Category Archives: Loans

Top Creative Tips for Paying Closing Cost Credits

Are you on the hunt for a new property? Congratulations! Buying a home represents an exciting milestone in many people’s lives. Before you rush into a deal, the smart approach is to strategize ways to minimize closing costs before you … Continue reading

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Benefits of Choosing a Mortgage Banker

As you begin your search for a mortgage lender, don’t discount smaller, local entities like banks or credit unions. These small institutions use their funds or funds borrowed from a warehouse to provide loans to their customers. Once you’re familiar … Continue reading

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Pre-Qualifying for a Loan vs. Loan Pre-Approval

Getting a mortgage usually involves getting pre-qualified or pre-approved for a loan at some stage in the process. Although pre-qualification and pre-approval are both stepping stones to securing a home loan, they are actually quite different, and it’s important to … Continue reading

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How to Become A Loan Officer

Navigating the challenges of obtaining a mortgage for a dream home can be a daunting experience. A licensed loan officer helps to alleviate those challenges by guiding their clients through the financial process while also educating them about the best possible options.  … Continue reading

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Can You Get a Better Home Loan From a Bank Or a Non-Bank?

The home loan landscape has changed dramatically since the financial crisis of 2008. In 2010, loan originations from non-bank lenders represented a 10% market share. By 2017, their share skyrocketed to 50%, presenting a new challenge to traditional banks. Responding … Continue reading

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FHA: Fewer Home Approvals

The Federal Housing Administration suffered a 27% drop in market share from fiscal 2010 numbers. Department of Housing and Urban Development numbers show that while FHA refinance volume has increased by 9% since August, the 12% drag on purchase production … Continue reading

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