Earnest Money Shows the Seller You Mean Business The earnest money deposit on the purchase of a house shows good faith on the part of the buyer to perform. Kristin LaVanway and Dean Ouellette discuss how much is an appropriate and effective amount to put down as a deposit. We also uncover the secret to pronouncing Dean's last … [Read more...] about How Much Should My Earnest Money Deposit Be?
buying a home
Fannie Mae publishes new guidelines for home purchases after short sale or foreclosure The new Fannie Mae guidelines defining the waiting period required for a home buyer after a short sale or foreclosure are probably just the first of many tweaks to the guidelines that govern the mortgage industry. The new guidelines clearly … [Read more...] about How Long After A Short Sale Or Foreclosure Before I Can Buy A House?
Remember when you could call up a lender, tell them how much you make and how much you owe in car and credit card payments and they would tell you how much you qualify for? Well, those days are over... Today, I have the unpleasant task of cancelling a contract for one of my buyer clients because their loan fell through. This … [Read more...] about The Myth of Loan Pre-Qualification