Tag: home loan

As we’ve mentioned during the last few weeks, the rise in the mortgage interest rates has caused a big drop in the number of mortgage loan applications. Some lenders are now chasing profits, trying to keep their net revenue the same while doing fewer deals. Many national lenders are chasing these profits by charging a

When purchasing a home, there are many rules and requirements a borrower must follow. Previously, we touched on the source of funds and laws that are designed to prohibit money laundering. Let’s expand on how lenders verify the funds in bank accounts and investment accounts. When funds to close a home loan are required, mortgage

When you’re getting ready to purchase a home and need funds for the down payment and closing costs, it’s important that borrowers follow the rules in mortgage lending. One important factor is the source of funds. Where did the funds for closing come from? Source of funds falls under the Federal anti-money laundering law. In

As consumers know, the feds are determined to raise interest rates beginning in March 2022 and have announced at least three more increases during 2022, in an effort to slow inflation. Mortgage rates are not directly tied to the feds raising interest rates and home loan rates look like they’ll settle somewhere in the low

mortgage lender

As we are seeing home mortgages and refinances at all-time highs, don’t be too quick to accept an offer from a national mortgage lender, without reading the small print. Most recently National lenders are attempting new tactics to entice homeowners with low rates and nearly impossible requirements to qualify. Not long ago a borrower came

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5501 Eagle Rock Ave NE, Bldg B
Albuquerque, NM 87113
Call: 505-836-5700
Fax 505-212-0633

NMLS #188348
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