Before you attempt to get pre-approved, make sure you have all of your financial documentation, including tax returns, so you get approved for the correct amount that you qualify for. I have seen customers with approvals that are not worth the paper they are printed on because the income after adjustments is significantly lower than… Read more »
Tips From Residential Home Funding’s Experts
2016 & First Time Home Buyers
2016… No, it’s not a sequel of the movie 2012. It’s the average number of hours a first time home buyer spends searching before they buy their first home according to the National Association of Realtors. Do you really want to do that work by yourself? Yeah, thought you’d say that…. Read more »
WHAT Did You Say To Me? Finding A Star Mortgage Loan Originator
Quick… Would you rather have a 5/1 ARM with 2/2/6 caps or 10/1 ARM tied to LIBOR? Huh … what did you say? Yeah, that’s how most first time home buyers feel when loan officers toss out fancy mortgage terms to convince buyers how smart they are. If you’re working with someone… Read more »
Elizabeth Fragale- Mortgage Loan Originator
“Whether looking for a home or getting pre-approved, knowledge is power. This is what I tell my clients. Not only will a bid from a pre-approved client carry more weight with the seller, but the buyer can feel comfortable after they fully understand what their new mortgage payment will look like.”
David Stein, COO/Partner of Residential Home Funding Corp. Quoted on 5 Things to Know About Mortgages Now
The mortgage industry is constantly changing and it is imperative for professionals to continually educate themselves so that they can best serve their clients. David Stein, COO and Partner of Residential Home Funding Corp was interviewed by Kathleen Lynn, a writer at The Record, about the five things to know about mortgages now. This… Read more »
Peter Charles- Mortgage Loan Originator
When shopping for a mortgage, don’t simply select the best price quoted over the phone or printed in the media. Trust and relationship are very important factors in selecting your mortgage provider. Work with a diligent professional that is willing to provide personalized service. Throughout the loan process you’ll come to appreciate heightened levels of… Read more »
John Zura- Branch Manager & Mortgage Loan Originator
Buyer’s Get Moving! With rates near the bottom and home prices on the rise, it’s still a perfect time to buy a house. If you can afford a home and qualify for a mortgage, this may be your last chance to take advantage of the market and own a home for less. To… Read more »
NATIONAL MORTGAGE PROFESSIONAL MAGAZINE STORY ON CONTINUING EDUCATION
Continuing Education Requirements: More Than Compliance; A Path To Success By Barbara Scalera, Residential Home Funding There’s one school of thought that says continuing education requirements are here and mortgage originators have to live with it. There’s another that says the regulation and oversight are too much, and it’s time to leave the industry. And… Read more »
Vincent Lozano- Mortgage Loan Originator
When consulting with a loan officer for a preapproval on a new home purchase, a great question to ask the loan officer is “What are my current credit scores and are there any ways to improve my score?” It is important to do a complete review of the credit report with my clients from… Read more »
Mortgage Loan Originator
“Don’t be trapped into thinking that with little money for down payment, FHA financing is your only option. With 1.75% Upfront Mortgage Insurance Premium required, and monthly Mortgage Insurance Premium lasting for the duration of the loan, it pays to explore other options. Conventional financing allow a client to put as little as 5% down,… Read more »