Monthly Archives: January 2010

The Loan Process

What is involved when obtaining a mortgage loan? Be it a purchase or a refinance, this can be a confusing process for borrowers. In an attempt to shed some light on the sometimes obscure and perplexing loan process, I will go over the … Continue reading

Posted in Uncategorized | Tagged , , | Leave a comment

Is a Reverse Mortgage Right for You or a Loved One?

Would you or a loved one benefit from a reverse mortgage? A reverse mortgage benefits anyone over the age of 62 living on a fixed income. It can help supplement social security & retirement income, meet unexpected medical expenses, make … Continue reading

Posted in Uncategorized | Tagged , , , , | Leave a comment

Preapproval as opposed to Prequalification

Do you know the difference between a prequalification and a preapproval? Most buyers and some loan officers are perplexed by this. A prequalification is merely a loan officer’s opinion of a buyer’s qualification. Hence, prequalification. In today’s market, a prequalification … Continue reading

Posted in Uncategorized | 1 Comment