Welcome to the Mortgage Bullet
Welcome to the Mortgage Bullet. My goal with this blog is to give you information to help you make the right choices with your mortgage financing and what exactly happens during the origination process. I will always be open to questions so please feel free to contact me at any time.
Even in today’s market environment you as a borrower can find good, affordable mortgages. Credit guidelines have been tightening over the last year and within the last few weeks there has been much talk of different lenders not being able to offering financing in the sub-prime or Alt-A markets. Sub-prime mortgages are made to borrowers with damaged credit. Alt-A mortgages are those with less than perfect credit, a step above the sub-prime borrower but a step below a prime borrower.
If you have good credit, mortgages are still affordable in all but the most expensive of markets. If you do not have good credit we will discuss a number of topics in upcoming blogs that can help your score.
In my first set of blogs I will be discussing the steps you need to take to buy your first, or next home, the homework you should do before applying for your mortgage, and what you should be looking for from your lender. More on this to come.
