|Mortgage & Refinancing Information|
Kings Bay Saint Marys & Kingsland Georgia Real Estate - Getting a Home Loan with Damaged Credit
So, you have made the decision that you would like to become a homeowner. As lenders, we have to perform a credit check. The credit we review are provided by all three reporting agencies. Equifax, Experian and Transunion are the three agencies lenders use. The middle of all three beacon scores is the one used to qualify a borrower for a mortgage.
Many lenders will deny would be borrowers if their mid-score is less than 620. However I take a different view of credit scores and look for a way to get the loan approved. There are sub-prime loans available for borrowers with low credit scores, however I believe that it is in the best interest of my clients to take the time to make some small repairs to their credit. By doing this, I am not only providing a valuable service that helpsmy clients, but I am able to save them from 2% to 4% on a fixed mortgage rate.
How long does it take before you can close on a loan? Usually from 30 to 60 days. It depends on how quickly you can provide me with the information to repair the credit.
How much does this cost? Nothing,provided you get your mortgage through my company.
It is best to contact me before you look at houses with your realtor. This way, you will have a pre-approval before you select your new home.
Contact me by visiting my website at www.thebestmortgageguy.com
Glenn Keller is a veteran in the mortgage industry and specializes in VA, FHA and Conventional home mortgages. Glenn is a Georgia representative with Affordable Home Funding at 1204 Hospitality Ave., Kingsland Georgia 31548
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How should I apply for a mortgage refinance: in person, by phone or online? - The Mortgage Reports (blog)
Home Mortgage Refinancing - What's in Your Contract?
Are you one of the millions of Americans who will be refinancing their home mortgage loan this year? When you sign your contract and the other papers for your refinance, will you know what your signing?Your Contract: This one is simple, but I would guess very few people do it. READ THE ENTIRE CONTRACT.
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The decision to buy a home in Florida can be one of the best you will ever make. If you own a home in Florida you may be considering refinancing.
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A commercial mortgage is a loan that uses commercial property as collateral. A commercial mortgage is a business loan which is secured against a commercial property.
What is a Tracker Mortgage?
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Home Equity Loans in Texas
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The Best Way To Get The Right Mortgage
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People with bad credit that are looking to get a home mortgage loan or to refinance their existing home mortgage loan, know how difficult of a job it can be to try and get approved. Adverse credit history can mean a little more legwork to get an approval for a mortgage loan, and especially to get a decent interest rate.
Home Owner Loans Explained
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Repayment Remortgages is The Cure For Outdated Endowment Policy
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Bad Credit Home Equity Loans
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Buying A Home After Bankruptcy - Get A Mortgage Loan After Bankruptcy
If you have a recent bankruptcy on your credit and are looking to get financing for a home, there is hope. Buying a home with bad credit will just put more emphasis on the other two factors needed to get a mortgage loan, which are; income verification and a down payment.
Why Choose a Home Owner Loan?
Most people choose a home owner loan as it can release the capital that is tied up in their property for immediate use. The loan can be used for any purpose, and is available to anyone who owns their home.
Short-Term Interest Rates on the Rise; Adjustable Rate Mortgage Holders Prepare for Increase in Rate
Interest rates are on the rise and many home owners who have adjustable rate mortgages may see increases in their forthcoming annual adjustments.Federal Reserve Chairman Alan Greenspan made it clear in 2004 that the Federal Reserve would be increasing short-term interest rates at a "measured pace.
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