From time to time, we get great content from our friends over at Advantage Credit. In December, they wrote about Short Sale and Foreclosures and how each affects your credit report. Short Sale Vs. Foreclosure: How Does Each Affect My Credit? Advantage is back with an update on the latest changes from the IRS regarding [...]
Read More credit scores, IRS, OIC, tax lienQuestion: Short Sale Vs. Foreclosure: How Does Each Affect My Credit? A short sale in real estate occurs when the outstanding obligations (loans) against a property are greater than what the property can be sold for. In this time of option-arms coming due we will see more and more borrowers trying to negotiate short sales as opposed to [...]
Read More credit scoring, Foreclosure, short saleAs it relates to our mortgage practice, I’ve been thinking about privacy and data security a lot lately. Mortgage Origination IS moving online. This means thousands of individuals like me are discovering that it is both efficient and economical to operate a mortgage practice on the web. One of the many benefits of operating in [...]
Read More identity theft, privacy, securityQuestion: Can I get a mortgage for less than 30 years? Is that a good deal? – Avi, Westminster, CO The quick answer is yes & maybe. Mortgages are available in a variety of loan terms. The two most common are 30 year fixed and 15 year fixed. However, 25 year and 20 year options [...]
Read More refinanceThroughout the year we get lots of mortgage-related questions from our customers and readers of this blog. We thought it would be fun to start answering some of the questions on a regular basis as a featured post. If you have a question, send it to us through the contact us page. “I’m confused about [...]
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