You’ve finally found the house. It’s got all the rooms you need, there’s a beautiful backyard, and it’s perfect for you and your family. Now’s it’s time to make the sellers an offer. But how exactly do you do that? And what’s happens after you’ve made your offer? How does the process work? Don’t fret....
Although there are numerous people involved in the mortgage process, perhaps the most important individual is the loan originator. So, what exactly does a loan originator actually do? And how do you know you’re working with a good one? What does it mean to be a mortgage loan originator? A loan originator, sometimes referred to...
Also known as a home equity conversion mortgage (HECM), a reverse mortgage is a home loan program for homeowners 62 years of age or older. The loan allows the homeowner to convert their home equity into cash. Unlike other home loans, a reverse mortgage does not require monthly payments toward the mortgage itself. Although, the...
Jet Direct mortgage is proud to announce that we are now licensed in Tennessee. “This is an exciting step for us,” remarks CEO, Peter Pescatore. “We’re ready to start servicing home loans to The Volunteer State.” Jet Direct Mortgage is currently licensed in 16 states. For more on Jet Direct’s licensing information, click here. Mark...
United States citizens can expect an average tax refund of $3,143 this year, according the to the Internal Revenue Service (IRS). In 2018, United States citizens saw a slightly larger average tax refund of $3,436. Many view these tax refunds as ‘free money,’ which can be used to achieve greater objectives, such as purchasing a...
If you currently have a mortgage, chances are you’ve heard of refinancing. And if you’ve heard of refinancing, chances are you’ve heard a multitude of reasons why you shouldn’t refinance your mortgage. The truth is, refinancing isn’t for everyone. But it can have tremendous benefits, primarily lowering your interest rate. Therefore, it is important to...
The National Association for Business Economic recently released their Economic Policy Survey for February 2019, disclosing that an economic down period is on the horizon. The panelists suggest that if a recession doesn’t happen in 2019, then it will happen in the years to follow. Many other sources have been predicting a slow economic period...
What Exactly Does an Underwriter Do? Although you’ll most likely never meet them, the underwriter is probably the most important person in the home loan process. If you don’t get an underwriter’s approval, you don’t get a mortgage. It’s the underwriter’s job to look over the figures, double check the documentation, and confirm that you...
Self-employment is becoming a growing trend in the United States. Freshbooks predicts that by 2020, roughly 27 million United States residents will be leaving full-time jobs for independent, client based work. This will bring the total number of self-employed workers to about 42 million. Although there are numerous benefits to being self-employed, buying a home...
Despite being an integral part of the home buying process, getting a home appraisal isn’t typically something that home buyers are concerned with. To be honest, the home appraisal process isn’t all that alluring. But it is one of the most important aspects of the real estate market. Whether you’re buying a home, or selling...
