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Monthly Archives: May 2009

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Mortgage Brokers vs Mortgage Bankers

  • Post published:15 May, 2009
  • Post category:Mortgage

Not all lenders are created equal.  Knowing the difference between the different types of lenders and how those differences impact you could save you money and provide you with more…

Continue ReadingMortgage Brokers vs Mortgage Bankers

Good Faith Estimate Explained

  • Post published:8 May, 2009
  • Post category:Interest Rates/Mortgage

The Good Faith Estimate, also known as a GFE, shows the interest rate, term, loan amount, and all settlement costs on a particular loan. The Good Faith Estimate is divided…

Continue ReadingGood Faith Estimate Explained

Home Valuation Code of Conduct – Conventional Mortgages

  • Post published:1 May, 2009
  • Post category:Assets & Home Values

Modifications to the way in which lenders and appraisers work together go into effect today, May 1, 2009.  According to the Federal Housing Finance Agency (FHFA) the changes to the…

Continue ReadingHome Valuation Code of Conduct – Conventional Mortgages

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