First Step What should be your first step if you are contemplating buying real estate whether for the first time or again? The words are GET APPROVED. Your Friendly Loan Broker You get approved by going to your friendly Loan Broker. I recommend someone who is DRE or DBO licensed, not the big bank people. […]
URLA Form Big changes are coming to the URLA. In fact, it is a whole new form that replaces the five page form from 2009. Whenever a Federal Agency, in this case Fannie and Freddie, make a new form does the number of pages increase or decrease? Will the new form have three, five, eight, […]
All Owners Borrowing On Their Personal Residence For “Consumer Purposes” Must Receive A Federal Booklet, “Your Home Loan Toolkit” It is an excellent source of information concerning loans. The booklet is available free at www.cfpb.gov. I Want To Discuss The Last Section In The Booklet Title: Owning Your Home, subtitles-Owning a home is exciting; your […]
I Discussed The Reasons For Getting Pre-Approved For A Loan Before You Start Shopping For A Home Does getting approved beforehand guarantee that you will get the loan you want. Again, quoting the National Assoc. of Realtors, “Being pre-approved is not a sure-fire way of obtaining a loan either”. Yes, after you get approved, many things could go […]
