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Appraisals in America

Posted on March 5th, 2012 with 1 Comment

By Fred Glick Appraisals continue to be a hinderance for purchases and refinance transaction ever since the implementation of the Home Value Code of Conduct. As of May 2009, the federal government, Fannie Mae and Freddie Mac required that an appraisal be ordered through a

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Sourcing Your Loan

Posted on March 4th, 2012 with 0 Comments

By Michael Dolan The standard guideline for loans is that you need enough cash to close the transaction sitting in your Savings or Checking account for two months.  For a refinance, that may mean a few thousand dollars.  For a purchase, it usually means 20%

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Qualifying For a Loan

Posted on February 25th, 2012 with 0 Comments

By Jared Martin A common question most borrowers have is, “how is my loan application evaluated”, or “what is an underwriter looking for?” There are 4 main things an underwriter is evaluating: capital, capacity, character, and collateral. The first 3 relate to the borrower, and

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