How Can I Improve My Home’s Value?

by mcgeheeloanclosings | Jan 13, 2014 | Sales Process: | 0 Comments

Buyers generally seek the least expensive home in the best neighborhood they can handle. Like the guy in the video says, you want to present a home that fits in the neighborhood but doesn’t stand out too much. For example if neighbors are all 4 bedrooms, 3...

What Is Mortgage Insurance?

by mcgeheeloanclosings | Jan 13, 2014 | Mortgages: | 0 Comments

Like the video shows, mortgage insurance is a policy that protects lenders against some or most of the losses that result from defaults on home mortgages. Like home or auto insurance, mortgage insurance requires payment of a premium, is for protection against...

What Types Of Closing Costs Are Associated With FHA-Insured Loans?

by mcgeheeloanclosings | Jan 13, 2014 | Federal Programs | 0 Comments

While this video simplifies things to help you remember, except for the addition of an FHA mortgage insurance premium, FHA closing costs are similar to those of a conventional loan. As of 2013, the FHA requires a single, upfront mortgage insurance premium equal...

What Are The Steps Involved In The FHA Loan Process?

by mcgeheeloanclosings | Jan 13, 2014 | Federal Programs | 0 Comments

The video puts this in more visual terms, but with the exception of a few additional forms the FHA loan application process is similar to that of a conventional loan. With new automation measures FHA loans may be originated more quickly than before. And, if you...

How Can The FHA Assist Me In Buying A Home?

by mcgeheeloanclosings | Jan 13, 2014 | Federal Programs | 0 Comments

Remember these points from the video:the FHA works to make homeownership a possibility for more Americans. With the FHA, you don’t need perfect credit or a high-paying job to qualify for a loan. The FHA also makes loans more accessible by requiring...

What Can I Expect To Happen On Closing Day?

by mcgeheeloanclosings | Jan 13, 2014 | Title and Closing | 0 Comments

While this video simplifies things to help you remember: you’ll present your paid homeowner’s insurance policy or a binder and receipt showing that the premium has been paid. The closing agent will then list the money you owe the seller remainder of...