The Workings of a Rehab Loan: What’s a Rehab Loan? from First Mortgage Company
Watch Here: https://www.youtube.com/watch?v=xRLIOIPdsRE
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First Mortgage Tips for a Smooth Application Process
Whether your apply Online or in person with your loan officer, the typical mortgage application goes something like this: Make an appointment with your loan officer to apply for a mortgage. It is important to meet with your Loan Officer, in person or on the phone, even if you intend to apply online. During the…
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School Supply Drive
Requested School Supplies: Pencils Pens – black or blue Glue sticks Elmer’s glue Erasers Crayola crayons Crayola colored pencils Highlighters Binders Rulers Spiral notebooks, wide rule or regular Composition notebooks Loose-leaf notebook paper 2-pocket folders Children’s scissors Regular markers Dry erase markers Small post-it notes Children’s backpacks
DetailsKey Things to Know About Homeowners Insurance
Key Things to Know About Homeowners Insurance Purpose Homeowners insurance protects your home and personal property if disaster strikes, and protects you against liability for accident in and around the home that injure others or damage their property. Policies can also cover living expense and medical payments. Coverage Your mortgage lender will tell you the…
DetailsImportant facts about Mortgage Insurance—MI, PMI, and MIP
Mortgage insurance (MI) pays the lender if you default on your mortgage. Also called private mortgage insurance (PMI), it is generally required by the lender if your down payment is less than 20% for conventional financing. You the borrower pay the premiums, which are typically included in your monthly mortgage payment unless you finance them…
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5 Property Tax Questions You Need to Ask
1. What is the assessed value of the property? Note that assessed value is generally less than market value. You will receive a “Tax Certification” based on the list price of the property. 2. How often are properties reassessed, and when was the last reassessment done? In general, taxes jump most significantly when a property…
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Closing Documents You Should Keep
On closing day, expect to sign a lot of documents and walk away with a big stack of papers. Here’s a list of the most important documents you should file away for future reference: Closing Disclosure settlement statement Itemizes all the costs — commissions, loan fees, points, and hazard insurance – associated with the closing.…
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