In Part 1 of our series, we discussed income and the documentation you’ll need for your lender. You can read Part 1 here: 5 Things to Know Before You Apply for a Mortgage
In Part 2, we’ll discuss documenting your cash assets for the down payment, closing costs, and reserves (the money you have left over after settlement [...]
Everyone has heard that mortgage underwriting has gotten tougher and that, as a result, it’s harder and harder to qualify for a mortgage and to get through the mortgage process. Today, lenders scrutinize every detail of a borrower’s loan application and if you are not prepared for this extra scrutiny the experience can be frustrating and [...]
HO-6 Insurance – what’s that? When you purchase a condo unit, the entire project is typically covered by a “master” hazard insurance policy. Your condo or HOA dues include your pro-rate share of the cost of this master insurance which covers the common elements, fixtures, buildings and equipment beloning to the HOA. So, if the [...]
Did you know Prosperity Mortgage can offer you and your clients many different options as to when and how they would like to pay their mortgage?
Unlike most other loan servicers, we do not charge borrowers for this service. Your buyers can save thousands of dollars over the life of their loan by using several of [...]
LOCAL MARKET ACTIVITY REPORT 2011
First Quarter Housing STATS for Sussex County
compiled from SCAOR MLS
Here are some of the general sales statistics fromt he Sussex County MLS and sent out recently by the Sussex County Association of Realtors. Single Family home sales are much stronger than the 1st quarter last year in terms of both sales volume [...]
