Currently viewing the tag: "home loan approval"

Planning Your Home Loan Approval

On November 10, 2010 By

While mortgage rates are at their lowest levels in recorded history, qualification requirements are at their highest levels in recent history.

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How Long Are Pre-Approvals Good For?

On April 9, 2010 By

There is a major problem brewing in the real estate market and it’s going to cause problems at the end of the first time home buyer on April 30th.

Here’s the problem:  Pre-approvals are an indication of terms at a precise moment in [...]

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First Time Home Buyers: Get re-pre-approved

On April 9, 2010 By

If your pre-qualification and/or pre-approval letter is more than 8 weeks old, it would be prudent to have your lender “re-pre-approve” you. Mortgage guidelines have been in flux and your original lender letter may now be invalid.

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How difficult are home loan approvals?

On February 9, 2010 By

Bankers are a really negative group right now, but it is important to keep things in context.

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7 Ways To Protect Your Credit Score For Better Mortgage Rates

On February 5, 2010 By

Credit scores not only make the difference between a mortgage approval and mortgage turn-down, but they also play a large role in determining your actual mortgage note rate. In the 3-minute piece, the NBC Today Show talks about 7 ways that homebuyers ruin their credit — often by accident.

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2010 FHA Guidelines Make Borrowing Tougher And More Expensive

On January 21, 2010 By

Changes

Securing an FHA mortgage is about to get both more expensive and more difficult.

The policy statement hit yesterday and the Federal Housing Authority outlined policy changes to its mortgage assistance [...]

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Home Loan Approvals Not Getting Easier

On December 16, 2009 By

Home loan approvals aren’t getting much easier.

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Simple Real Estate Definitions : APR

On November 17, 2009 By

is an acronym for Annual Percentage Rate. It’s a government-mandated calculation meant to simplify the comparison of mortgage options.

A loan’s APR can always be found in the top-left corner of the Federal Truth-In-Lending Disclosure.

Because APR is expressed as a percentage, many people confuse it [...]

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Home Loan Approvals Still Tightening

On November 12, 2009 By

Despite the recent economic improvement and continued prodding from Congress, banks aren’t making loan approvals any easier yet.

Nationally, mortgage approval standards are tightening.

The data comes from a quarterly survey the sends [...]

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Chicago Mortgage Loan Rates – August 28, 2009

On August 28, 2009 By

Chicago Summary

Since yesterday, rates are roughly the same.  We’re starting to see a few things collide:  low volume summer trading, tough resistance overhead, strong support below.  In other words, something’s gotta give. Expect volatility when this breaks.

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