prequalify for mortgage
prequalify for mortgage Foreclosure business news.
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prequalify for mortgageFirst time home buyers have unique opportunityDo you know where your credit score stands? First time home buyers may never find an opportunity like the one that exists now. The combination of low interest rates, plenty of homes on the market and a government tax credit worth $8,000 makes it an excellent time for home buyers to take a look. Because of that, most Realtors are offering advice contact your bank, they will be on hand to prequalify first time homebuyers for a mortgage on the spot. Braker said a first-time home buyer is defined as anyone who has never owned a home or who has not owned a home in at least three years. Those who want to prequalify for a mortgage will need to provide their work and banking history, 2007 and 2008 W-2 forms and a current pay stub, and a list of monthly expenses including loans and credit card balances. Then, local realtors plan to hold open houses throughout the county the weekend of Oct. 3 and 4. Braker said they will emphasize homes that are apppropriate for first-time home buyers. The deadline for the government tax credit program is late November 2009. As a result, lenders are urging those who want to participate in the program to move quickly and be prepared to write an offer ASAP I don't know about you, but for me The Diy Mortgage Loan Modification Kit had strong advice
Clinic helps homeowners with Wells Fargo mortgagesWells Fargo loan advisers helped about 60 people Saturday at a free homeownership preservation clinic in the Bayanihan Center of Seafood City. "It was a good experience. The people, they're helpful," said a Benicia homeowner who declined to be named. Wells Fargo consultants were able to pre-qualify her for an affordable home loan modification, dropping her monthly mortgage payments by $1,000. "My husband is disabled, and they slashed my income in half in February," the woman said. This clinic followed one held in August for those with Chase, Washington Mutual and EMC Mortgage loans. "It's double the amount (of people helped) than last time," said Francis Neri, a local Realtor and an event organizer. Neri and the other organizers recently formed the nonprofit Advocates for Neighbors to address issues such as people with troubled mortgages. Neri hopes to have another preservation clinic in December, perhaps with lending institutions like Bank of America or Citi Bank.
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