Category Archives: home loan

Key Advantages of Getting a Home Loan From a Non-Bank Lender

In 2016, non-bank lenders grabbed a bigger share of the home loan market than banks. Even though banks had a healthy 44% share of the loan market, non-bank lenders did even better with a 47% share. These statistics reflect a … Continue reading

Posted in home loan, Home Page Blog, homebuying, Tips and Tricks | Comments Off on Key Advantages of Getting a Home Loan From a Non-Bank Lender

Is Mortgage Fraud on the rise even with the new Fannie Mae requirements for QC?

While commercial loan origination and median home prices have been trending downwards, mortgage and property fraud rates have been steadily increasing, up 75% from pre-recession peaks. According to the CoreLogic Fraud Index, $12 billion worth of originated loans were found … Continue reading

Posted in commercial loan, CoreLogic, Fannie Mae, home loan, Homeowners exemption, mortgage, mortgage fraud, real estate, SAR | Comments Off on Is Mortgage Fraud on the rise even with the new Fannie Mae requirements for QC?

The Importance of Home Inspection

  There are several reasons to inspect a home before purchasing. Safety -A home inspection can protect you, the buyer, from any safety issues like carbon monoxide, radon and mold, which is quite common in foreclosed and short sale properties. … Continue reading

Posted in buyer, Federal National Mortgage Association, home inspection, home loan, homebuyer, inspector, real estate, seller | Comments Off on The Importance of Home Inspection

What Does 25 Percent PMI Coverage Actually Mean

Question?   What does 25 percent PMI coverage actually mean Answer:  25 percent coverage actually means that the MI company will pay out 25 percent of the loan amount and total expenses to the lender when a property goes into foreclosure … Continue reading

Posted in Fannie Mae, Federal National Mortgage Association, Freddie Mac, home loan, mortgage, pmi | 1 Comment