Author Archive

Evan Vanderwey,

evanvanderwey

  1. 3D Character and Question Mark

    The Best Policy on Locking in Interest Rates…

    Consider the following three things when deciding whether or not to lock in your mortgage interest rate: Lock in your rate as soon as you know …More

    Finance By Feb. 11 5 Responses
  2. Am I SAFER today as a result of the SAFE Act of 2008?

    Am I SAFER today as a result of the SAFE Act of 2008?

    The Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (called the SAFE Mortgage Licensing Act of 2008) is being made the rule of the …More

    Mortgage Broker By Jan. 12 2 Responses
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    Back to the Fundamentals: How can I increase my approval amount?

    For many, this is an irrelevant question. Most clients I meet with are able to qualify for much more than they want to afford, and they …More

    Finance By Nov. 5 No Responses
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    Back to the Fundamentals: I have my maximum payment. Now how much house can I buy?

    If you have ever used Excel spreadsheet, which I do daily in calculating mortgage and investment solutions, the answer to the question in the title of …More

    Tips & Advice By Oct. 29 No Responses
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    Back to Fundamentals: How Do I Know How Much Mortgage Payment I Qualify For?

    The answer to this question defines the “simple but not easy” category of mortgage education if ever there was such a category. Simply put – you …More

    Finance By Oct. 22 2 Responses
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    Back to Fundamentals: Source of Funds.

    Mortgage professionals are often chided by customers and REALTORS® for our requirement to verify the source of funds a borrower brings to closing. The money is …More

    Finance By Oct. 15 No Responses
  7. Back to the Fundamentals: How much money do I need to put down?

    Back to the Fundamentals: How much money do I need to put down?

    If there is one component that predicts more than any other whether a home owner will continue making payments when times get tough, it’s this one. …More

    Lenders By Oct. 7 1 Response
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    Back to Fundamentals: Key Components of Full Mortgage Approval

    I generally go through this with every buyer I meet just to make sure that folks understand the big picture. In every lending situation, we need …More

    Finance By Sep. 30 6 Responses
  9. I Have No Credit Score – Can I Buy a Home?

    I Have No Credit Score – Can I Buy a Home?

    Absolutely! I have in the past written about how to increase your credit score by purchasing a credit action report and making some minor changes that …More

    Credit Scores/Bad Credit By Sep. 20 7 Responses
  10. How and Why You Get Your Money Back by Refinancing

    How and Why You Get Your Money Back by Refinancing

    Many are bemoaning the fact that their home has lost value in the last three years. They purchased the home in the early 2000s and saw …More

    Refinance By Sep. 14 1 Response