Author Archives: theloanman

Your first impulse might be to say “Only my home mortgage,” but you could be mistaken. Your home could have a lien that you are not aware of. Liens fall into four primary categories: Mechanical liens: These could result from … Continue reading →

  The general assumption today is that all loans have a due on sale clause. This is the clause that simply says “If you sell the house, you have to repay the loan in full.” It only makes sense, because … Continue reading →

If you’ve begun saving up for the down payment on a home, and if you’ve mentioned your goal to friends and family, you’ve probably been getting plenty of advice. Some of it, of course, is good advice. For instance, Mom … Continue reading →

  When you set out to purchase or sell a home, you’ll likely be confronted with an abundance of terms that you simply don’t use in everyday life. Your agent, your lender, and others associated with the real estate industry … Continue reading →

First, what is a Closing Disclosure Form? It’s a document that outlines the terms and costs of your home mortgage. When you first applied for your loan you were given a Loan Estimate, also known as a good faith estimate. … Continue reading →

When you’re planning to buy a house and will need a mortgage, and you’ll have choices. While a few do qualify for VA or Farm Home loans, most must choose between Conventional and FHA. Right now, about 40% of all … Continue reading →

Nearly 2/3 of American taxpayers take the standard deduction each year without giving much thought to the possibility of saving money by itemizing their deductions. For many, this makes sense, but for others, it’s akin to throwing money to the … Continue reading →

    Would you like to attain a high net worth? Of course – who doesn’t? Adopt these 7 habits and watch your wealth grow. Proceed slowly – there is no such thing as “Get rich quick.” The very wealthy … Continue reading →

  A recent article on realtor.com stated that one survey found that 64% of millennial mortgage applicants prefer to apply for their mortgages on line. Realtor.com even offered up some reasons why potential borrowers might want to apply on line. … Continue reading →