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Loan Fees Should be Exact – to you it’s a buffer, to a regulator, it’s gouging
For most loan fees, I have a tolerance of 0% on how much I’m supposed to be off. What that means is that my loan fees need to be known and disclosed up front, many times before we even have all of the facts as a lender. I can’t be wrong, and if I am,…
Read MorePhiladelphia Mortgage Refinance
Philadelphia Mortgage Refinance Recently I was able to help a favorite client of mine with his Philadelphia mortgage refinance. When rates dropped several years ago, we were able to take advantage and help him save a lot of money each month. After our closing he used a home equity line of credit to do…
Read MoreHow the Brexit Affects Mortgage Rates
How the Brexit Affects Mortgage Rates A week ago today the people of the UK voted en masse to leave the European Union (EU). In the immediate wake of that vote, Sterling, Asian Stocks, and domestic stock futures all took a beating. Traders rushed to “safe” havens of bonds and long term, stable investments.…
Read MoreFuture Income Mortgage Loan
The Future Income Mortgage Many people think mortgage qualifying involves evidence of current income to the tune of W2 forms and paystubs. While this is true in many cases (along with tax returns and verifications of employment), there are several other ways to qualify for mortgages. In recent months, alternative income methods have made a…
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