CJMT, Author at Chris Jordan Mortgage Team

Transferring Your Property into an LLC?

May 8, 2017 CJMT No Comments

Many clients over the years have asked about purchasing a home in the name of an LLC, or transferring their property into an LLC after they own it. This idea usually stems from them hearing from friends, relatives or advisers that putting their property into…

Home Buyer Tips Loan Origination Misc Mortgage 101 Purchase

Avoiding Mortgage Sabotage

April 25, 2017 CJMT No Comments

Home buyers are often not aware of how an innocent transaction such as making a credit card purchase or moving cash from one bank to another can jeopardize the mortgage approval process. Here are a few of the more common areas of concern that all…

Closing Costs Escrows Expert Advise Mortgage 101 Total Cash Required

Closing costs, escrows and prepaid expenses

April 14, 2017 CJMT No Comments

Closing Costs Explained Closing costs consist of all of the transactional costs that someone would pay when purchasing or refinancing a home. Overall, the costs are much lower during a refinance as many of the costs are not required. The closing costs could be categorized…

Loan Origination Misc Mortgage 101

Ever Wonder How Appraisers Determine an Appraised Value?

April 7, 2017 CJMT No Comments

I was able to get some very detailed insight from a local DMV appraiser and this is a synopsis of what they consider. Appraisers generally consider location first. They try to stay in same subdivision and/or natural boundaries. If there are not enough comps available…

Loan Origination Misc Mortgage 101 Purchase

How does your preapproval letter stand up to the competition?

April 5, 2017 CJMT No Comments

Being preapproved for a mortgage before making an offer on a home is a wise decision and it will give you a better chance of winning your offer, but not all preapproval letters are created equal. Who your lender is could make or break your…

Credit Tips Home Buyer Tips Loan Origination Mortgage 101

Credit 101 – do’s and don’ts

February 28, 2017 CJMT No Comments

Credit scores can range from 350-850 points, depending on which scoring model is used. Regardless of which scoring model is used, there are some universal steps that anyone can take to maintain or improve their credit scores. Since creditors use credit scores to determine credit…

Loan Origination Mortgage 101

WHICH MORTGAGE IS RIGHT FOR YOU?

February 28, 2017 CJMT No Comments

As a home buyer, you may have more options than you realize to finance your investment. Figuring out which loan suits your needs requires research. We will assess your situation and walk you through all of your options. However, it never hurts to have a head…

Home Buyer Tips Misc Mortgage 101

WHY IT’S IMPORTANT TO PRE-QUALIFY FOR A LOAN

February 28, 2017 CJMT No Comments

Growing up, most of us heard the words “be prepared”. Although it sounds ominous, this advice is applied to most aspects of life, including home buying. In order for the loan process to run smoothly, one of the smartest things to do is get pre-qualified…

Credit Tips Home Buyer Tips Mortgage 101

HOW CREDIT SCORES AFFECT MORTGAGE RATES

February 28, 2017 CJMT No Comments

Obtaining a low mortgage interest rate can help you save money on the price of your home. While many people try to compare lenders to secure the best possible rate, one of the main determinants of a mortgage rate is your credit score. Borrowers with…

Credit Tips Expert Advise Mortgage 101

Credit Checks & Inquiries

February 14, 2017 CJMT No Comments

Many people have been taught that you never pull your credit because your credit scores will drop, but that's really not true. There is a negative association with poor credit scores and credit inquiries that can easily be explained. Everyone knows that those who don't…

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