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NO ‘mysterious’ deposits to your bank accounts – Borrowing money for a down payment to buy a home is an absolute ‘no-no’ in the world of mortgage lending. If there is a chance you may not have enough for the … Continue reading
Tagged banker, borrower, buyers, credit score, FHA, FHA 203k, finance, for sale, home, home loan, homes, interim fincnce, lender, loan, loan modification, loan underwriter, mortgage, pre-qualification, repair loan, sellers
This gallery contains 15 photos.
What is a Bond for Deed? A Bond for Deed is actually a Deed in Trust and is used as a type of owner financing. It is in fact, an interim finance program whereby the deed is held in trust by a bonded … Continue reading
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NO Money? NO Credit? . . . .NO Problem! Rent to Own . . . . Lease Purchase . . . . Owner Finance . . . . First of all, if the first line sounds a bit dumb, … Continue reading
Tagged bond for deed, buyers, credit, credit score, debt, finance, home, home loan, interim fincnce, landlord, lease, lease purchase, option to purchase, owner finance, poor credit, real estate, rent, rent to own, st tammany, tenant
This gallery contains 10 photos.
… and Credit Reports Quite often people may know their credit isn’t ‘stellar’, but when thinking about buying a home, they would like to know ahead of time just how bad (or good) it is. . . and often to their surprise, they … Continue reading
Tagged bad credit, buyers, credit, credit repair, credit score, debt, equifax, expirian, finance, free credit reports, free credit score, home loan, interim fincnce, mortgage, pre-approval, pre-qualification, quizzle, quizzle.com, repair loan, trans union, transunion
What is an FHA loan? The word ‘loan’ is a bit of a misnomer, since Federal Housing Administration (FHA) loans are not loans at all. What the FHA does is insure loans so that lenders can offer mortgage assistance to … Continue reading
Tagged bank repo, buyers, credit score, FHA, finance, for sale, home loan, loan, mortgage, pre-approval, pre-qualification, real estate
What’s the difference??? There are three types of home-sales that require you to be Pre-Approved. REO’s (home foreclosures) Short Sales (sale price is lower than the sellers mortgage payout) ‘Relos’ (homes being sold by a seller’s relocation company) Add to that, ordinary … Continue reading
Tagged bank repo, credit score, foreclosure, home loan, loan, mortgage, pre-approval, pre-qualification, real estate, repos, reposession, short sales
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Have you had a bankruptcy in the past? Had debts that went to ‘Collection” and were written off? Do you think because bill collectors don’t call anymore, it’s all forgotten? Wrong!! Not only is it not ‘forgotten’, you have to … Continue reading