A forbearance is a loan relief agreement offered by many loan servicing institutions for temporary postponement of your mortgage payments. The loan servicer agrees to delay foreclosure proceedings and negotiates a repayment plan for the missed mortgage payments. It might look mean and scary but it’s not! Foreclosures are expensive for lenders and services and…
Happy New Year to all! I don’t know about you but 2019 was the saddest year in recent memory. We lost our good friend and founder, Joe Powers, in February. Bad way to start a year. Then we lost the husbands of two very good friends who had been fighting cancer for nearly 20 years. …
MULTILINE MORTGAGE SERVICES ANNOUNCES THE OPENING OF THEIR BRANCH OFFICE AT HORIZON REALTY OF ANNA MARIA, INC. LOCATED AT 420 PINE AVE, ANNA MARIA, FL! Patti LeVan is a Mortgage Broker AND Realtor providing a definitive advantage to our clients. Patti provides in depth knowledge of the entire home buying and investing experience. …
May 30, 2019 Mortgage rates were mixed today, with some lenders holding steady while others offered mid-day improvements in response to strong performance in the bond market. In either case, today’s loan quotes are likely to be as good as they’ve been since the first few weeks in 2018. But are they under 4.00%? That’s the claim being…
Recently I was at an Anna Maria Island Chamber of Commerce event and I was asked this question. There are many distinct differences. Definition of Broker. The dictionary defines “broker” as a person who arranges or negotiates a settlement, deal or plan. That’s the nutshell. You’ve heard of a Mortgage Broker, Insurance Broker, Real Estate…
By Patti LeVan, Multiline Mortgage Services, Inc. June 20, 2017 I recently did a search on the internet for the definition of mortgage broker. Knowing what a mortgage broker actually does, since that is what I do, I found a lot of misinformation. For example, Zillow defined a mortgage broker as an originator that sells…
Things to do after moving into your new home.
by: Jann Swanson New DU Version Eases DTI Requirements May 31 2017, 10:55AM Fannie Mae has announced changes in underwriting for loans submitted to its Desktop Underwriter (DU), Version 10.1. The new DU version will be implemented on or after the weekend of July 29. The changes are outlined in release notes issued on Tuesday…
Improving your credit score is possible The FICO Score scale runs from 300 to 850. How rare is a perfect credit score of 850? According to Fair Isaac Co., the developer of the FICO Score, just one in nine Americans has a FICO Score of 800 or higher, and only 1% have a perfect credit score…
When someone requests to pull your credit report, it will usually affect your credit score. Having too many inquiries of a particular type can actually have a negative effect. But the key to understanding which types of inquiries will hurt your credit score is knowing the difference between “hard” and “soft” inquiries. Hard inquiries When you apply for a new…
