Home sellers and buys benefit $$ from seller buy downs

Don't know what that is? It is a financial position that really works, really saves the seller a loss of income, the buyer real money in monthly savings and tens of thousands of dollars over the life of the loan - I can show you the real cost/save benefit ...

As a single woman do you have different financial needs than a single man?

As a single woman - of a certain age - I was under the impression that all people who worked in the financial industry - lending and investing were created equal - and as a newly single woman - I needed to listen to their advice. What I found, with the men I worked with was - they did not understand what I needed to know from them - which was everything! As a single woman - I can tell you that if you are seeking financial advice regarding - anything - but especially mortgage information - you owe it to yourself to make sure the person asks you the following questions - how long to you plan to stay in the property, what is going to happen to your income in the next 2 - 5 years, what is going to happen to your status - are you going to start a family? Are you going to have parents who might need extra care? Why - because if your largest debt - your mortgage is not one that meets all your needs - today and for the next 5 - 30 years - you will lose a great deal of money. How do I know this? Before I was in the industry - I had a mortgage that over an 8 year period cost me about 70,000 more than it should have - because my loan officer took the application information asked me what kind of loan I wanted - and did not take the time to ask me a single question about my future plans - and because I was sure this man was a professional - I took the advice - and the loan. I will do all I can to make sure this does not happen to you!

Why is it taking so long for my mortgage to be approved?

Because your debt will be sold to Freddie and or Fannie - the banks cannot afford to keep your mortgage debt - and the two major purchasers of your debt from Freddie and Fannie told the US government, if you want us to purchase your debt - you will guarantee our rate of return on the debt we purchase from you - no matter what. So if you default on your mortgage, the US government still must pay the people who purchased your mortgage debt. The US government can also require the bank - the originator of your mortgage - to buy back the mortgage debt if you default on it - the goal of the banks is to make a profit and sell their debt. The banks are making absolutely sure that your mortgage application and paperwork is in 100% compliance with the Federal Government Guidelines - so they never have to buy back your mortgage debt. It's not you, your paperwork or your mortgage broker, person - it's the economy!