The Federal Trade Commission (FTC) and the National Association of REALTORS® have announced concerns over closing cost scams.
Here's how the scam works: Hackers break into a consumer's or real estate professional's email account to search for upcoming real estate transactions and closing dates ...
Private Mortgage Insurance or PMI is insurance to protect the lender in the event that a homeowner defaults and the lender is forced to foreclose. PMI comes in three flavors and, depending on loan type, can be paid upfront, monthly and/or financed into the home buyer's interest rate ...
View MoreMake sure you are working with an experienced, professional loan officer. One of the largest financial transactions of your life is far too important to place into the hands of someone who is not capable of advising you properly, and troubleshooting the issues that may arise along the way ...
10. Increase balances on existing credit cards or apply for new credit. (no credit checks should occur during the entire loan process!)
9. Purchase a car or shop for a car.
8. Open a new bank account or make large deposits. (the source for all deposits over $500 showing on ...
