Lack of Inventory Challenges Housing Market Recovery
The KCM Crew of the Keeping Current Matters blog posted a great article yesterday called “Inventory: Only Challenge to the Real Estate Recovery,” and we want to share it with you: The real estate...
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Glossary of Mortgage Lingo
The home-financing process can often be complicated, especially for first-time homebuyers. Below is a list of related terms that will help you develop a solid foundation on which to base your...
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10 Things to Know About Appraisals, part 1
The appraisal is a vital part of your overall loan approval process. We don’t take it lightly. That is why, along with your agent, a Mortgage Specialist is someone you need on your side to get you into...
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10 Things to Know About Appraisals, part 2
In my previous post, I listed the first half of ten things you should know about appraisals. Below you will find the last five facts. 6. Specific “red flags” are viewed by underwriters on every...
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A Step-by-Step Guide to the Mortgage Process
When you finance your home through Cornerstone, we will guide you through the entire process and address any of your questions or concerns in a timely manner. Our goal is to make your mortgage...
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Top 7 Credit Score Secrets, part 1
In my experience working in the mortgage industry, I have found that many people have a misguided perception of credit. I want to help set the record straight about some common credit myths and provide...
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Top 7 Credit Score Secrets, part 2
In my last post, I shared the first of seven secrets to help protect or improve your credit score. A higher credit score leads to better interest rates on car loans, mortgages and large purchases, and...
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Will your mortgage lender survive the refi bubble burst?
This short article, “Get Ready for the Refi Bubble to Burst,” from American Banker highlights news pertaining to the home lending industry, and warns mortgage bankers to brace themselves. As interest...
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Finding the Cash for Your Down Payment
Mortgage programs typically require a 20 percent down payment, but few people have that much cash reserved. There are some home loan products that require less, such as FHA loans that require 3.5...
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5 Important Questions for Home Buyers
You understand the benefits of homeownership. Now, where to start? How much will owning a home actually cost? How should you choose your first home? There are so many questions that go into the...
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