Why You Should Not Buy a Car

When you get a raise or accumulate some savings, you may find yourself confronted by an innate instinct of modern civilized men and women. The desire to spend money. It begins simply, by going out to restaurants, then accelerates to purchasing clothing, electronic gadgets, and since North Americans have a special fondness for the automobile,…

Things Not to Do Before Purchasing a Home

No Major Purchase of Any Kind Review the article titled, “Don’t Buy a Car,” and apply it to any major purchase that would create debt of any kind. This includes furniture, appliances, electronic equipment, jewelry, vacations, expensive weddings… …and automobiles, of course. Don’t Move Money Around When a lender reviews your loan package for approval,…

Types of Mortgage Lenders

It used to be fairly easy to put a term to a lender that accurately described them and the types of mortgages they originated. Time, the S&L problems of the late eighties, and a maturing marketplace have served to “blend” those differences. Some old adjectives barely apply now and are rarely used. Mortgage Bankers A…

For a Quick Easy Loan Approval:

Things to Have Ready When You Apply For a Loan It used to be that lenders mailed out verifications to employers, banks, mortgage companies, and so on, in order to verify the data supplied by borrowers. Nowadays, things move faster. “Alternate documentation” has become more widely used. Alternate documentation means that underwriting answers can be…