Buyer’s Market for a Pittsburgh Mortgage
If you’re in the market for a Pittsburgh mortgage or refinance, you’ll be pleased to know that we’re currently in what is known as a Buyer’s Market – meaning the advantages of a home purchase or refinance are mostly on the side of the buyer right now. This is primarily because interest rates are at […]
Pittsburgh Mortgage Company Launches Free Financial Calculators
FOR IMMEDIATE RELEASE Top Pittsburgh mortgage company Sail Mortgage announced the official launch of free financial calculators and other tools available via the firm’s website. The calculators include ARM vs. Fixed Rate, FHA Loans, 15 and 30 year comparisons and a reverse mortgage calculator, among others. PITTSBURGH, Pennsylvania April 26, 2012 Sail Mortgage announced the […]
CFPB Recommends Increased Mortgage Borrower Protections
Mortgage borrowers in Pennsylvania were exalted this month when the CFPB made recommendations that – if passed – will provide significant protections to consumers. While most of these protections are aimed at increased disclosure, some also sought to provide additional protections, such as error investigations and delinquency assistance. Understanding these new mortgage borrower protection recommendations […]
The Mortgage Process, Step By Step
1. Make contact with client. Provide the Pre-Approval, if purchase. 2. Take loan application in person, over phone, via website, other. 3. Run credit scores and review with client. 4. Input application into system. 5. Provide Initial Fees Worksheet and review with client. 6. Begin underwriting of loan. 7. Order appraisal. 8. Order title […]
First Steps to Homeownership
If you are currently renting and considering purchasing a home, I recommend the very first step should be a comparison of rent versus own, to see if it makes sense for you to purchase a home or keep on renting. Most mortgage professionals have computerized programs available or you can go to our Finance Calculators […]
Credit Tips to Lower Your Interest Rate
A good credit score translates into lower interest rates for home-shopping borrowers. In a mortgage lender’s eyes, the higher your score is, the less risk you are, and the more likely it is you will pay off your debt. For this reason, borrowers with lower scores usually end up paying higher interest rates on their […]