Blog 08 Feb 2019 Steps to Take to Get Approved For a Mortgage A mortgage approval consists of various steps that lead up to the approval itself, as well as steps that follow after the approval is given by the lenders. One of the initial steps in a… nkad3
Blog 11 Jan 2019 Mortgage Broker vs. Direct Lender Many people wonder what a mortgage broker does compared to just going directly to the lender. In fact, there’s a misconception that a mortgage broker is someone you go to when the banks say no.… nkad3
Blog 28 Dec 2018 Notice of Sale – What You Need to Know Power of sale (also referred to as notice of sale) can be a scary experience. Power of sale is the actionable response from a mortgage bank/lender with regard to mortgage arrears, non-payment or habitual late/missed… nkad3
Blog 14 Dec 2018 Low Mortgage Interest Rates – How Do I Qualify? Mortgage interest rates are one of the most popular questions surrounding mortgages. Whenever anyone is looking to seek financing for a purchase, refinancing or equity take out, they are always interested to know what the… nkad3
Blog 30 Nov 2018 How Is Mortgage Pre-Approval Determined When it comes to mortgage pre-approvals, the lender’s approach to under writing the application is always different than if you were to formally apply for a mortgage approval. Firstly, it is important to note that… nkad3
Blog 22 Nov 2018 Difference Between Private Mortgage Lenders and Banks When it comes to mortgage needs, its true, most home owners visit their local bank. It seems convenient to do so since most of your financial holdings and accounts are typically with a specific bank.… nkad3
Blog 20 Nov 2018 Is An Interest Only Mortgage Right For You? An interest only mortgage is right for you if it needs to be right for you. Yes, I agree that this sounds very wishy washy, but let me explain further. An interest only mortgage is… nkad3
Blog 16 Nov 2018 How to Improve Chances of Getting a Mortgage With Bad Credit There are several things you need to know before applying for bad credit mortgages. On the purchasing side, the biggest thing is that you have at least a 20% down payment available for the purchase… nkad3
Blog 15 Nov 2018 How Can I Prepay a Mortgage? What is Mortgage Pre-payment? Though not offered by all banks/lenders, it can really come in handy to utilize the option to prepay a mortgage (if/when the option in available). However, to avoid confusion, this blog will focus on two… nkad3
Blog 13 Nov 2018 Is the Housing Market Going to Crash? Is it Going to Stabilize? In our profession, we tend to get this question a lot. The housing market is a very tricky machine and it is very hard to predict the path it will take in the future. In… nkad3
Blog 08 Nov 2018 Do You Qualify for a 5% Down Payment? This is right up there as one of the most commonly asked questions. Do I qualify for a 5% down payment? A 5% down payment is actually the absolute minimum that any buyer is required… nkad3
Blog 06 Nov 2018 How do I Get Out of a Second Mortgage? When most people consider getting a second mortgage, they are usually motivated by a specific need. For example, they may need some money to consolidate their other debts, or they might need some funds to… nkad3
