Search Results for credittag:searchlightcrusade.net,2024:/mt//feed/credit2024-05-03T05:25:26ZMovable Type 4.21-en6771677First Time Buyer Programs: The Mortgage Credit Certificate (MCC)tag:www.searchlightcrusade.net,2008://3.38052024-04-15T14:00:00Z2024-04-15T15:36:09ZDan Melsonhttp://www.searchlightcrusade.net/
This is a nationwide program for first time home buyers that helps them qualify for the loan by saving them even more money on their tax bill. With that said, however, the state of California accounts for more than 50...
Lenders Adding Conditions After Loan Closingtag:www.searchlightcrusade.net,2014://3.51132024-04-08T14:00:00Z2024-04-08T16:19:05ZDan Melsonhttp://www.searchlightcrusade.net/
I love your site and you are very knowledgeable. I have one quick question for you. I bought a home, I made it through closing, I moved my family into the home. During the process I used some closing...
Buyer's Agency, Due Diligence, and the Illusion of Comitytag:www.searchlightcrusade.net,2009://3.48532024-04-01T14:00:00Z2024-04-01T12:38:30ZDan Melsonhttp://www.searchlightcrusade.net/
Somebody sent me this story via e-mail: Feeling Misled on Home Price, Buyers Sue Agent Marty Ummel feels she paid too much for her house. So do millions of other people who bought at the peak of the housing...
How Can Buyers Get the Lowest Possible Price on the Best Possible Property?tag:www.searchlightcrusade.net,2009://3.48522024-03-25T14:00:00Z2024-03-25T17:03:30ZDan Melsonhttp://www.searchlightcrusade.net/
The first piece of advice I have for buyers who want to get a fantastic bargain is to find a good buyer's agent. Nothing else will make as much difference as a good buyer's agent who is dedicated to...
Paying Off Old Past Due Bills Without Hurting Your Credit Againtag:www.searchlightcrusade.net,2008://3.37912024-03-19T14:00:00Z2024-03-19T14:38:59ZDan Melsonhttp://www.searchlightcrusade.net/
People sometimes ask how they can improve their credit if they have old collections on their credit record. Well, the answer is NOT to simply pay them. Paying off a five year old collection can cause your credit score to...
In Real Estate, You're Better Off Doing One Thing At A Timetag:www.searchlightcrusade.net,2008://3.37742024-02-12T15:00:00Z2024-02-12T16:30:00ZDan Melsonhttp://www.searchlightcrusade.net/
Hi--I just found your site today. The best I've ever seen/read, etc. Thank You!! I do have a question I didn't see addressed regarding our current situation/dilemma: Our present home, which we've lived in for 8 years, is worth...
Buyer's Markets Are A Great Time For Moving Uptag:www.searchlightcrusade.net,2009://3.48402023-12-25T15:00:00Z2023-12-25T16:27:37ZDan Melsonhttp://www.searchlightcrusade.net/
I have said repeatedly that buyer's markets are not the time to be selling a property if you have any choice. There is one exception: People looking to turn around and buy a more expensive property. If you're looking to...
Fear and Greed, or How Did The Housing Bubble Get So Big?tag:gockel.hmdnsgroup.com,2006:/~searchli//3.24562023-12-18T15:00:00Z2023-12-18T15:48:25ZDan Melsonhttp://www.searchlightcrusade.net/
(This was originally written February 16, 2006, but it's relevant still) One of the occasional questions I get from people has to do with why the housing bubble got so big (or if you're one of those still in denial...
Deciding Not To Pay The Buyer's Agent When Sellingtag:www.searchlightcrusade.net,2023://3.55202023-12-04T15:00:00Z2023-12-04T16:45:29ZDan Melsonhttp://www.searchlightcrusade.net/
A recent court case wherein it was decided that seller's have the right not to pay the buyer's agent (well DUH!) created a lot of furor. The truth is this has been well-established in law and precedent for I don't...
Issues with Family Transfers of Real Estatetag:gockel.hmdnsgroup.com,2006:/~searchli//3.24552023-11-20T15:00:00Z2023-11-20T13:14:56ZDan Melsonhttp://www.searchlightcrusade.net/
We live in (A California city). In a 2 bedroom 1 bath home on approximately a 20,000 Sq. ft. lot. It is easily worth 500K to 600K with a current mortgage of $116,000. The mortgage/Title is in the name...
Getting Another Mortgage Loan After A Short Saletag:www.searchlightcrusade.net,2009://3.48352023-10-23T14:00:00Z2023-10-23T16:28:51ZDan Melsonhttp://www.searchlightcrusade.net/
Our home isn't worth what we owe. So say you were just an average person selling and buying a house, meaning you put your house up for sale, get a contract to purchase on it then go put in offer...
Quitclaiming Property with a Mortgagetag:www.searchlightcrusade.net,2009://3.48342023-10-16T14:00:00Z2023-10-16T15:14:22ZDan Melsonhttp://www.searchlightcrusade.net/
I am currently living with my parents and they wish to deed of gift their house to me but they still have a remaining mortgage on it. Is it possible to do this or do they have to pay off...
Straw Buyers and Straw Purchases are Always Fraudtag:www.searchlightcrusade.net,2007://3.37472023-10-02T14:00:00Z2023-10-02T16:14:18ZDan Melsonhttp://www.searchlightcrusade.net/
I've gotten several emails to articles recently having to do with straw buyers, and more search hits. Straw buyer fraud is popular because people want a better loan and many don't see anything wrong with it since "we intend to...
Multiple Mortgage Inquiries Do Not Drop Your Credit Scoretag:www.searchlightcrusade.net,2007://3.37412023-09-11T14:00:00Z2023-09-11T15:27:56ZDan Melsonhttp://www.searchlightcrusade.net/
>broker incurred 19 inquires in 1 week dropping my score. B.S. I'd go the full Penn and Teller on this one if I wasn't trying to stay family friendly. The law is clear on this one, and practice is fully...
Forty and Fifty Year Mortgagestag:www.searchlightcrusade.net,2007://3.37382023-09-05T14:00:00Z2023-09-05T15:08:15ZDan Melsonhttp://www.searchlightcrusade.net/
For a while there, the forty year mortgage had started to make a comeback, and a few lenders started introducing the fifty year mortgage. The reason, straight from the horse's mouth, the lender's representatives, is lowered payments. In an uncertain...
Manufactured, Modular, and Site-Built Homes: How Lending Practices Drive the Sales Markettag:www.searchlightcrusade.net,2007://3.37312023-08-14T14:00:00Z2023-08-14T16:21:44ZDan Melsonhttp://www.searchlightcrusade.net/
Many people are unaware how profoundly lending policies influence the market for residential property and the various kinds of housing and methods of construction. So I am going to go over the various gradations in available loans for various types...
Automated Underwriting In Pre-Qualification or Pre-Approval Letterstag:www.searchlightcrusade.net,2011://3.50432023-08-07T14:00:00Z2023-08-07T15:54:27ZDan Melsonhttp://www.searchlightcrusade.net/
It has become a trend for real estate agents who think they're being "smart" to require an automated underwriting approval. These are automated underwriting programs from Fannie Mae and Freddie Mac saying that Fannie or Freddie will buy the...
Should I Buy A Home? Part 2: Processtag:gockel.hmdnsgroup.com,2006:/~searchli//3.24232023-07-10T14:00:00Z2023-07-17T16:09:26ZDan Melsonhttp://www.searchlightcrusade.net/
Continued from Part 1: Preparation I am considering buying a home, although I have not made up my mind on the subject. This is not due to indecision, but rather due to a lack of necessary information. There are many...
Should I Buy A Home? Part 1: Preparationtag:gockel.hmdnsgroup.com,2006:/~searchli//3.24222023-07-03T14:00:00Z2023-07-17T16:09:06ZDan Melsonhttp://www.searchlightcrusade.net/
I am considering buying a home, although I have not made up my mind on the subject. This is not due to indecision, but rather due to a lack of necessary information. There are many factors to be considered...
First Time Buyer Programs and Multi-Family Housingtag:www.searchlightcrusade.net,2009://3.48262023-06-26T14:00:00Z2023-06-26T13:26:44ZDan Melsonhttp://www.searchlightcrusade.net/
Can I qualify for first time home buyer financing if I buy a duplex and live in one and rent out the other? I thought if I bought a duplex, lived in one side and rented out the other would...