Ready Bell Home Loans @ Mason McDuffie Mortgage » 100% financing http://readybell.com Home Loan Professionals Fri, 03 Feb 2012 15:25:00 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 PART TWO: How to take advantage of Todays great rates when you have less than 20% equity in your home without paying mortgage insurance http://readybell.com/fixed-rate/part-two-how-to-take-advantage-of-todays-great-rates-when-you-have-less-than-20-equity-in-your-home-without-paying-mortgage-insurance/ http://readybell.com/fixed-rate/part-two-how-to-take-advantage-of-todays-great-rates-when-you-have-less-than-20-equity-in-your-home-without-paying-mortgage-insurance/#comments Sun, 14 Nov 2010 15:53:14 +0000 readybell http://readybell.com/?p=1813 If your home loan is owned by Fannie Mae or Freddie Mac there are special refinances available.  Commonly know as HARP, these loans can be 100% of what you owe and you can get a great rate with nomortgage insurance. Many people assme that since they get a bill from say Bank of America or Chase that Fannie or Freddie do not own their loan.   This is not true.  The company that sends you your bill rarely owns the actual loan.  They own what is called the servicing rights, which in a nutshell means they get paid by the person who does own your loan to send your bill and collect your money every month.To see if Fannie Mae oR Freddie Mac owns your loan give us a call.  We are happy to look it up for you.

]]> http://readybell.com/fixed-rate/part-two-how-to-take-advantage-of-todays-great-rates-when-you-have-less-than-20-equity-in-your-home-without-paying-mortgage-insurance/feed/ 0 Most important mortgage news this year http://readybell.com/adjustable-rate-mortgage/most-important-mortgage-news-this-year/ http://readybell.com/adjustable-rate-mortgage/most-important-mortgage-news-this-year/#comments Thu, 03 Jun 2010 23:57:04 +0000 readybell http://readybell.com/?p=1736  

If you are purchasing or refinancing a home with a loan (not FHA)

DO NOT BUY ANYTHING WITH YOUR CREDIT CARDS.

As of June 1st Fannie Mae is requiring lenders to check the borrowers credit right before funding.  If anything changes on your credit your loan that you already have signed loan documents on could be denied.   In order to protect yourself

1) DO NOT BUY ANYTHING WITH YOUR CREDIT CARDS OR OPEN NEW LINES OF CREDIT.

2) PAY YOUR CREDIT CARDS ON TIME

3) DO NOT ALLOW ANYONE TO RUN YOUR CREDIT.

By following the three above rules you will have no problems.  If you decide to go against any of the above you could be setting yourself up for disaster.

]]> http://readybell.com/adjustable-rate-mortgage/most-important-mortgage-news-this-year/feed/ 0