Mortgage Planning Archives - Page 3 of 3 - Chris Jordan Mortgage Team

Cancelling/Terminating Mortgage Insurance – The basics

May 12, 2017 CJMT

If you are thinking about taking out a mortgage with mortgage insurance, or you currently pay mortgage insurance, the following information might be useful. The Homeowners Protection Act of 1998 covers the rules of cancellation of mortgage insurance for primary residence, single family homes purchased on or…

Seller Credits / Lender Credits

January 2, 2017 CJMT No Comments

A seller credit is an agreed upon amount of money that the seller of a home will credit the buyer at settlement. This amount is negotiated for in a sales contract. The credit is then applied towards the buyers closing costs, prepaids and escrow costs…

Home Buyer Strategy Home Buyer Tips Misc Mortgage 101 Mortgage Planning Purchase

Get your contract accepted – Beat the competition

December 14, 2016 CJMT No Comments

Offering more than your competition, or removing contingencies has always been a way to beat the competition, but there are a few other things you can do to put yourself at an even greater advantage. Get pre-approved before you start looking at homes. Looking at…

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Cancelling/Terminating Mortgage Insurance – The basics

Seller Credits / Lender Credits

Get your contract accepted – Beat the competition

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