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Buying One Home in Two States

Created: Tuesday, 16 March 2010

Occasionally, a home is built a little too far to the left or the right. Typically this means it is on the neighbors’ property, which causes friction that can be resolved through- money. However, sometimes a home is built on the boundary line of two tow...
You and Your FICO Score

Created: Thursday, 11 March 2010

The FICO (Fair Isaac and Company) score determines so many things now; if you can get credit, a job, insurance and maybe even married (kidding). With mortgages nowadays, it not only determines if you can get a loan, but how much you have to put down a...
Foreclosures and Pre-payment Penalties

Created: Friday, 05 March 2010

If your mortgage has a pre-payment penalty and you default, you are still responsible to pay the early payoff fees! There is a clause in every mortgage called an acceleration clause. This gives the lender the right to foreclosure on the mortgage. When a...
The FHA and Second Mortgages

Created: Wednesday, 03 March 2010

If you have an FHA mortgage or are using one to purchase a home, you are still allowed to obtain secondary financing. This second mortgage can be in the form of a line of credit (HELOC) or fixed rate mortgage. It can also be from any lender as long as i...