" 2008 December" Archives

Tom I.

December 20, 2008

The house is great, we are about to mail out our first payment – only 359 to go! Ha HA I DEFINATELY will be telling anyone looking for a mortgage to give you a call.

Posted by Terrence Askew | Filed Under Testimonials | Comments Off

Sarah and I wanted to take the opportunity to thank you once again for your hard work and getting our loan pushed through quickly and with no problems. Anytime you or your company need a reference, you can count on Sarah and me. We will definitely be calling you first when we get ready to [...]

Posted by Terrence Askew | Filed Under Testimonials | Comments Off

Understanding an Appraisal

December 20, 2008

I thought you might find this information on appraisals to be helpful. An appraisal is an unbiased assessment of your home by a professional real estate appraiser. It establishes the current market value of the home you are financing and determines the quality and condition of the home. The appraiser compares your property to several [...]

Posted by Terrence Askew | Filed Under Mortgages | Comments Off

What is a Good Faith Estimate?

December 20, 2008

The Good Faith Estimate or GFE is an estimate of all the costs involved in purchasing or refinancing your property. Some items may vary depending on the title company your loan is closing at, the date it is closing, the size & type of property and other facts that are not known at this time. [...]

Posted by Terrence Askew | Filed Under Buying, Mortgages, Refinance | Comments Off

Nashville Home Loan: Quick Tips for Getting Started on Your Refinance

December 20, 2008

When you refinance your existing mortgage, you are essentially paying off the existing mortgage debt and replacing it with a new loan. Many of the same costs are involved in refinancing a loan as are in first-time financing.To start with, the lender will need personal information to verify employment for you and your co-borrower (if [...]

Posted by Terrence Askew | Filed Under Refinance | Comments Off

Nashville Home Loan: Home Purchase Basics

December 20, 2008

Congratulations on your decision to buy a new home in Nashville, Tennessee! There are many important things to consider throughout the process, especially if you’re a first-time homebuyer. Here’s some information that will keep you on track. In General…. A home purchase may be your largest financial transaction to date, so it’s important to make [...]

Posted by Terrence Askew | Filed Under Buying | Comments Off

Nashville Home Loan: Five Reasons to Refinance Your Mortgage

December 20, 2008

There is an old adage in the mortgage business that states that if you can improve your interest rate by at least one percentage point, then it is a good time to refinance. While that may work as a general rule of thumb, the truth is that there are many reasons to refinance. Here are [...]

Posted by Terrence Askew | Filed Under Refinance | Comments Off

What is APR – Annual Percentage Rate?

December 20, 2008

The annual percentage rate, or APR, is a measure used to determine the true cost of a loan. Instead of a bank or lender telling that your rate is 6.5% with fees of $8,000, they’ll just say the annual percentage rate is 6.87% with those fees included. The annual percentage rate was essentially created [...]

Posted by Terrence Askew | Filed Under Buying, Mortgages, Refinance | Comments Off

Nashville Home Loan: Why Buy a Home?

December 20, 2008

Why Own? Whether buying a home in Nashville TN or anywhere, there are many great reasons to own a home: You’ll have a place that is yours! – You’ll own it, have a place to raise your children and become a part of your community. You can pass your home down to your children, and [...]

Posted by Terrence Askew | Filed Under Buying | Comments Off

Understanding Your Credit

December 14, 2008

Although each credit reporting agency formats and reports this information differently, all credit reports contain basically the same categories of information. Your social security number, date of birth and employment information are used to identify you. These factors are not used in scoring. Updates to this information come from information you supply to lenders. Identifying [...]

Posted by Terrence Askew | Filed Under Buying, Mortgages, Refinance | Comments Off