For several years now homeowners who have filed bankruptcy, lost their home to foreclosure or sold their home in a "short sale" have asked, "when can I apply for a new mortgage?" Fannie Mae and Freddie Mac have published their rules on bankruptcies and foreclosures for years. However, though they have had a category called pre-foreclosure sales there has not until recently … [Read more...] about When Can I Apply For a New Mortgage? (after shortsale, foreclosure or bankruptcy) Fannie Mae-Freddie Mac Announce 2011 Waiting Periods
Nuts & Bolts
Financial Items You Need for a Mortgage Interview
If you are thinking of buying a home or refinancing, there is a list of financial items you need for that interview. The problem with many lenders, brokers and loan originators is that they do not want to inconvenience the consumer by too much paper work. Truthfully in most cases, I can interview someone over the phone, based on my decades of experience, and usually validate … [Read more...] about Financial Items You Need for a Mortgage Interview