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What does getting “Prequalified” mean?

There is nothing worse than loosing out on a home because you could not provide a strong pre-approval letter. Listing agents are starting to demand not only strong pre-approval letters that specifically mention what steps the lender has taken, but proof of funds and even Fannie Mae approval printouts!

By |2010-05-27T12:33:49-08:00May 27th, 2010|Loan Talk|0 Comments

Why are loan disclosures so confusing?

(This post was written for another blog and posted well before the new Reg Z changes that took place 1/1/2010. The new 'disclosures' are even more fun!) I'm often asked "why are all of these real estate loan disclosures so confusing?"Ā  The answer is pretty simple - even if it's not what most people want [...]

By |2010-01-06T16:29:04-08:00January 6th, 2010|Loan Talk|0 Comments
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