Your Next Closing Maybe Different

Originally posted 2009-02-12 07:00:25. Republished by Blog Post Promoter

At the next closing you attend, you will see a new HUD-1.  The HUD-1 is the 8 by 14 paper that the seller, buyer, and the closing agent all sign to transfer ownership of a property.

The reason for the changes to the HUD-1 was done to allow the consumer the ability to understand the differences between the good faith estimate received at time of application and HUD-1 received on the day of closing.  There are other changes that the HUD-1 will receive, but it is estimated that it may take as long as a year to complete all the updates.  Other changes include:

• improvement to the HUD-1 to make it easier for a consumer to determine the yield spread premium that is to be paid to the mortgage broker
• Still yet, another change will prevent mortgage brokers from changing certain costs that are stated on the good faith estimate. 

Remember to read all documents that you sign when you orginate your mortgage and make sure that you understand your good faith estimate.  The new HUD-1 will help you to easily see if any cost have changed since the orgination of your mortgage so compare the good faith estimate to the figures on your HUD-1.

How to Raise Your Odds of Getting Approved for a Mortgage

Originally posted 2009-12-15 19:16:46. Republished by Blog Post Promoter

Your credit score is the catalyst to you receiving or not receiving a mortgage.  Advantage Mortgage has taken some of the guess work out of obtaining a mortgage.  The company has included an easy to understand tutorial on mortgages and common terms to help the buyer understand common terms that will be used during the acquisition of a mortgage.

Not only does Advantage Mortgage prides itself on providing information on the terms related to mortgages, it wants to be the company that you think of no matter what your credit score.

Advantage Mortgage has cutting edge mortgage programs for:

• self employed
• first-time home buyer
• investors
• move up buyers

No matter what your mortgage needs let Advantage Mortgage guide you through the process.

All to often a buyer finds him or her self alone when considering purchasing a home.   Advantage Mortgage holds your hand with its knowledgeable professionals.  These professionals will answer all questions pertaining to mortgages.  They will provide you with a good faith estimate of all charges as well as, explain the difference between a fixed and adjustable rate mortgage.

<a href=”http://www.lifeinsurancecheapquote.com” id=”R8AADEC”>life insurance, homeowner, pet, travel, supplemental, reinsurance, agent and broker and useful information on life insurance products. </a>