Comments on: Review: The New Rules for Mortgages http://poorerthanyou.com/2009/09/17/review-the-new-rules-for-mortgages/ Money issues for college students and 20-somethings, without being boring. Wed, 08 Feb 2012 11:22:41 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Jeff Ragan http://poorerthanyou.com/2009/09/17/review-the-new-rules-for-mortgages/#comment-82859 Jeff Ragan Sun, 13 Dec 2009 14:54:23 +0000 http://poorerthanyou.com/2009/09/17/review-the-new-rules-for-mortgages/#comment-82859 What an awesome review. I used to be in the mortgage business during the peak of the sub-prime loans. I would not write them if I could avoid it. I only wanted to sell FHA loans with a 30 yr fixed rate. Even though I no longer do mortgages, I'm confident that the people I put into homes are likely still living there. Jeff What an awesome review. I used to be in the mortgage business during the peak of the sub-prime loans.

I would not write them if I could avoid it. I only wanted to sell FHA loans with a 30 yr fixed rate.

Even though I no longer do mortgages, I’m confident that the people I put into homes are likely still living there.

Jeff

]]> By: EricJ http://poorerthanyou.com/2009/09/17/review-the-new-rules-for-mortgages/#comment-81209 EricJ Sun, 08 Nov 2009 16:39:49 +0000 http://poorerthanyou.com/2009/09/17/review-the-new-rules-for-mortgages/#comment-81209 Dale Thanks for the post. Unfortunately, by the time you clicked on "submit", some of the rules probably changed. I am getting daily e-mails from banks with guideline changes. The best advice I could give someone is to understand your loan options before speaking to anyone. Then shop for a mortgage broker well before you begin the house hunting process. I am talking about 6 months propr to finding a home. There may be credit score problems that will take time to get resolved. Or, you may need to move assets around so you can get approved. A well educated borrower is one who will fare the best. I have included some loan options and FAQs here http://www.dreamhomefinancing.com Get familiar with everything that is available to you. Dale

Thanks for the post. Unfortunately, by the time you clicked on “submit”, some of the rules probably changed. I am getting daily e-mails from banks with guideline changes. The best advice I could give someone is to understand your loan options before speaking to anyone. Then shop for a mortgage broker well before you begin the house hunting process. I am talking about 6 months propr to finding a home. There may be credit score problems that will take time to get resolved. Or, you may need to move assets around so you can get approved. A well educated borrower is one who will fare the best.

I have included some loan options and FAQs here http://www.dreamhomefinancing.com Get familiar with everything that is available to you.

]]> By: Names are cool! http://poorerthanyou.com/2009/09/17/review-the-new-rules-for-mortgages/#comment-79010 Names are cool! Tue, 22 Sep 2009 16:44:39 +0000 http://poorerthanyou.com/2009/09/17/review-the-new-rules-for-mortgages/#comment-79010 I got preapproved before (but didn't buy a house) and when I went to the same bank, they said they had new regulations (didn't meet with a mortgage specialist yet.)What kind of regulations are banks using now to qualify people for mortgages? I got preapproved before (but didn’t buy a house) and when I went to the same bank, they said they had new regulations (didn’t meet with a mortgage specialist yet.)What kind of regulations are banks using now to qualify people for mortgages?

]]> By: trish http://poorerthanyou.com/2009/09/17/review-the-new-rules-for-mortgages/#comment-78799 trish Thu, 17 Sep 2009 23:39:19 +0000 http://poorerthanyou.com/2009/09/17/review-the-new-rules-for-mortgages/#comment-78799 Stephanie, thank you so much for such a comprehensive review! This will really make it so people can know whether this book is for them or not. Thanks for being on the tour and putting so much effort into your review! It is much appreciated! :) Stephanie, thank you so much for such a comprehensive review! This will really make it so people can know whether this book is for them or not.

Thanks for being on the tour and putting so much effort into your review! It is much appreciated! :)

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