by admin | Oct 1, 2023 | Buyers, Loan Closing Facts
Question: We are buyers, applying for a mortgage. Our lender yelled at us for getting a department store credit card, during the process. I just wanted to save 20% with my back to school clothes purchase. Did I mess up our mortgage application? Answer: While applying...
by admin | Jun 27, 2022 | Buyers
Question: I am currently selling my lifelong home and downsizing to a condo. I will make enough from my sale to pay for the condo outright. Some people have told me “It’s freeing to live without a mortgage.” While others say, “It is financially beneficial to...
by admin | Jun 27, 2022 | Buyers
Question: I made an offer to buy a house, about two days ago. We have yet to hear back from the sellers. We have been looking around at other homes and fell in love with another house. What if the seller of the original house accepts our offer? Will we be stuck buying...
by admin | Dec 8, 2021 | Buyers
Question: My mortgage loan application was denied, because the mortgage broker claims my loan to value ratio is too high. He always confuses me with technical lingo and jargon. I never really trusted him. If I want a second opinion, do I have to start over again with...
by admin | Mar 5, 2020 | Buyers
Question: My good news: My offer to buy a house was just accepted. My bad news: An estate owns the home. They told me my offer can be overridden, if a higher offer comes along. Is this true? Answer: Estate sales are different from standard sales. Jittery estate...
by admin | Dec 11, 2019 | Buyers
Question: I am buying a house from an owner who is going through a divorce. According to the current deed, he is the only title holder, but the couple was married when he bought the house. Will the divorce mess up my purchase? Answer: Your seller’s divorce is an issue...
