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Shilo Zitting's Blog


Important Credit Report Do's And Dont's When Qualifying for a Home Loan
Updated Oct. 9, 2013
I have seen it happen at the closing table. Home Buyers have been approved for a home loan, found the perfect home, and decided to go shopping for all new furniture on credit before closing on their new home.. Or as another example....... A couple is refinancing their home mortgage and decides to go out and finance a brand new...
Getting The Best Rate On A Jumbo Mortgage
Updated Oct. 9, 2013
A Jumbo Mortgage. A jumbo mortgage is classified as jumbo simply because it goes over and above the conforming loan limits in Utah. Jumbo mortgage programs are also referred to as non-conforming mortgages or a high-risk loan, simply because the loan amount is rather large and it has a higher interest rate. These...
Refinancing a Jumbo Mortgage
Updated Oct. 9, 2013
If you buy apparel from "big and tall" clothing stores, you're used to paying more and having less to choose from. "Regular guys," on the other hand, benefit from a wider selection of products and more competition between retailers.Jumbo mortgage refinancing is the same way -- a jumbo loan is harder to find...
Ready to build your dream home?
Updated Oct. 9, 2013
In todays market many people are leery of buying a home let alone building a new home, but let me assure you that it is actually a great time to build. Contractors are doing work for much less than they used to, there is plenty of lots on the market for great prices (REO owned included) and I have the financing options...
What to expect from your Real Estate Agent, Broker and YOU
Updated Oct. 9, 2013
There are many important things to consider throughout the process of buying a home, especially if you're a first-time homebuyer. Here's some information that will keep you on track.In General..... A home purchase may be your largest financial transaction to date, so it's important to make the...
Is it worth it to buy a short sale?
Updated Oct. 9, 2013
Many U.S. real estate markets are flooded with short sales and, according to the National Association of Realtors, that number is only expected to increase in the near future. So if you're in the market for a new home, there's a good possibility that you'll fall in love with a home that's...
Buying a home is more affordable than renting
Updated Oct. 9, 2013
Over the past five days all the hub bub on the street has been the eternal question in real estate: Should I buy or rent?. The answer has never been clearer: Buy.. In 98 of the top 100 housing markets, buying a home is more affordable than renting, according to the online real estate company Trulia. Only Honolulu and San...
10 Things You Should Not Do When Buying A Home
Updated Oct. 9, 2013
Even when you have great credit, there are things you can do to make lenders think twice about approving your mortgage loan.. Most people focus on the initial credit check when applying for a mortgage loan, but that's only the pre-approval stage; as underwriters scrutinize your history they'll ask...
Don't Let Your Credit Score STRESS You Out.
Updated Oct. 9, 2013
There have always been 4 main pillars to mortgage lending:1.The Property2.Income3.Down Payment / Equity4.Credit. Credit has always been the one area that stresses people out the most because of two simple factors....they don't always understand it and they have no control over how it is reported! People...
Why an Escrow Account?
Updated Oct. 9, 2013
If your property is destroyed by a fire, the lender will have lost his collateral. Also if your taxes are left unpaid, your state can foreclose on your property in order to obtain payment and the lender could lose his collateral. Because of that the lender wants to make sure your insurance premium and property taxes...
Top 5 Refinancing Tips
Updated Oct. 9, 2013
In the refinance world, there are good loan officers and bad ones. Choose a bad one and the results could be disastrous. Let these 5 tips help you sort out the good from the bad.. 1. Scrutinize your Good Faith Estimate (GFE) If you don't know what should be on the GFE, find out because that's what you'll be...
3 Small Tips To Building Your Emergency Fund
Updated Oct. 9, 2013
An emergency fund is the foundation of financial security. But whether you're an I-Banker or starving artist, it's never easy to sacrifice daily expenses now to build that emergency fund for later.. We all want to save that extra cash each month, and unless you want to move back in with mom and dad,...
Why Pre-qualification Is Your First Step To Buying A Home.
Updated Oct. 9, 2013
Once you've made the decision to purchase a home, I recommend you get pre-qualified for a home loan as soon as possible. Pre-qualification is a quick but very important step you should take before making any offers.. Why?. Pre-qualification serves two primary purposes:oIt demonstrates to both you (and to...
4 ways to find out if you're financially fit to buy a home.
Updated Oct. 9, 2013
To score the best mortgage deal, it's important that your finances are in top shape. This is especially true for first-time homebuyers. They may have a more limited financial history, and could receive a higher interest rate as a result.So how do you know when you are in a position to purchase a home? Kiplinger...
What to do if you are rejected for a home loan.
Updated Oct. 9, 2013
In the wake of the housing market collapse, some mortgage lenders became much stricter about who received lines of credit. However, you should not fret if a lender rejects your application at first. Instead, use the chance to bolster your financial standing and try again.According to a report from the Wall Street...
How to get a Mortgage if his credit is bad and hers is good??
Updated Oct. 9, 2013
Ready to buy a home with the one you love? Got good credit? What about your sweetheart? If not, getting a mortgage may be difficult, not to mention a strain on your relationship. First, you must understand how mortgage lenders view joint mortgage applications (whether you're married or not). Then, take...
Is a 15 year mortgage right for you?
Updated Oct. 9, 2013
If you're thinking of buying your first home, in addition to worrying about having enough room to stash your partner's abundance of stuff, you're probably wondering whether a 15- or 30-year mortgage loan is right for you. Both offer advantages and disadvantages, and which one is better will...
"ONE MORTGAGE BROKER, UNLIMITED MORTGAGE SOLUTIONS."
Updated Oct. 9, 2013
What are the chances that one bank will have the mortgage solution that is right for you ? I have access to all of the % rates and mortgage products from over 30 lenders/banks/credit unions, including your own. I work for you, not one bank. Call today and allow me to be the mortgage broker with your best interest in mind.. .
62+ Years of Age?
Updated Oct. 9, 2013
Have you recently considered a Reverse mortgage? Or interested in learning about the product?Here are some options to review when considering a reverse mortgage... .... 1. Must be 62 yrs of age to begin. 2.Reverse mortgages are non-recourse: you are not personally liable (beyond the collateral pledged) to the lender in...
UNLIMITED Mortgage Solutions
Updated Oct. 9, 2013
Trouble with low credit fico scores?I have options for you!. Interested in refinancing?I can help you refinance your home with a credit fico down to as low as a 500 credit score!!!. Considering a new home purchase? Now qualify with a lower credit score down to a 560 fico!. Are you in need of credit repair? I have a...

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