How to Get Fast Loan Approval

Our lives are so fast-paced in every other area, that we want fast results when it comes time to buy a house, too. The main way to fast-forward the mortgage approval process is to get organized and gather up necessary information before meeting with your lender: A list of your bank account numbers, copies of …

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Avoid overcharges when refinancing

The process of deciding whether to refinance a mortgage in order to lower costs involves four steps:• Step one: Select the preferred type of new mortgage.• Step two: Find the best available price on that mortgage.• Step three: Determine whether the cost of the new mortgage will be lower than the cost of retaining the …

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Proposed Bill to Speed Up Short Sale Process and Prevent Foreclosure

To avoid losing homes to foreclosure due to long response times for short sale transactions, three senators introduced legislation to speed up the short sale process. Senators Lisa Murkowski (R-Arkansas), Scott Brown (R-Massachusetts), and Sherrod Brown (D-Ohio) proposed the bill addressing the issue of short sales timelines on February 17. A short sale is a …

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Obama casts lifeline to underwater homeowners

With interest rates at record lows, any homeowner with good enough credit and enough equity to can lower his or her mortgage payment by refinancing the loan. But that option isn’t available to millions of “underwater” homeowners — people who bought their homes at or near the top of the home-price bubble, only to see …

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