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Pre-approval vs. Pre-qualification
What could be more comforting than the peace of mind that goes with knowing
your mortgage is fully approved? click
here for the full article
Different Types of Lenders 
If you ask a loan officer,
"What kind of lender is best?" it is going to be whatever kind of
company he works for and he will give you a list of reasons why. If you
meet the same loan officer years later, and he works for a different kind of
lender, he will give you a list of reasons why that type of lender is better.
This article discusses the advantages and disadvantage of different
types of institutions, not the individual loan officers. click
here for the full article
Loan Programs
Of the many different types of conventional loan
programs available, the two largest categories are fixed and adjustable rate
mortgages, each with advantages to consider. click
here for the full article
FHA Programs
FHA's mortgage insurance programs help low- and moderate-income families
become homeowners by lowering some of the costs of their mortgage loans. click
here for the full article
VA Programs
Veterans who served on active duty and were discharged under conditions other
than dishonorable, during World War II and later periods are eligible for VA
loan benefits. click
here for the full article
Down Payment
When preparing to buy a home, the first thing many homebuyers do is look at
"homes for sale" ads in newspapers, magazines and listings on the
internet. Some potential buyers read "how-to" articles like this one.
The next thing you should do – before you call on an ad, before you talk to a
Realtor, before you shop for interest rates – is look at your savings. click
here for the full article
Types of Down Payment
Documenting Your Assets - Verifying Your Down Payment
When buying a home, it is not enough to just "come up" with the
money. With the exception of "no asset verification" loans, lenders
want to verify where the money comes from. If you can document the funds comes
from your personal savings, the lender is more confident of your strength as a
borrower. click
here for the full article
Credit Rating
Many home buyers are very worried about how their credit report will affect
their ability to buy a home. We even heard one story that an applicant was
denied a mortgage because he had returned a rented videotape late! click
here for the full article
FICO Scores and Your Mortgage
Four years ago, credit scoring had little to do
with mortgage lending . When reviewing the credit worthiness of a borrower, an
underwriter would make a subjective decision based on past payment history.
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