It’s scary applying for a home loan. The commitment to buy a home is stressful enough. Adding the fear of being turned down for a home loan can be too much for a consumer. I find that most consumers who are concerned with their credit feel that a credit blemish from years ago will keep [...]
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In January, the Department of Housing and Urban Development (HUD) announced the first major changes to FHA financing for the year changing the maximum seller concessions from 6% to 3% early summer 2010. The changes to seller concessions will have a large impact. Concessions include what the seller is contributing to the buyer in the transaction. [...] It’s important that buyers cut the check for their earnest deposit from an account they can trace the funds from. I recently had a transaction where the buyer used a cash gift to buy a cashiers check that was later used for their earnest deposit. This will create problems during the underwriting of your loan, [...] The answer to this question varies depending on the loan program a buyer is looking at, but most buyers who have past credit problems rely on FHA loans as their fastest track back to homeownership. This is due to FHA’s lenient credit guidelines compared to conventional loan programs. HUD (The Department of Housing and Urban [...] I’m announcing an move in my career. Effective today, I’m officially working at Cobalt Mortgage. This is a move I’ve put thought and consideration into for many months. Cobalt is a company where I feel I can service my clients with the best array of products and service. I will have the ability broker loans [...] |
Keane Loans is a Division of Cobalt Mortgage |
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© 2010, Cobalt Mortgage, Inc., 11255 Kirkland Way, Suite 100, Kirkland, WA 98033. Toll Free: (877) 220-4663; Fax: (425) 605-3199. NMLS Unique Identifier: 35653. Arizona MNortgage Banker License #0 909801. Licensed by the Department of Corporations under the California Residential Mortgage Lending Act. Idaho Mortgage Broker/Lender License # MBL-5220. New Mexico Mortgage Loan Company License # 03587. Oregon Mortgage Lender License #ML-2991. Washington Consumer Loan License #520-CL-48866. NMLS Unique ID: 115042, WA Lic. No.: MLO-115042, CA Lic. No.: CA-DOC115042 |
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