Four Steps To Getting a Loan: From Pre-Qualification to Final Loan Approval

October 25, 2010||Mortgages/Economy/Market


If you’re serious about beginning a home search, you have to be ready to commit to the process of finding the right financing. Lending criteria can change on a daily basis, so as you go into the process, you, your Realtor® and your lender will work together as a team until the last document is signed at the closing table.

January 21, 2010||Mortgages/Economy/Market


Keeping an Eye on Lending Practices 

Hidden fees, bait-and-switch tactics, misrepresentation, non-disclosure.  These unethical lending tactics (as well as discrimination, predatory lending practices and, of course, old-fashioned, straight-up fraud) are pitfalls that may derail a well-intentioned buyer's effort to successfully obtain a loan for a new home. To protect buyers from these types of practices, laws exist that require lenders to provide very specific information to loan applicants early in the application process.  You may have noticed recent headlines announcing changes to some of these rules, so we want to take a closer look at what you should expect--and what you should watch out for--if you are starting the process of shopping for a loan. First, the Background What is RESPA? The Real Estate Settlement Procedures Act was passed in 1974.  The purpose of RESPA is to help consumers make the best possible decisions about the loans they choose... Read More 

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