HOW DO I DOCUMENT MY ASSETS?
To document your assets, the lender typically asks for the three most recent monthly statements or the most recent quarterly or annual statements. These documents…
WHAT WILL THE LENDER LOOK FOR WHEN EXAMINING MY ASSETS?
First and foremost, you need to make sure the assets belong to you and you have access to them. Sometimes first-time home buyers share a…
IF I HAVE A CHOICE, ARE ESCROWS RIGHT FOR ME?
Escrow accounts are neither good nor bad. Lenders like them. Whether or not to take them is a different issue, and mostly a matter of…
WHY IS ESCROW A REQUIREMENT FOR LOANS WITH LESS THAN 20 PERCENT DOWN?
Loans with less than 20 percent down are at a higher risk of default than those with more than 20 percent down. And from a…
WHY DO LENDERS USE MONTHLY TAX AND INSURANCE PAYMENTS IN DEBT RATIOS?
If you’re paying for taxes and insurance in addition to principal and interest, that indeed affects your ability to pay your bills on time. Your…
HOW CAN LENDERS APPROVE PEOPLE WITH HIGH DEBT RATIOS?
Not all of them do every time. The new sheriff in town is an Automated Underwriting System (AUS). Whereas debt ratios are used to test…
HOW MUCH DO DEBT RATIOS AFFECT HOW MUCH I CAN BORROW?
There are debt ratio guidelines for almost every loan program, but they’re only guidelines, not hard-and-fast rules. Different loan programs have different ratio rules. Even…
HOW DO I CALCULATE MY DEBT RATIOS?
Debt ratios are two numbers expressed as a percentage of your gross monthly income. The first debt ratio is called your housing ratio because it…
WHAT ARE DEBT RATIOS?
This is the most significant concept in lending today. And maybe the most misunderstood as well. Consumers are told time and time again about their…
HOW DO I KNOW HOW MUCH I CAN BORROW?
That depends on a variety of factors, but the most common answer is that your debt ratios are in line with lending guidelines. But it…
WHAT HAPPENS AFTER I MAKE AN OFFER FOR A HOUSE?
Right after your contract is accepted, you will order an inspection of the property. An inspector crawls throughout your house looking for problems in it.…
IS AN ONLINE APPLICATION SAFE? CAN SOMEONE STEAL MY IDENTITY?
Yes, it’s safe. When you apply online you’ll see a security signal at the bottom right of the Web page. This signal is a picture…
ARE ONLINE APPLICATIONS THE SAME AS THE FIVE-PAGE 1003 ?
Essentially, they are the same, but online applications are typically more user-friendly and don’t take as long to complete because they will only ask for…
WHAT HAPPENS AFTER I FILL OUT THE 1003 ?
Within three days of your application, your lender is required by federal mandate to send you a Good Faith Estimate of Settlement Charges and a…
WHAT HAPPENS IF THE INFORMATION I PUT ON MY APPLICATION IS WRONG?
One note here, gang. Don’t lie on your application. This is serious stuff, which is why the loan application asks you more than once, in…
WHAT ARE THE TEN SECTIONS OF THE 1003 ?
There are ten sections to the 1003: Type of Mortgage and Terms of Loan Property Information and Purpose of Loan Borrower Information Employment Information Monthly…
WHAT IS THE 1003 ?
First, you apply for a loan. You can do that online, you can mail it in, you can do it over the phone, or you…
WHO ARE THE KEY PEOPLE IN A TYPICAL LOAN APPROVAL PROCESS?
The key people are the loan officer, loan processor, loan underwriter, inspector, appraiser, closer, and settlement agent. TELL ME MORE ❑ Loan Officer. This is…
WHAT ARE ALL THESE TERMS?
Buying a home brings in another tyrant: terminology. You’ll hear terms like PMI, LTV, FICO, title exam, survey, abstract of title, and so on. Sheesh.…
WHAT ARE THE BENEFITS OF GETTING PREAPPROVED?
You know before you go. Before you ever start shopping for a home, you should first have your preapproval letter in your hand. Preap-provals speed…
IF AN AUTOMATED UNDERWRITING SYSTEM APPROVES ME, DOES THAT MEAN I GET THE LOAN?
Not yet. There is still an appraisal to be ordered, an inspection to be performed, a title to be searched, and a review to be…
WHO USES AUTOMATED UNDERWRITING SYSTEMS?
Almost every lender and mortgage broker now uses an AUS. Fannie Mae and Freddie Mac (see Chapter 8) both developed their own AUS to help…
WHAT ARE AUTOMATED UNDERWRITING SYSTEMS?
Your loan application is input into a specialized software program that evaluates your entire application, and within a matter of moments your approval is issued.…
WHAT ARE LOAN CONDITIONS?
When things called ‘‘loan conditions’’ are tagged onto your approval, they mean that your loan is approved ‘‘conditionally.’’ For example: ‘‘Your loan is approved with…
WHAT IS THE PREAPPROVAL PROCESS?
The ‘‘pre’’ stuff verifies two critical elements in credit approval: your ability and willingness to repay a mortgage. Ability and willingness go hand in hand.…
WHAT’S THE DIFFERENCE BETWEEN BEING PREQUALIFIED AND PREAPPROVED?
Before you get into any agent’s car, the first thing you’ll be asked is if you’ve applied for a mortgage and been prequalified or preapproved.…
WHEN IS A GOOD TIME TO BUY A HOME?
Have you ever heard a real estate agent say that it’s a bad time to buy? I haven’t. It’s either ‘‘The market’s hot, buy now…
HOW SHOULD I SEARCH FOR A HOUSE?
That’s easy. Start doing some research on your own on the Internet, even before contacting a real estate agent. If the Internet was invented for…
HOW DO I KNOW IF IT’S BETTER TO BUY A HOME OR CONTINUE RENTING?
Perhaps one of the easiest ways to determine if it’s better to buy or rent is to sit down and calculate the financial advantages of…
The Differences between Estates and Trusts
Estates “The term “estate” consists of all the property a person owns or controls, whether in his or her sole name, held in a partnership,…
Embrace For Collapse
To all the fellow sovereign men & women, SPCs, and to anyone who is trying to make this step forward toward freedom; This is a…
Asteroid Flyby On Same Day Royal Baby Is Born
Today, July 22, 2013 it is reported that The Duchess of Cambridge gave birth to her first child, an 8-pound, 6-ounce boy, at 4:24 p.m.…
Gasoline Tax Map Per State Per Gallon in the US
These are the latest “2013 gas taxes” we the people are paying at the pump per gallon. It’s a crying shame that gas stations are…
Facebook Is Not What You Think “IT” Is
To further break down the psychological strength of the masses, break up more families and keep us at a “dumbed down” state of being while…
~Aquaponics~ “A MUST SEE 15 MIN VIDEO!!!”
In today’s day and age, we never know what might happen tomorrow sad to say. This information here is something that should be more researched…
FBI increases spying data bank using Google’s database
Reported by Jack Taylor on Thursday, March 7 2013 12:13 pm Google just revealed for the first time how many ‘National Security Letters’ (NSLs) they…
Twelve States To Jail Feds Who Violate The 2nd Amendment Or Nullify Federal Gun Control Laws
By Fred Brownbill on January 21, 2013 in Constitution Legal Watch Texas, Florida, South Carolina, Missouri, Indiana, Tennessee, Oklahoma, North Dakota, New Mexico, Arizona, Alaska and…
Asteroid 2012 da14 Split to Pieces Upon Its Voyage Past Earth???
I’ve been busy lately, and now my time is starting to clear up for me to work on some projects. Soon I am going to…
Proof That HAARP Can Create Superstorms and Other Natural Disasters
So with this movement I’ve been following, they have reported that HAARP was used over the Northeast coast. We will soon see what is to…
Each Time YOU Eat GMOs, You Become Less Human (Video)
Apparently GMOs (Genetically Modified Organisms) are programed to attack our DNA. This video below I found from someone I’ve been following for a while on…
Oregon Sheriff to VP: I won’t enforce any new gun laws.
From the shadows of oppression; I see a glimmer of hope.
The Secret of Secrets and the DNA Shift (Video & Blog)
Check this out here and share with your loved ones!!! Most of you are all wondering what will happen on December 21st, 2012. This here…
Department of Homeland Security, And Many Other’s Gearing Up With Ammo. For What?
I’ve been hearing the rumors all summer long, especially from an article in the latest catalog from ToolsForFreedom.com that the Department of Homeland Security (DHS) is getting…
Please Everyone, Check Out These Websites & Help Stop The NDAA!!!
If anyone is in the united Stated of America, this is important information we all need to keep up on. It is critical that everyone…
World War 3 coming soon, but why though? (Video)
This is an amazing video that explains why World War 3 is coming soon. Hopefully peace will happen, and we must all hope. This video…
This Is What The Police State Vehicles Look Like (Video)
Have a quick look in this short 4 minute video of what the Department of Homeland Security is letting out onto American soil. This is…
Don’t Talk To Police & 10 Rules For Dealing With Police (Videos)
This first (1st) video is a class that was recorded with a law school professor and former criminal defense attorney tells you why you should…
Know anyone (or any corporation) that has committed any acts of genocide lately???
How about Wal-Mart and their GMO corn products that contain ‘insecticides’ that They just recently placed on the shelves??? Or how about the Federal Emergency…
Federal Government sets up Sovereign Freemen, and Calls “Demostic Terrorists?” See for yourself…
Okay, so I was browsing a few sources this morning for something and I have come across this: apparently the US Government would like to…
Federal Judge opposed to the NDAA being used to detain innocent Americans
This video is a little old, back from May 17th, 2012. Please watch the video’s above, and let us have a discussion in the comments…
Executor Estate
Many of you are interested in the Executor Estate for the use in discharge of debt. Please see the following link for an organization that…
Downfall of Medical Freedom Foretold by Forefathers
n 1776, Dr. Benjamin Rush, a signer of the Declaration of Independence, foretold a grim scenario that has now taken shape right before our eyes.…
BANKING REGULATIONS FEDERAL RESERVE BOARD REGULATIONS
Found a great site for reference for banking law and banking information. This is a must for easy reference while writing documents!! Banking Regulations Quick…
How to deal with a ticket, quickly.
Now, if you were truly “sovereign”, you wouldn’t need this. Nor would you need to discharge or A4V any of it. The revenue racket known…
Foreclosure Fraud
Keep fighting girl, hope this helps. Thank you SadInAmerica. This is intended for information purposes only…..not intended as legal advice. 1) The Fair Debt Collection…
Land Patent/Allodial Title. A little more to digest.
In the American system of law, People have substantive rights (common law rights) that existed before, and are protected by the U.S. Constitution. Substantive rights,…