Sentences with phrase «what mortgage officers»

So here's what mortgage officers scrutinize and the best way to respond.

Not exact matches

You should strive to compare mortgage rates by getting multiple quotes so you can get an idea of what the market rate is and also the type of service you can expect from the loan officer in question.

Your loan officer can answer any questions you have about the different closing costs associated with PennyMac's mortgage products and what options you may have for minimizing your up - front costs.

Any initial conversation with a broker or loan officer should include specifics about what you want in a mortgage — as well as what you're bringing to the table in terms of down payment, debt - to - income ratio and credit score.

If you're shopping for a mortgage, work with your loan officer to discuss what is right for you.

Also find out from each loan officer what fees are government - regulated and what fees the lender prices — then haggle on the latter, says Sylvia Gutierrez, a loan officer in South Florida and author of «Mortgage Matters: Demystifying the Loan Approval Maze.»

Any initial conversation with a broker or loan officer should include specifics about what you want in a mortgage — as well as what you're bringing to the table in terms of down payment, debt - to - income ratio and credit score.

Just make sure you disclose that your mortgage has LPMI at the time of application so your loan officer knows what to do.

No matter what your circumstances are, a Jersey Mortgage Company home loan officer will work side by side with you to get the deal done — and get it done the right way.

But what exactly is a mortgage broker and what does one do that's different from, say, a loan officer at a bank?

You should strive to compare mortgage rates by getting multiple quotes so you can get an idea of what the market rate is and also the type of service you can expect from the loan officer in question.

At Mortgages Unlimited, it's all about helping homeowners find a mortgage they can be confident in, and what better mortgage to offer than the one our own Loan Officers, including myself have.

Before you can explore your loan options, you need to assess what shape your credit is really in, says Todd Sheinin, a mortgage lender and chief operating officer at New America Financial in Gaithersburg, MD..

If the home you find needs a little tender - loving care, or some updates, like a new roof, contact your Mortgages Unlimited Loan Officer to discuss the property condition, and what items may need repair.

To help borrowers avoid PMI, some lenders build PMI into a loan with a higher interest rate in what's called lender paid mortgage insurance, says Bob Melone, a loan officer at Radius Financial Group Inc. in Norwell, Mass..

A good loan officer can tell you what you could expect to save (or not save) by refinancing to a new mortgage and how long it will take to recoup the costs.

Our mortgage calculators provide loan officers a fast and efficient way to better understand what borrowers can afford or which loan are best for their needs.

Locate a Mortgage Loan Officer near you, use mortgage calculators, find out what to expect, or start an applicationMortgage Loan Officer near you, use mortgage calculators, find out what to expect, or start an applicationmortgage calculators, find out what to expect, or start an application online.

For example, Doug Crouse, a senior loan officer with nearly 20 years of experience in the mortgage industry, says PMI can be especially costly: «When it comes to second homes, PMI rates are about 50 % higher than what they would be for a primary residence.»

The shortage of Spanish - speaking loan officers is what first drew me to the mortgage profession 10 years ago.

One of the Mortgage Loan Officer national testing questions asked what intent to occupy meant and the correct answer, for testing purposes, was that the buyer would have to move in within 60 days.

Wendy Dawson, a mortgage loan officer at Coastal Federal Credit Union, explains what you need to know before you buy your house.

However, I strongly recommend you talk to a financial adviser and your bank mortgage loan officer to work out the numbers - you will be surprised what you can afford when you factor in your income tax and mortgage interest write - offs.

It's never too early to start talking to a mortgage loan officer about what you need to be approved for a mortgage.

What's more, having associates double as loan officers can be more difficult if you're not in a state like California, where real estate and mortgage professionals hold the same license and are regulated by the same agency.

Reassure buyers that you have a limited role in determining what they can afford — loan officers and mortgage brokers will get into the detailed information about their credit score, debt - to - income ratio, and financial history.

How does it feel for them when they don't understand what RESPA is, what APR is, etc. and when their brokerage, agent, mortgage company, loan officer, etc. can't immediately walk them through this with streamlined transparency?

Tip: Shop around for a mortgage first and ask the attending loan officers to pre-qualify you and tell you what your home purchase budget is before you start looking at homes you can not afford.

Shop around for a mortgage first and ask the attending loan officers to pre-qualify you and tell you what your home purchase budget is before you start looking at homes you can not afford.

Our mortgage calculators provide loan officers a fast and efficient way to better understand what borrowers can afford or which loan are best for their needs.

Your loan officer might ask you to write a «letter of explanation» that addresses a specific question or problem, like why you had a late mortgage payment or what led to your recent short sale.

Ryan and Louis discuss the direction of interest rates and inflation, the reluctance of the Fed to recognize the inflation threat, the impact of foreign countries raising their interest rates to combat inflation; the Fed's Vice Chairman Janis Yellen's view that inflation and the rise of commodities won't impact the «recovery», blaming rising global demand and disruptions of supply, not the easy money policy of the Fed; encouraging consumer confidence so they borrow more money to buy things they don't need to stimulate the economy, loan officer compensation, banks» use of Fed loans and banks» preference of trading operations over mortgage lending; credit squeeze; increased lending standards; the advantage of getting a low interest loan now before interest rates and inflation rates rise; the problems with Fannie Mae and Freddie Mac; the Democrats, Republicans and President avoid a government shutdown and what might have happened if it did; the $ 10 ′ s of billions of dollars saved in light of a $ 1.3 trillion defecit; the disconnect between buyers and sellers article in the Chicago Tribune; the HomeGain first quarter 2011 home values survey; the value of a quality Realtor in buying and selling a home; the HomeGain FSBO vs. REALTOR survey

What are the traits and skills of successful reverse mortgage loan officers?

One of the challenges of being a loan officer is making sure a client fully understands how the reverse mortgages works and what the different disclosures discussed at application and closing mean.

Our experienced Loan Officers and staff will meet with you to find out what your needs are and match you with the best Illinois mortgage.

To find out what those missteps are, we talked to two lending experts: Casey Fleming, a mortgage advisor with C2 Financial Corp. in San Jose, California, and Heather McRae, a senior loan officer with Chicago...