Beth's no Bull Mortgage Blog

I have read so much lately about whether or not it is a good time to buy real estate. There are many factors in favor of doing so. Heck, it's a buyers market! I can't think of a better time to buy something than in a market that favors the buyer. I am surprised that my colleges have not given muc...

Yea!!!!!!! You have gotten your mortgage loan approved and "clear to close"! You are ready to go to settlement but, as you may have guesed, there is one more step. The closing. To close on a mortgage transaction you need to have loan documents prepared, funds ordered and sent to the title/escrow ...

It's time. All your documents are in ordered, your property has been appraised and now you're ready to close right? Well, not quite yet. Your loan application and all supporting documents must be reviewed and approved by an underwriter. What??? You may be thinking "but my loan officer told me I w...

Okay. You know what your loan officer does for you, what your mortgage processor's role in your loan transaction is, who will order the property appraisal and have a basic idea of what they look for and now on to the pesky title report. This is very State specific so I will only give a brief over...

You're now on your way to a mortgage loan approval! Just a few things you need before a final decision can be made. Lets start with the appraisal of the property. This is a crucial part of any mortgage loan. This must be completed by a State Licensed/Certified Real Estate appraiser. The appraisal...

Congratulations! You have found a loan officer and have qualified for a mortgage loan. You have found the home you would like to purchase or have decided to refinance the home you already own. What happens now? Your loan officer gives your file to a mortgage processor. The mortgage processor take...

The mortgage process can be confusing and it seems to be getting more complicated as we go along. There are so many people involved in a mortgage transaction and I think it might be beneficial to you, the consumer, to understand who all these people are and what functions they perform. This will ...

Laissez les bon temps rouler! I am so glad that the good old days are finally back. I'm not minimizing the economic turmoil that many of us find ourselves in, I'm just glad it is finally business as usual. I'm not a Realtor. I'm a mortgage guy (gal). Thankfully, I do not deal with negotiating sho...

I don't think it's nice to throw things at people but some times it happens. I was basking in the pathetic glory of my first featured blog yesterday when *pow* I got hit with a ball. It was called a friendship ball. I live in dread of these things (go away meme go away). I am not at all literate ...

Wait. That's not it. No discussion of sex, politics or religion with strangers. At least that's what my mother always told me. I have been a member of AR for some time now. I have never seen so many posts about politics before. This is not to say that there haven't been many relevant and importan...