Mortgage Myth Busters

Have mortgage questions? Keep getting different answers? Ask a Mortgage Myth Buster

 

 

Mortgage Myth Busters Members

 

Have a mortgage question and keep getting conflicting answers and or information?  I get Trulia alerts for my state and about 70% of the time, there are both loan officers and or realtors answering mortgage questions that have misleading or completely wrong answers. It's not to say that any of us are perfect and or know it all... but I can say one thing, if I am not 100% sure, I seek the answer through the proper channels. Those channels would be my underwriters or the guidelines/manuals for such programs and or mortgage questions. With the mortgage industry changing more than ever before, one really needs to stay on top of this information.

 

 

Who are we?

Mortgage Myth Busters is a select group of mortgage professionals driven to share pertinent, accurate and relevant information. This information is provided to help both consumers and anyone in the real estate and mortgage industry. We are experienced, licensed loan officers from various companies across the country with over one hundred years of combined mortgage experience. Our purpose is to educate and assist the consumer in navigating the often confusing process of obtaining financing. It is our goal to dispel the confusion, myths, and lies that surround the real estate and mortgage industry.

 

 

Mortgage Questions

 

If you have any types of mortgage questions, either as a realtor or as a consumer, you can ask us here. (click the box above)  ~ Ask a Mortgage Question ~

 

 

Special Announcement : We want to Welcome Eleanor Thorne to our group as of late last night. Eleanor is a loan officer in Cary, NC and comes with 20+ years of experience. She also has her D.E. license, which is the delegated underwriter license. We will have a press release later today and a new post on Eleanor by the weekend.

 

 

Where can you find a Mortgage Myth Buster?

You can click the logo below which will lead you to our main site. You can also find us @ :

Facebook Fan Page - Mortgage Myth Busters

TwitterMortgage Myth Busters

LinkedIn mortgage questions group - Mortgage Questions & Discussion group

 

 

Mortgage Myth Busters

 

 

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Mortgage Myth Busters

 

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For more information on FHA loans, please go to this link. The FHA Expert

For important mortgage insight to watch for, please read : Consumers need to be aware of these Red Flags!

HUD

 

For information about FHA myths & FHA rumors, please read : FHA Myths & Rumors

 

Copyright © 2011 by Jeff Belonger of Infinity Home Mortgage Company, Inc

Comment balloon 12 commentsJeff Belonger • January 28 2011 09:53AM
Have mortgage questions? Keep getting different answers? Ask a…
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Mortgage Myth Busters Have a mortgage question and keep getting conflicting answers and or information? I get Trulia alerts for my state and about 70% of the time, there are both loan officers and or realtors… more
Who should I get my closing cost figures from prior to settlement?
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My Lawyer seems to be avoiding me when I ask for my total closing costs…. should I proceed with caution? I am all about transparency and making sure that I provide the correct answers. I know most of us want to be helpful, but… more
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FHA Loans vs Conventional Loans – Comparing 10 percent down – Part 1…
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Can I get a mortgage with less than 5% down and credit scores of 640? Yes, with a FHA loan you can and it would be cheaper than with a conventional mortgage. There are still rumors that FHA loans are more expensive. This is a… more
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With 2010 behind us, there are many tax related considerations for those fortunate enough to have bought last year. From property taxes to income taxes and even home buyer tax credits- purchasing a home can have a huge positive effect on your tax… more
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Many of us know that FHA raised their monthly mortgage insurance rates in October 2010. For the most part, this made FHA loans more expensive on a monthly basis once it went into effect. You can see the changes and see how it… more
I want that big house. But how much of a mortgage can I truly afford?
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It’s very easy to assume and or want something without always thinking it through. Emotions can play a role in your decision when purchasing a new home. But are you always asked the right questions or led down the right path?.. more
Loyalty - is it a given? is it expected?
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I am from the old school that a gentleman's handshake should be just as good as any contract. Isn't that were integrity and loyalty formulate from also? Well, the word loyalty has always struck me kind of funny ever since I got… more
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Trying to understand Credit Scores can seem to be complex at times, especially when there are so many so-called experts online and or credit repair companies. Trust me, I have sat next to loan officers in the past that just… more