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Self-Employed income Verification for 2010 Mortgages

Created: Monday, 30 November 2009

As always, self employed mortgage applicants have to provide proof of their employment in order to obtain a mortgage. This is done by a letter from the person’s CPA, a copy of a license or certificate of incorporation. Additional information may be nee...
FNMA Writes New Rules for Mortgages as of December 13th

Created: Tuesday, 24 November 2009

They say that: He who has the gold, writes the golden rules! This is true. FannieMae (FNMA) is the largest purchaser and servicer of mortgages in the U.S. and presents the guidelines of which loan types and the requirements of same for which they will buy...
How to Avoid the Real Estate Closing from Hell

Created: Tuesday, 24 November 2009

Getting a mortgage has drastically changed over the last two years for the borrower. Not only is qualifying for a loan much harder, but getting through the process has become arduous and time consuming. Just when you thought it was over, you have to go to...
Where to Get the Best Mortgage

Created: Monday, 23 November 2009

Dear Dale, We are beginning to look for a home and know we need to shop for a mortgage and get a prequalification. We are first-time home buyers, have steady stable jobs, decent credit scores and enough money to put down 10%. We are not sure where to go ...
How to Be Best Prepared to Apply for a Mortgage

Created: Wednesday, 18 November 2009

Ten questions for mortgage loan processor, Anne Hiltunen Getting a mortgage today is so much harder than two years ago. A potential homeowner or borrower has to jump through so many more hoops, sign and prepare many more documents and pay higher fees jus...
Are Bad Home Appraisals Killing the Real Estate Market?

Created: Saturday, 14 November 2009

The new rules for ordering home appraisals [for mortgage purposes] was established quite a few months ago. The rules were included in the Home Valuation Code of Conduct (HVCC). There are some major factors included in this guideline created to establish...
Keeping Up With Dale Robyn Siegel: The New Rules for Mortgages

Created: Tuesday, 10 November 2009

This is what the producers are saying: "The Virtual Book Tour has been fast and furious these past few weeks! There seems to be a huge amount of interest in the subject matter of mortgages. You can just imagine why! The latest real estate mortgage book t...