This is a glossary of some of the more common, and most important mortgage terms. This list will help to familiarize you with some of the terms you should know to find the best mortgage program for your needs. 3-Day Right of Rescission – A period of 3 full business after the Read more…
The IRS recently unveiled its list of “Dirty Dozen” tax scams, with a warning to taxpayers not to fall prey to the claims of dishonest financial advisors, unscrupulous tax preparers, or other scammers. Here are some of the more common tax scams from the IRS’ list. Tax Scam 1: Hiding Read more…
Because both lenders and brokers will lie to you. That’s right, even the big lenders will lie to retain clients or get new ones and they get away with it everyday. I see it happen almost every day, and I’m just one broker in one city in the entire Untied Read more…
If you’ve ever signed for a mortgage, or any other loan for that matter, you may be familiar with the 3-Day Right of Rescission. It’s a right granted to all borrowers to change their minds after the loan papers have been signed. There are limits of course, but the goal is Read more…
Back in the heyday of the mortgage market when shady brokers were selling their socks off (which really wasn’t long ago now), they used the terms “soft” and “hard” credit inquiries when talking about pulling borrower’s credit scores. In fact, confusion about the difference between these types of inquiries was Read more…