From the monthly archives: April 2010

Don’t Leave Tax Credits On The Table (And How To Get Them Back If You Already Filed)

By On April 8, 2010 · In Tax Tips

Taxes are due April 15 and if you’re among the millions of Americans who wait until the last week to file, watch this video interview. It could help you reduce your federal tax liability.

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The March Fed Minutes Explains Why Home Sales Weren’t Worse This Winter

By On April 7, 2010 · In FOMC Minutes

From March’s Fed Minutes, it’s clear that the Fed’s concern about inflation is hugely diminished — a major plus for the mortgage bond market and mortgage rates.

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Pending Home Sales Soar In February, As Expected. Buyers Are Everywhere.

By On April 6, 2010 · In Pending Home Sales

As expected, the Pending Home Sales shot higher in February, boosted by the federal home buyer tax credit’s April 30 deadline.

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What’s Ahead For Mortgage Rates This Week : April 5, 2010

By On April 5, 2010 · In Weekly Review

Mortgage markets performed terribly last week as losses piled up day by day. It marked the second straight week of sell-offs.

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MB Seven Things To Know About Mortgage Approval

Seven Things Your Agent Should Know About Your Mortgage Approval

By On April 1, 2010 · In Featured, Mortgage

While many experienced real estate agents have a general understanding of the mortgage approval process, there are a few important details that frequently get overlooked which may cause a purchase to be delayed or denied.

New regulation, updated disclosures, appraisal guidelines, mortgage rate pricing premiums, credit score, secondary approval layering, rescission deadlines, property [...]

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Credit Approval

Ten Credit Do’s and Don’ts To Bear In Mind Prior To Getting Your Mortgage Loan

By On April 1, 2010 · In Mortgage

How can a fully approved loan get denied for funding after the borrower has signed loan docs?

Simple, the underwriter pulls an updated credit report to verify that there hasn’t been any new activity since original approval was issued, and the new findings kill the loan.

This generally won’t happen in a 30 day [...]

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The Federal Home Buyer Tax Credit Enters Its Home Stretch — 30 Days Left

By On April 1, 2010 · In Homebuyer Tax Credit

There’s just 30 days remaining to use the federal home buyer tax credit. The credit ranges up to $8,000 for first-time homebuyers, and up to $6,500 for existing homeworkers who have lived in their main home for 5 of the last 8 years.

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