The Basics of a Construction Mortgage

A construction mortgage is a loan taken out for building a home. It involves more paperwork than a purchase mortgage does. Here are some aspects of a construction mortgage. Fundamental Features The lender advances the funds in different stages of the construction. Usually, the lender makes available the funds...

Read More[+]

The Benefits of a Superior Mortgage Sourcing Software

A mortgage broker has to decide on an appropriate loan package for a client based on the individual needs and qualifications of the applicant. A good quality mortgage sourcing software makes use of advanced technology to facilitate this process. Here are some aspects of the program that help a...

Read More[+]

Benefits of Online Mortgage Calculators

A mortgage calculator is a software tool that makes possible computation of mortgage payments in a convenient manner. The Internet and software technology have made available the application to all borrowers. An individual may use the application to figure out the payments for a mortgage product without having to...

Read More[+]

Features of Credit Score Estimators

Your credit score is a key factor in determining the terms of your mortgage and how much you can borrow. A decent score can avail of a home loan at low interest rates. You may use a credit score estimator to obtain a reasonably good guess about your credit...

Read More[+]

Looking at tips to select a proficient software program for collecting mortgage payments

Mortgage collection systems are crucial for lenders to take in the mortgage repayments of the borrowers of their loan packages. A good collection program minimises bad debts. Preparing for the collection system is vital for the success of the software. Here are some guidelines for choosing a mortgage collection...

Read More[+]

The Benefits of Using Mortgage Broker Software

Brokers in the mortgage industry employ several software programs for ironing out the complex issues in mortgage application processing. The programs allow a great deal of flexibility to the loan officers and help in saving time. Here are some benefits of using the programs. Enhances Output Brokers may purchase...

Read More[+]

Differentiating a Good Loan Origination Software From An Inferior Variety

Loan origination software processes all the steps of decision making right up to the closing process of a mortgage. A lending institution using advanced loan origination software may reap several benefits, which a faulty program may not provide. Here are some pointers, which may help distinguish between good and...

Read More[+]

About the FHA

The Federal Housing Administration Generally known as FHA; the FHA provides mortgage insurance on the loans that are made by FHA approved lenders in the United States and its Territories. FHA is the largest insurer of mortgages in the world and has insured over 34 million properties since 1934....

Read More[+]

Good Neighbor Next Door

With the Good Neighbor Next Door (GNND) program, HUD offers for sale at 50% discount from the listing prices certain properties in HUD designated revitalization areas to teachers. The teacher must be employed full-time by a public school, private school, or federal, state, county, or municipal educational agency as...

Read More[+]
Deciding on an Escrow Account after a Refinance

The monthly mortgage dues of a borrower consist of homeowner’s insurance, private mortgage insurance and property taxes apart from the mortgage principal and interest payments. Lenders require that you pay the insurance amounts and the property taxes in an escrow account held by a third party called escrow services....

visit the full blog »
HUD Guidelines for Manufactured Homes

A set of directives prepared by the Department of Housing and Urban Development (HUD) may have served to enhance the quality of manufactured homes. Homebuyers are quite willing to apply for mortgages for this highly affordable quality of housing. Here are the key guiding principles put forward by the...

visit the full blog »