credit inquiry explanation letter A letter of explanation is a 100-word letter that sits on file at the three major credit bureaus; transunion, Experian and Equifax. This letter then gets sent out to anyone requesting a copy of your credit report, providing context for any negative credit entries.when does it make sense to refinance to a 15 year mortgage Oh yes: "Can a 66 year retired man with a retirement income (pension and social security) of $52,000.00 get a 30 year fixed rate mortgage? If yes, does it make financial sense to do this?"

Buying a new home: Resale vs. new build. If you buy and move-in to a new-build while the community is still being built you’ll need to get used to living in a construction zone.

If you are thinking about purchasing a new VW, such as an Atlas, Tiguan, or Touareg, check out some of the important details.

The Sellers with their resale homes have a leg up on the new construction communities -> their homes are available immediately and it is a ‘known entity’ for the buyer in terms of what they see (after inspection) is what they get.

refinance mortgage after divorce Before you refinance the mortgage into your name, get your spouse to agree on transferring the title to your name, too, leitz advises.. kathy kristof filed for divorce in 2002 after 16 years of.

Are you in the market for a new house, but pondering the pros and cons of a new construction versus a resale home? Delaware house hunters have a lot of exciting options, but it’s important to consider the advantages of buying a newly built home before making such a huge decision.

loan to value ratio definition A loan to value (ltv) ratio describes the size of a loan you take out compared to the value of the property securing the loan. Lenders and others use LTV’s to determine how risky a loan is.

Sure, you might see a new condo development, but new homes most likely won’t be that central. They’ll be on the outskirts of town, or in a "trendy" or "upcoming" area. In other words, there’s going to be a commute if you buy new, and the location might be questionable at best in terms of value.

The advantages of a new construction home are many and comparable – on a much. If a new car is fun, a new home purchase is infinitely more exciting! Think about it! Buy a resale home and what you.

“We do both new construction as well as resale homes,” Beard noted. “It really gives the buyer a good idea of what they can do with a space.” Staging techniques focus on improving a property’s appeal.

Buying New Versus Resale. In today’s highly competitive market there is a vast array of choices to be made when deciding on the type of dwelling you wish to reside in. Below is a comparison of the advantages and disadvantages of buying a new home versus a resale home. Advantages of a New.

when to get pre approved for a mortgage fha upfront funding fee Upfront Mortgage Insurance Premium – HUD | / U.S. – Upfront mortgage insurance premium (MIP) is required for most of the FHA’s single family mortgage insurance programs. lenders must remit upfront MIP within 10 calendar days of the mortgage closing or disbursement date, whichever is later.Get A Pre-Approved Mortgage Certificate – CIBC – Before you fall in love with a home, you’ll want to know that your financing has already been arranged. Get a CIBC Pre-Approved Mortgage Certificate and shop for your first house with confidence.

new construction versus resale — what is the better. Asked by Zoeller, Georgetown, TX Sun Aug 26, 2007. I do a lot of research on real estate when we need to move to an area. It appears that prices are dropping on resale homes, & there is a gluttony of resale homes.

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