29 Nov

MORTGAGE PAYMENT OPTIONS… WHICH IS THE BEST OPTION FOR YOUR SITUATION?

General

Posted by: Shelley Rosner

Once your mortgage has been funded by your lender, you need to decide on how frequently you want to make your mortgage payments. Most people want to pay off their mortgage as quick as possible to save paying interest. We’ll discuss various mortgage payment options and then do the math by crunching mortgage numbers, keeping […]

Read More
29 Nov

MORTGAGES AND PAPERWORK

General

Posted by: Shelley Rosner

Paperwork-it’s a fact of life. You need it and we as mortgage professionals also need it. Below is a list of must have documentation BEFORE you start going through the mortgage approval process. Personal Information This will be the basic information we require to start your mortgage process. It will include your age, marital status, […]

Read More
29 Nov

BUT THEY SAID IT WAS PORTABLE…

General

Posted by: Shelley Rosner

The question most often asked: ‘Is my mortgage portable?’ The answer most often given: ‘Yes.’ This answer is increasingly wrong. In reality you qualify to move ~80% of the balance… maybe. If you are thinking of: Moving (upsizing or downsizing) Locking a variable-rate mortgage into a fixed-rate product … you would be well served to […]

Read More
29 Nov

MORTGAGE PRE-APPROVAL IS NOT WHAT YOU EXPECT

General

Posted by: Shelley Rosner

Although going through the pre-approval process is more important than ever, the actual term ‘pre-approval’ is often misleading. It really addresses just a few variables that may arise once in the middle of an actual offer. The pressure in many markets has never been greater to write a condition-free offer, yet due to recent changes […]

Read More