - Mortgage Processing: Not Always The Same There are different ways of Mortgage Processing at the different lenders in this country, and every step along the way the mortgage processing conducted by the mortgage processor may be similar or vary slightly depending on where and who you are working with.  At some lenders, they will require the loan originator or the loan officer to accumulate all the paperwork needed from the borrower...
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Automated Underwriting System - Automated Underwriting System: What Is It? The Automated Underwriting System is a computerized mortgage underwriting system that analyzes a potential mortgage borrower’s application for a home loan and uses its parameters to automatically give an approval or denial.  The Automated Underwriting System or AUS for short is set-up with certain criteria to abide by such as: borrower’s credit scores, borrower’s credit payment history, credit trade lines, delinquent...
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2016 Guidelines Fannie Mae 5-10 Financed Properties - 2016 Guidelines Fannie Mae 5-10 Financed Properties: Intro Before we get into the 2016 Guidelines Fannie Mae 5-10 Financed Properties, a little back story and introduction to this topic.  Fannie Mae and Freddie Mac are the two main players who are Government Sponsored Enterprises or GSEs that regulate and implement the requirements needed for Conventional Loans.  They create the guidelines that need to be followed by Conventional Loan Mo...
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Brexit Mortgage Relief Is Over - Brexit Mortgage Relief Is Over:  Good While It Lasted If you read my previous article about the Brexit Mortgage Relief that was underway about a month ago then I am sorry to say that this article is going in the exact opposite direction.  In the 2 weeks following the publishing of my article, I can say that the Brexit Mortgage Relief was short lived and that the Brexit Mortgage Relief Is Over.  It seems that as soon as all the news stories broke about the in...
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All New Homebuilders Are The Same: Ryan Homes Included - All New Homebuilders Are The Same: Price Doesn’t Matter Last night I had the opportunity to see a family member’s newly completed 3,800+ square foot home built by Ryan homes and I can tell you All New Homebuilders Are The Same.  Now before I get into what my impressions were, if you have read my blogs in the past, you will know that I built my home with Ryalnd Homes and I had plenty of issues with moving into my home.  Now back to the...
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