Tougher Mortgage Lending Guidelines
Why have mortgage lenders tightened their guidelines so much? Can I still buy a home with zero or no money down? Will I be able to refinance with the tougher mortgage lending guidelines? I am not able
http://www.brokeroutpost.com/reference/199218.htm (Updated: 06/23/2008)
Related Reference Topics: [mortgage lending, underwriting, qualifying]

Credit FAQ
Credit FAQ When I checked my credit scores online I had higher scores, what happened? There are different scoring models, for instance: consumer, auto, mortgage. I heard pulling your own credit
http://www.brokeroutpost.com/reference/12514.htm (Updated: 10/08/2007)

Fico Score Models
A FICO score model is a number that rates a borrower's credit record. The score is based on a number of factors, including how well debts have been paid off, current levels of debt, types of credit, a
http://www.brokeroutpost.com/reference/38999.htm (Updated: 09/05/2007)

Foreclosure Refinance
Preventing a foreclosure is like fighting an illness: The earlier you start the greater your chance of success. If you are falling behind on you mortgage payments, your lender generally will cont
http://www.brokeroutpost.com/reference/96653.htm (Updated: 09/04/2007)
Related Reference Topics: [foreclosure, forbearance, late payments, save my h]

How Do I Stop Foreclosure
How do I stop foreclosure? This is becoming an increasingly common question these days as the number of foreclosures throughout the nation are hitting record numbers. In July of 2007, there were over
http://www.brokeroutpost.com/reference/158458.htm (Updated: 08/31/2007)
Related Reference Topics: [foreclosure, short sale, forbearance]

Closing Tomorrow - What to expect
If I am closing tomorrow on my home loan, what should I expect? Depending on whether it is a refinance or a purchase will determine exactly what you should expect. With a refinance loan you will have
http://www.brokeroutpost.com/reference/142020.htm (Updated: 07/20/2007)
Related Reference Topics: [closing, funding, mortgage]

Your Credit History
A borrower's record of various personal debt ie: credit cards, consumer debt, etc. and whether payments were made on time. Mortgage lenders will review the borrowers' credit history to help determine
http://www.brokeroutpost.com/reference/38998.htm (Updated: 06/22/2007)

What are "Junk Fees"?
Many consumer watchdogs would argue that “junk fees” are any loan costs paid directly to your mortgage broker or lender. Examples of this would be fees paid to your broker for “processing” your loan
http://www.brokeroutpost.com/reference/130406.htm (Updated: 06/07/2007)
Related Reference Topics: [junk fees, costs, loan charges, ]

Fixing Credit Report Errors
You have the right, under the Fair Credit Reporting Act, to dispute the completeness and accuracy of information in your credit file. When a credit reporting agency receives a dispute, it must reinves
http://www.brokeroutpost.com/reference/13071.htm (Updated: 05/17/2007)
Related Reference Topics: [credit, fico, low fico]

No Doc Loans
A No-Doc loan allows the borrower to apply for a loan and not have to state their income, employment, assets or even submit bank statements. This type of loan is often time appealing to Self-employed,
http://www.brokeroutpost.com/reference/14417.htm (Updated: 05/16/2007)

Types of closing costs
Certain areas of the country may have added closing costs, but these are the general types of closing costs you might see at closing: Attorney's or escrow fees Property taxes Pre-Paid Interes
http://www.brokeroutpost.com/reference/15734.htm (Updated: 05/16/2007)
Related Reference Topics: [closing costs]

No Cost Refi
Nowadays, it seems one cannot watch an entire news broadcast on TV without seeing a "No Cost Refinance" advertisements. What is "No Cost Refi" and is it better than mortgage home loans with tradition
http://www.brokeroutpost.com/reference/124693.htm (Updated: 05/15/2007)

Fair Credit Reporting Act
A consumer protection law that regulates the disclosure of consumer credit reports by consumer credit reporting agencies and establishes procedures for correcting mistaes on one's credit record.
http://www.brokeroutpost.com/reference/54417.htm (Updated: 05/13/2007)

Notice of Default
A Notice of Default, or NOD, is one the first steps in a non-judicial foreclosure. A Notice of Default is filed by your current lender at the local county recorder's office. Receiving such a notice
http://www.brokeroutpost.com/reference/97722.htm (Updated: 03/13/2007)
Related Reference Topics: [nod, default, foreclosure, non-judicial]

Down Payment with Gift Letter
If you are a first time home buyer who has been out shopping for that dream house, you’ve probably already heard your real estate agent or property developer’s first question: “How much will you be pu
http://www.brokeroutpost.com/reference/82040.htm (Updated: 12/30/2006)

Down payment from Savings
Once you’ve figured out how much of a down payment you can make on your home mortgage, it’s time to determine how to document the source of your funds for the down payment and closing costs. Now you
http://www.brokeroutpost.com/reference/82038.htm (Updated: 12/30/2006)

Disputing a Debt
Disputing a Debt requires that you write the collection agency within 30 days of receiving the first notice. You should inform them that you are disputing the debt in question and be sure to explain w
http://www.brokeroutpost.com/reference/16761.htm (Updated: 11/28/2006)

Credit improvement tip
Their are credit card companies like Capitol One, for example, that will only report the high "used" credit, not the high "limit"...Why is this bad and how can it hurt you...It's bad because it doesn'
http://www.brokeroutpost.com/reference/64200.htm (Updated: 11/28/2006)

Co-op vs. Condo
Co-op Type of Ownership - Own shares in a corporation that owns the building. Proprietary Lease establishes occupancy terms. There is no deed or recording of sale information. Condo Type of O
http://www.brokeroutpost.com/reference/27649.htm (Updated: 11/21/2006)
Related Reference Topics: [co-op, coop, condo, condominium]

Closing costs and settlement charges
Closing costs and settlement charges usually include an origination fee, discount points, appraisal fee, title search and insurance, survey, taxes, deed recording fee, credit report charge and other c
http://www.brokeroutpost.com/reference/65148.htm (Updated: 10/28/2006)

How do telemarketers get my name?
There are several ways people can get your name. One of the easiest ways is from public records. Public records can be retrieved with the help of a title company.
http://www.brokeroutpost.com/reference/54365.htm (Updated: 08/30/2006)
Related Reference Topics: [telemarketing, loans, mortgage companies]

Title search
An examination of public records to disclose the past and current facts regarding the ownership of a given piece of real estate.
http://www.brokeroutpost.com/reference/23657.htm (Updated: 08/16/2006)

recording fee
the recording fee is the fee that is paid at the courthouse to record the mortgage.
http://www.brokeroutpost.com/reference/12913.htm (Updated: 06/23/2006)

Property Taxes
Property Taxes This is the one closing cost that is often prorated between the buyer and seller. If the seller has already paid the annual property taxes, the buyer typically reimburses the seller fo
http://www.brokeroutpost.com/reference/23624.htm (Updated: 06/14/2006)

Second Mortgage
Second Mortgage is a home loan subordinate to the first mortgage in the order of lien placement. Mortgage loans are recorded in the local county records. The first loan recorded is referred as the f
http://www.brokeroutpost.com/reference/40802.htm (Updated: 06/13/2006)
Related Reference Topics: [second mortgage, heloan, heloc, home equity loan]

Commercial Loans
Commercial Financing is underwritten on a case by case basis. Every loan application is unique and evaluated on its own merits, but there are a few common criteria lenders look for in commercial loan
http://www.brokeroutpost.com/reference/13066.htm (Updated: 04/20/2006)
Related Reference Topics: [commercial, apartments, income producing]

Online Property Value Estimators
Online value estimation sites are a good way to get an "IDEA" of what your home may be worth if you were to sell your home. You need to keep in mind that these estimates are based off of tax records
http://www.brokeroutpost.com/reference/23612.htm (Updated: 04/06/2006)
Related Reference Topics: [appraisal, estimates]

Title Company
What is a title company and what do they do, is a common question asked by many first-time home buyers and existing homeowners. A title company is a third party company that completes a title search,
http://www.brokeroutpost.com/reference/25362.htm (Updated: 03/10/2006)
Related Reference Topics: [title, notary, record]

Collections
Q: Can I still get a home mortgage loan with open collections showing on my credit? A: Yes you can Q: How do I get these collections removed from my credit? A: Accurate negative items reported
http://www.brokeroutpost.com/reference/23817.htm (Updated: 02/23/2006)
Related Reference Topics: [open collections, collection accounts, questions]

How can I buy a home?
How can I buy a home is a very popular question that many people ask. There are many ways to buy a home. The reality of homeownership has increased among many Americans and grown at record highs over
http://www.brokeroutpost.com/reference/23823.htm (Updated: 02/22/2006)
Related Reference Topics: [home-buying, home loan, purchase]

Recording Fees
These are fees that are part of your closing costs. They are paid to the county for recording a home sale, thereby making it part of the public records.
http://www.brokeroutpost.com/reference/14764.htm (Updated: 02/19/2006)

Second Homes and Vacation Homes Investing
2005 was one of the hottest years on record for people buying second homes with over 21% of all purchases being second homes. Driving this trend is the availability of capital for baby boomers from ha
http://www.brokeroutpost.com/reference/19535.htm (Updated: 02/17/2006)

1003 Application
The first step in the official loan approval process; this form is used to record important information about the potential borrower necessary to the underwriting process.
http://www.brokeroutpost.com/reference/10972.htm (Updated: 02/13/2006)

Title & Escrow Fees
Title & Escrow Fees Include both the owner's and the lender's policy of title insurance as well as the escrow fee. Title insurance protects both the buyer and lender by insuring a clear chain of
http://www.brokeroutpost.com/reference/19783.htm (Updated: 02/03/2006)