TIME FOR PRE-APPROVAL – FTHB BONUS!

f85431750e9dc84c468d8a1039b56910

Its a FTHB Bonus! Who doesn’t love a bonus? After finishing the “5 C’s of Mortgage” we realized that it was the perfect segue into a blog about getting a pre-approval. By the way if you missed the wonderful 5 C’s post you can find it by clicking right here —> Click Here Now that we have […]

FINDING YOUR REALTOR- FTHB SERIES

PD

We are moving right along with the FTHB series! Last week we talked about getting Pre-Approved. If you missed it, check it out right here. But now that you have your Pre-Approval it is time to find your realtor! For the sake of this post, it is important to note that we are going to include those selling […]

THE MORTGAGE TIMELINE – THE FTHB SERIES

Approved-Stamp-300x198

Welcome back to the first time homebuyer series! We took some time off to launch or new website and blog! With the launch our website will strictly be used as a tool for establishing connection between our clients and us. The blog is a separate entity and will allow us to focus on putting out […]

YOUR MORTGAGE OPTIONS – FTHB SERIES

VA-Loan-300x212

Continuing down the “First Time Home Buyer” series checklist it is now time to apply for a mortgage. If you missed our last topic detailing the mortgage timeline you can find it right right here. What many people do not know is that there are several mortgage options and every new homebuyer’s situation determines what option […]

EVERYTHING YOU NEED TO KNOW ABOUT CONVENTIONAL LOANS – FTHB SERIES

Screen-Shot-2016-08-02-at-12.34.14-PM-300x130

Now that we have identified all of the different mortgage options and their general differences, we will start breaking down each option in more detail. In this post we will be covering “Everything you need to know about Conventional Loans”.  If you missed our last post, Click Here to check it out. Mortgages can fall in one of […]

DIVORCE LENDING SERIES – PART FIVE – TITLE VESTING

Title-Certificate-iStock_000001006588XSmall

Title vesting is the manner in which ownership, aka title, is held on a property. Various states have various ways of holding title. For this posts purpose, we are going to concentrate on the State of Michigan. Here are the most common forms of title vesting in Michigan. Tenancy By The Entirety  – Only a married […]

DIVORCE LENDING SERIES – PART FOUR – MORTGAGE GUIDELINES THAT MATTER IN DIVORCE

2015-07-14-1436888220-3351696-marriagedivorcesign-800x527

For a Certified Divorce Lender, one of the most important, if not the most important goal, is ensuring our clients housing goals are met, post-decree. In order to do so, a Certified Divorce Lender must be educated in the mortgage guidelines impacted by divorce. There are several impacted, but the three most common are: Contingent Liability A jointly obligated debt in which the court […]

DIVORCE LENDING SERIES – PART ONE – TIMING OF FILING THE DIVORCE PETITION

2015-07-14-1436888220-3351696-marriagedivorcesign-800x527

The timing of filing a divorce petition with the court has a direct impact on mortgage financing. When a divorce petition is filed, most mortgage lenders will require either a temporary settlement agreement or final divorce settlement agreement, also known as the final decree of divorce, in order to complete and close a new mortgage application […]

MAINTAINING CREDIT DURING DIVORCE

credit-score-800x533

Maintaining your credit during divorce can sometimes be a challenge. However, understanding what impacts your credit score ahead of time can be very beneficial. Here are a few suggestions to help maintain your credit during the divorce. Communication between both parties can help avoid any miscommunication as to who is paying what bill Ask each […]