Tag Archives: appraisal

More Mortgage Regulation This Time Appraisal Mgmt Companies

Posted ago by Cary Cox

ShareA few years back regulators crushed the appraiser that had spent years developing working relationships with mortgage brokers when they implemented the Appraisal Management Company in which all mortgage originators must order their appraisals. Instead of putting the Too Big …

FHA Mortgage Appraisal Standards

Posted ago by Cary Cox

ShareA mortgage appraisal is the last line of defense for a lender. The mortgage lender must know that the value of the home is accurate in order to make the proper decision whether to grant the mortgage to the borrower …

Mortgage News – Things I’m Seeing

Posted ago by Cary Cox

ShareThe one constant it seems over the last few years in the mortgage lending industry is change, especially in underwriting guidelines. It seems that Fannie-Mae and Freddie-Mac are constantly tightening mortgage underwriting guidelines for anyone that wants to refinance their …

Mortgage Application Tips – Part III

Posted ago by Cary Cox

ShareThis post will be the last in our series of “Mortgage Application Tips”. The blog posts have been written to show borrowers how to enhance their chances for mortgage loan approval when financing their home. We’ve covered credit scores, income, …

How to Save Money on Your Mortgage!

Posted ago by Cary Cox

ShareEveryone knows that when mortgage rates fall you can save money on your monthly payment by refinancing your mortgage. But your monthly mortgage payment has three components to it – interest, principle, insurance, and taxes. One of these four items …

The Importance of Comparable Sales for Your Mortgage

Posted ago by Cary Cox

ShareIn today’s mortgage market once you know you are credit qualified for a conforming mortgage, jumbo mortgage, or super jumbo mortgage the most important thing to have is making sure that your property you are purchasing or refinancing has good …