what should i look for before sign the Mortgage Paper ???? anything bad ????
919513
Do not sign the paper without talking it through with your lawyer!
202312
Are you serious?????!!!!  I have been doing mortgages and real estate for over 7 years and I still learn something new about my job everyday.  \n\nI would like to say that there is never a stupid question, but this one may be a bit challenging.....jees.....
1081219
Make sure your loan contract says that excess goes to principle, which is the more favorable option.\n\nMost, not all, loan agreements are written this way, so double check.  Ask to see the language in the document if you are currently loan shopping.
888609
Before you pay off your mortgage, please double check the copies of the original documents. More than likely, your accountant did this, but just to be safe, I recommend double checking them. The reason I say this is because even though the prepayment penalty may be illegal, unrecognized, or whatnot, in your state, if you agreed to one on your Mortgage/Deed of Trust or your Note, you are liable for that prepayment fee. It isn't often that you see this, mostly lenders will do it if they think the loan is risky. But my opinion would be that if your accountant suggested paying this off, then it is in your best interest. You will lose the interest deduction on your taxes, but it's possible that you're at a point where it won't make that big of a difference to you financially. Though that is a question that you may consider running by your accountant. Good luck and congrats on being able to pay off your mortgage!
9051
The bank would much prefer you to make your payments compared to taking on a property.  Talk to them.  A lot of times they can work out a deal.
1032951
Are you talking about a Letter of Explanation? That's something often asked for during the mortgage process, especially if there is a gap in your employment or something derogatory on your credit report. \n\nNormally the underwriter is looking for good reasons to decide whether or not you should get the loan - and this is your chance to explain. \n\nA short, but thorough, explanation is good, and sometimes lean a little towards a "sob story." Health reasons, getting laid off, having your purse stolen, etc. are all good reasons you might have something negative come up. Explain in the letter what happend, and how you solved the problem. Also state that the problem hasn't happened again (if it indeed hasn't.) \n\nTips: Be professional. Type the letter if you can, instead of handwriting it. Check your spelling and grammar. Don't make the letter overly long or wordy. Also, see this link for good articles, polls, discussions and blogs about loans and mortgages: http://mortgagesloans.suite101.com/ \n\nGood luck!
239189
It's not easy, and without more information I cannot give you direct advice. But visit the mortgage Professor - you'll find a link to his website on mine.\n\nSee source pages below.\n\nGood luck!
90492
Be there WITH the home inspector. If he's good, you'll learn a lot about what to watch for, what could be improved, and how to maintain/avoid problems. The inspector's list of 'scare' items may be huge;to pare those down to actual items that would represent health & safety issues or you may lose the house if you're expecting an existing home to get whipped into 'brand new' shape for you by nitpicking every detail. [Example: Inspector warned us of hairline sink cracks--'could leak any time!' I didn't think I could justify making a seller 'repair' something that wasn't leaking, I lived there 8 yrs, it never leaked.] YOU might want to hit the FNMA website for 1st time homebuyer booklets, which may be of help. You've struck a big broad question--every deal will be different. Big hint: DON'T take assertions and promises verbally...needs to be in writing on purchase contract or addendum.The loan officer may or may NOT know anything--I've been in business 20+ yrs & you can't tell one from the other on your end. Attorneys may charge a flat fee for reviewing paperwork--the peace of mind may be well worth the expense. You don't need to put 20% down--I'd advise against it if it drains your cash reserves, or you'll be house-poor, broke, and scrambling for higher interest rate financing to survive.
946181
Depends on the state you are in. Check with your bank first. They might be willing to do it. Most lenders won't want to mess with that. A land/home package would be better and get you a better interest rate.
616148
I've found that you're better off giving them the control.  Tell them that as a preferred customer you will charge 2 points.  They can take that as front points or ysp.  They decide.  The other guy is right, you won't find the documentation you're looking for.  \n\nOh, they know that what you are offering is fair.  Especially if they've bought a house before.  Even if they didn't, they're probably comparing your offer to other companies they've shopped for in their mind.   They're going to keep saying that you're charging too much.  That's their job as consumers.  Set your price and stick to it.  If you've done your job of earning their trust, they'll stick with you.
346295
from mortgagetransit.com
321762
Ours has been discharged now for about a year and a half and we are in the process of purchasing a 4 bdr, 2bth home. So far we have the home but are now looking for a piece of land to put it on. All we had to do was show proof of discharge and what all was paid off in it. Since you have no money to put down I would check around and find out what ya had to have down. If you had to have a down payment I would try to get a co-signer, or look into FHA, HUD or Section 8 or any Government loan programs to see if I could get help from any of them. Good luck and wish ya the best..... :0)
556857
so you have your own mortgage company?  I can probably help you steamline your process email me at taustin288@gmail.com and we can probably work out something
456101
Often that means that they have to change their title deed to reflect the new mortgage company.  These records are often public records that you can request at your county recorder. They might even have an online system.  Our county does... personally I find it kind of scary what people could find out this way.
174037
Call or go to SOX (Sign on the X .com) and ask for Heidi Tweedt. They have a national signing service that yo can be a part of. They contact you if you're in the zip code for a particular client who needs o be signed for a mortgage loan. You can get a significant amount of extra business from it!
322201
Depending on the type of loan you need for your new home, you need to have a DTI (debt-to-income ratio) between 45-50% opn average for a purchase. It makes sense to refi your home to ensure you are prequalified to purchase the new home. It is difficult for a mortgage broker to provide you with a preapproval letter (usually required by a Realtor to prove to a seller that you are a ready-willing-able buyer) unless you meet this DTI guideline.  However, ask what your DTI is and ask that to see it on the application. Worst-case-scenario (although unlikely) and if the mortgage broker is unscrupulous and your DTI is fine, they could be trying to get two deals out of one.  It is very common to recommend a refi prior to listing your home for other reasons as well - for example if you find your dream-home and you put in an offer, but your current home hasn't sold, your purchase offer will have to have a 'contingent upon current sale' clause. This could become a heart-breaking 'deal-breaker' if your home doesn't sell before the offer expires. A seller cannot be expected to hold the sale for you, while you are waiting to sell your home. Also, it is good to have the cash from your refi in the bank (or better yet, invested) as 'reserves'. This makes a lender feel more confident in lending you money for a hew home, because the extra cash removes risk by showing you could cover your new mortgage payment if for some reason you were to become unemployed. I hope these three reasons help you become more confident with your broker. I know it is scary for everyone, and the media only makes it more confusing for consumers. I commend your questions!  Keep asking, information is free!
425870
I would suggest checking the amounts that comparable homes that recently sold for, in the same neighborhood, or in the same general area you are interested in. Usually newspapers print real estate transactions once a week or so. Or you can check the county webpage, and see if they have a listing for completed real estate transactions.\n\nI hope this helps.