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  • Avoid Big Ticket Purchases When Applying for a Home Loan

    Once your loan package has been sent to the lender, there are a number of things you should avoid doing that will change your financial picture. Avoid making any major purchases. You might be thinking about purchasing new appliances for the new home. This is not the time to do it. Avoid making any major purchases of anything with a significant price
    Posted to General Mortgage (Wiki) by Bob Basmajian on Sun, Mar 30 2008
  • Private Mortgage Lenders and Hard Money

    Private Mortgage financing today is very difficult to obtain, many companies who once offered this type of financing are no longer around. Before anyone in my opinion could offer you suggestions on where to look they would first need to know why you are seeking this financing option and if you are looking for purchase or refinance money and will this
    Posted to General Mortgage (Wiki) by Bob Basmajian on Sun, Mar 30 2008
  • Getting the Equity Out of Your Home

    This question you ask cannot be answered without knowing what I like to call "The Pieces of the Puzzle". I have personally in the past 60 days qualified a client for 95 % cash out refinance . Would that make sense for you? I don�t know. Factors involved in getting an approval for this high of a loan to value would be based on several things, the area
    Posted to Refinance (Wiki) by Bob Basmajian on Sun, Feb 10 2008
  • FHA Secure Lenders

    I welcome the opportunity to answer any of your questions regarding the guidelines for the FHA Secure financing program. As far as being able to do a FHA Secure Loan, the approval of this type of loan would be determined by completing an application, reviewing credit and understanding the homeowner�s current circumstances to see if they meet with the
    Posted to Questions from Web (Wiki) by Bob Basmajian on Sat, Jan 19 2008
  • Verification of Mortgage History

    In my experience I have never been refused a request for verification of mortgage history as we in the business call it. However depending on the lender they may have certain procedures that must be follow in order for them to supply you with the information you're requesting. My advice to you would be to draft a letter of request with all of your
    Posted to Servicing (Wiki) by Bob Basmajian on Sat, Jan 19 2008
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