Posted on February 13, 2019 - 01:29 PM
by Cathy Ann Burrer
What kind of lender is best? If you ask a loan officer, “What kind of lender is best?” the answer will be whatever kind of company he works for and he will give you a list of reasons why. If you meet the same loan officer years later, and he ...
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Posted on January 9, 2019 - 01:29 PM
by Cathy Ann Burrer
What is a FICO® Score? FICO® stands for Fair Isaac & Company and is the name for the most well known credit scoring system, used by Experian. The credit bureau’s computer evaluates a complete credit profile and assigns a score, which is...
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Posted on December 5, 2018 - 01:29 PM
by Cathy Ann Burrer
Mortgage Bankers Mortgage Bankers are lenders that are large enough to originate loans and create pools of loans, which are then sold directly to Fannie Mae, Freddie Mac, Ginnie Mae, jumbo loan investors, and others. Any company that does this is conside...
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Posted on November 7, 2018 - 01:29 PM
by Cathy Ann Burrer
Your First Step Toward Buying a Home When preparing to buy a home, the first thing many homebuyers do is look at the real estate ads in newspapers, magazines and listings on the Internet. Some potential buyers read how-to articles like this one. The next...
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Posted on November 7, 2018 - 01:29 PM
by Cathy Ann Burrer
Have These Items Ready When You Apply For a Loan It used to be that lenders mailed out verifications to employers, banks, mortgage companies, and so on, in order to verify the data supplied by borrowers. Nowadays, the interest is often in speed and getti...
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Posted on November 7, 2018 - 01:29 PM
by Cathy Ann Burrer
Years ago, credit scoring had little to do with mortgage lending. When reviewing the credit worthiness of a borrower, an underwriter would make a subjective decision based on past payment history. Then things changed. Lenders studied the relationship be...
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Posted on November 7, 2018 - 01:29 PM
by Cathy Ann Burrer
When you apply for a mortgage loan, you expect your lender to pull a credit report and look at whether you’ve made your payments on time. What you may not expect is that they seem to be more interested in your FICO® score. “What’s a...
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Posted on November 7, 2018 - 01:29 PM
by Cathy Ann Burrer
When buying a home, it is not enough to just come up with the money. With the exception of no asset verification loans, lenders want to verify where the money for your new home will be coming from. If you can document that the funds are coming from your p...
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Posted on November 7, 2018 - 01:29 PM
by Cathy Ann Burrer
This is a detailed summary of costs you may have to pay when you buy or refinance your home. They are listed in the order that they should appear on a Good Faith Estimate you obtain from a mortgage lender. There are two broad categories of closing costs. ...
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Posted on November 7, 2018 - 01:29 PM
by Cathy Ann Burrer
An adjustable rate mortgage (ARM) has an interest rate that fluctuates periodically. This is in contrast to a fixed rate mortgage, which always has the same interest rate. Every ARM has basic components: An index A margin Adjustment Period An inter...
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Cathy Ann Burrer COLDWELL BANKER,
D'ANN HARPER,REALTORS®
902 Coronado Blvd.
Universal City, TX 78148
Office: 210-483-6213 Contact Me
Your Universal City Real Estate Pro
My motto: We make a living by what we get, but we make a life by what we give.
Testimonials
Thanks for all your help in making our "dream home" a reality. We really appreciated that you went the extra mile to get us the best price for our home. You are truly a professional.John and Rhonda Robinson
210-483-6213
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