Reverse Mortgages and Short Sales
Reverse mortgages are a good solution for many 62 plus homeowners and offer a way for them to remain in their homes. There are some issues with Reverse Mortgages and one of them is the...
View ArticleFICO Changes Announced (Credit Scores)
Your FICO score is what the Banks use to determine your credit worthiness for loans such as a mortgage. Fair Isaac Corporation (FICO) announced it will give less weight to unpaid debt as long as the...
View ArticleWhat’s An AVM, a BPO, an Appraisal?
There are different way to arrive at the value of properties and different reasons to put a value on a property. Banks will request a BPO on a home that will be foreclosures on, Mortgage brokers will...
View ArticleUnderstanding the Appraisal Process
There are several reasons to obtain a residential appraisal. If you are buying a property and obtaining financing the bank will require it, if you are refinancing your home the bank will require it,...
View ArticleSingle Payment Mortgage Insurance
Mortgage insurace is something that I would recommend that buyer’s obtain. There is protection for the lender and there is protection for the buyer….if someone comes along and makes a claim against...
View ArticleBig Changes Coming August 1, 2015 to the Closing Process
The way that real estate transactions have occurred for years will undergo a complete overhaul effective August 1st of this year. The forms that were used will change and also will the process, no...
View ArticleConsumer Information About Homeowners Insurance
The Louisiana Department of Insurance has prepared this brochure that explains about the different types of Homeowners, Hazard, Flood insurance. What to do if you have a question about insurance, a...
View ArticleWhat to Expect During An Appraisal
Generally during an appraisal the listing real estate broker/agent will meet with the appraiser. Your agent can provide comparable sales or information to the appraiser that the appraiser must...
View ArticleA Mortgage Toolkit | Learn About Mortgages
How can this toolkit help you? Buying a home is exciting and, let’s face it, complicated. This booklet is a toolkit that can help you make better choices along your path to owning a home. This...
View ArticleNew Loan Maximums January 1, 2018
What this means to home buyers is that you can buy a house, if you qualify for the amount, up to $453,100 without having to qualify and pay for a jumbo loan…this is in the New Orleans metropolitan area...
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