This is probably the most important and most simple process when you start thinking about buying a home. It is typically something people think about last, or at least definitely not first. It takes literally 5 minutes or less of a conversation with any home lender to take some general information to be able to tell you if you can be approved for a home loan. Not only that, they will be able to … [Read more...]
Huntsville Alabama Mortgage Market in Review
January 4, 2012 By Leave a Comment
volume 19, Issue 1 Week of January 2, 2012 Brought to you by: Brent W. Daniel MLO NMLS # 594944 256.468.5867 - direct brent.daniel@bxs.com www.bancorpsouthmortgage.com/brentdaniel Market comment Mortgage bond prices were higher last week which pushed mortgage interest rates lower. We started the week with some unfriendly data as the consumer confidence report was higher than … [Read more...]
6 Important Questions a Home Buyer Needs to Ask
October 25, 2011 By Leave a Comment
Let’s figure out if buying a house is right for you by reviewing some basic items. #1 How much money you make is first on the list. Income should be consistent and dependable. A steady income refers to your income’s consistency. The more consistent your income the better. The reliability of your income mostly refers to its predictability. What is the likelihood of your income continuing … [Read more...]
Mortgage Tip of the Day
October 18, 2011 By Leave a Comment
Multiple FHA loans A principal residence is a property that will be occupied by the borrower for the majority of the calendar year. FHA Requirement for Establishing Owner Occupancy At least one borrower must occupy the property and sign the security instrument and the mortgage note in order for the property to be considered owner-occupied. FHA security instruments require a … [Read more...]
