Tag Archives: loan

No Money Down Financing?

Posted on October 25, 2019 by Joyce Albert

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Yes!  . . . and it is not a gimmick nor is it VA. It is a little known federal program called USDA Rural Development. Unlike most loans, a USDA-RD loan is unique in that the property itself is the … Continue reading →

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Buying a new Home? . . .Warning!!!

Posted on August 27, 2019 by Joyce Albert

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NO ‘mysterious’ deposits to your bank accounts – Borrowing money for a down payment to buy a home is an absolute ‘no-no’ in the world of mortgage lending. If there is a chance you may not have enough for the … Continue reading →

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Principle, Interest, PMI, Escrow – What’s it all About?

Posted on August 19, 2019 by Joyce Albert

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Principle and Interest The first item on your house note will be the  Principle and Interest (P&I) calculation based on the original amount of your loan. Using a good Mortgage Calculator, simply plug in the current interest rate and the … Continue reading →

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Improve Credit Scores with NO MORE Late Payments

Posted on January 5, 2014 by Joyce Albert
Increase Income

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If you earn enough to pay your bills, but are always just a day ot two late, this small adjustment to your bill paying methods could save you lots of money and add an add’l 50 points to your credit score. … Continue reading →

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FHA Loans

Posted on June 25, 2011 by Joyce Albert

What is an FHA loan? The word ‘loan’ is a bit of a misnomer, since Federal Housing Administration (FHA) loans are not loans at all. What the FHA does is insure loans so that lenders can offer mortgage assistance to … Continue reading →

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Pre-QUALIFICATION or Pre-APPROVAL?

Posted on June 18, 2011 by Joyce Albert

What’s the difference??? There are three types of home-sales that require you to be Pre-Approved. REO’s (home foreclosures) Short Sales (sale price is lower than the sellers mortgage payout) ‘Relos’ (homes being sold by a seller’s relocation company) Add to that, ordinary … Continue reading →

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