Tag Archives: Loan

Two congressmen have introduced a bill ……..

Two congressmen have introduced a bill that would permanently ban using Fannie Mae and Freddie Mac guarantee fees to cover federal spending not related to mortgages. Guarantee fees, or g-fees, are charged to cover the GSEs’ costs for guaranteeing mortgages … Continue reading

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Deutsche Bank’s fine might be higher than Goldman Sachs Group Inc.’s penalty of $2.38 billion

Deutsche Bank AG is nearing an agreement with the U.S. Department of Justice to settle a long-running investigation into the sale of residential mortgage-backed securities, Manager Magazin reported. U.S. authorities will send a 100-page statement of facts to Germany’s largest … Continue reading

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Are lenders misleading borrowers?

National Mortgage News recently spotlighted ways some mortgage originators unintentionally –or intentionally — mislead borrowers. Here are a few things to be on the lookout for. 1. The big deal. Lenders violate the Consumer Financial Protection Bureau rules if they advertise … Continue reading

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Wait….Before you sign that….

We all need to borrow money in order to purchase our homes, hardly anybody pays cash for such a large purchase, which means we need a mortgage. But there are several questions you should ask before you sign that mortgage … Continue reading

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Eight Questions to Ask Your Mortgage Broker

Buying your first home can be both an exciting and stressful experience. Your home represents a huge financial investment and you want to be sure that you’re making the right decision for yourself and your family. If you’re considering buying … Continue reading

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Mortgage Loans for People with Bad Credit

Being hindered by a low credit score used to mean that lenders were reluctant to approve any loan applicants. But with the availability of mortgage loans for people with bad credit, disappearing. The fact is that a variety of lenders, … Continue reading

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Pre-Approved for a Loan…….who did you get it from?

It seems like the buyers who call me every day understand more and more that they need to get prequalified for a mortgage prior to getting started with the homebuying process. Most also understand that shopping for the most competitive … Continue reading

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Buying Investment Property with Your IRA

Many property investors are unaware of IRS rules that allow them to take non-recourse loans against their self-directed IRA, and leverage their savings to buy investment real estate. Best of all, IRA-owned investment property can be taxed at a lower … Continue reading

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