Mistakes San Diego Home Buyers Make That Increase Their Mortgage Closing Costs Mortgage rates have an all-time low this year. However, even though many think this is a good thing – and it is, indeed –, numerous borrowers are faced with a strange phenomenon these days: parallel to the mortgage rates becoming more favorable, mortgage closing costs … [Read more...]
The Dos and Don’ts of Mortgage Credit
It’s no secret that mortgage lending is perceived as tight among borrowers. So if you’re looking to purchase a home, you’ll want to avoid any misconceptions that can impact your ability to qualify for a mortgage. There are plenty of credit myths floating around. According to a recent TransUnion survey, 48% of respondents believed that their rental … [Read more...]
What Is A Direct Mortgage Lender?
Welcome to the Mortgage Minute with Maureen Martin! I am sometimes asked what the difference is between an FHA direct and non-direct lender. A direct lender is a lender that is able to loan their own funds to close the loan (that doesn't mean that they will service them, but they will loan their own money). Whereas a broker puts their name on the … [Read more...]