Category Archives: Lender News
What Documents do Lender’s usually need for a Loan? Ask the Expert
Ask the Expert. What documents do lenders usually need from me? 1. Residence address(es) past 2 years 2. Landlord or Mortgage Co., mailing address, account numbers and phone numbers for your previous 2 years residence 3. Employers’ names, address and … Continue reading
What are Closing Cost? – Ask the Expert
What are closing costs? –Ask the Expert Closing costs are some of the most misunderstood charges on a home purchase. When you see a sign, ZERO down, you would think you did not have any fees to pay. Wrong! … Continue reading
What are Discount and Origination Points?
What are discount and origination points? – Ask the Expert Written by Diane Phillips Discount points are points used to buy down the rate, origination points are fees the bank charges for doing your loan. The normal origination is usually … Continue reading
