Mortgage Information Category
HELLO BIG BANK…CAN YOU HEAR ME??!!
HELLO BIG BANK, HOLDER OF MY MORTGAGE, CAN YOU HEAR ME!!!! Even with well-meaning government intervention, it is almost impossible to refinance the mortgage on your upside down home. Here are a few tips I gleaned from a NY Times article by Lisa Provost: First, she recommends writing the hardship letter yourself. Second, she says not to assume the bank has a heart-...
January 11th, 2013 by Fran Varcoe Categories: Connecticut Foreclosures, Mortgage Information, Seller Information
Key Steps for a Stress-Free Mortgage – Step 3
Be Sure to have a Mortgage Contingency Date with a Reasonable Time Frame When going to contract on a new home purchase, it is typical and customary to have a mortgage contingency clause included. The mortgage contingency clause protects the buyer by giving them time to get a mortgage approval in place, and if the mortgage is denied, the buyer is...
May 16th, 2012 by Greg Reichman Key Steps for a Stress-Free Mortgage: Step 2
If you are thinking about buying a home or have already started looking, I would recommend putting together a mortgage application file. It often happens that people start casually looking for their new home thinking it will take a while or they are not quite ready just yet. Suddenly, they find the perfect home and at a price within their...
Key Steps for a Stress-Free Mortgage: Step 1
Presumably you have heard the horror stories. Someone has a contract to purchase a new home. They apply for the mortgage and soon afterward the anxiety begins. Weeks go by with no feedback or communication from the lender, an approval is issued but with a large laundry list of conditions, some of which may seem unreasonable or hard to meet,...
The Mortgage Market in CT Looks Bright for 2012!
As 2012 approaches, the environment for mortgage rates and qualifying for a loan looks bright. We are finishing out the year with mortgage rates back down to the historic lows available earlier this fall. According to experts and those who track the markets, there is not a lot on the horizon to indicate an upward trend in rates for the...
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