Dora Griffin's Blog

CONSIDERING A HOME REFINANCE? If you are considering a home refinance there are a few things you need to know. The first thing you need to know is that this is NOT a refinance market like we have experienced over the last few years. Interest rates are UP this year. So if you are looking to save m...

When To Get Qualified For A Home LoanThere are different reasons for different home buyers as to getting started with the lending process. Some home buyers are fortunate in that they have plenty of cash for a down payment, great credit, and low income to debt ratio.  Many, however,  don't fall in...

Termite Inspection for Home Purchase When you buy a home in Northern Kentucky the inspection for a home inspection and wood destroying insects boxes are routinely checked. We live in an area where termites are fairly common so most home buyers will want the termite inspection done. I must disclos...

House Hunting, What You Want and Need House Hunting is made easier if you start with what you WANT and what you NEED in a home. I'm working with a first time buyer now who has taken the steps as recommended to make a list of what she must have and what she wants in a home. This is an important st...

SHOULD YOU CO-SIGN A LOAN? In the mortgage lending business we often discover when pulling credit that an applicant has co-signed a loan for another party. Most often that is for a close family relative, sometimes it is for a friend. When co-signing a loan many co-signors get it wrong in that the...

 IS AN ESCROW ACCOUNT REQUIRED WITH A HOME MORTGAGE? An escrow account may be set up when someone finances a home purchase. Typically if one has an escrow account it is for both taxes and home owner insurance. Whether an escrow account is required can depend on several factors.As a general rule i...

HOW TO CLOSE ON YOUR MORTGAGE LOAN ON TIME How to close on your mortgage loan on time and what things the borrower controls are important to understand. Once you find a home you want to buy or if  you are refinancing a home loan there can be several moving parts. From a loan originator point of v...

PURCHASING A HOME? How An Escrow Account Is Set Up One thing I always make it a point to cover with clients is escrow accounts when they purchase a home, how they are set up and why, including information on how and when escrow payments can change.When purchasing a home if you are required to, or...

PURCHASING A HOME? YOU NEED HOME OWNER INSURANCE. A common question I get as a mortgage broker is "when do I need to buy a home owner insurance policy for the home I'm buying"? Or, "who is responsible for providing a home owner insurance policy?". When purchasing a home the lender will require yo...

DO I NEED TO GET AN APPRAISAL? Quite often I am asked by home buyers and sellers "do I need to get an appraisal?". My question is why do you think  you need one? If you are utilizing the services of a professional real estate agent they are going to provide a seller the market information to set ...