Category Archives: New Borrower

Great Information that Every New Borrower should Know

Mortgage Mistakes that can Stop You Cold – What Underwriters Hate

Posted on December 29, 2014 by Tim

ShareTweet Tim Halladay talks about major mistakes borrowers make that can stop them in their tracks! Part 1 – 28 minutes Part 2 28 Minutes Every lender needs to know you are qualified.  Underwriting guidelines are designed to verify your Credit, Income, … Continue reading →

Posted in Financing, New Borrower, Real Estate | Tagged Let Victory Funding of Malta, NY in Saratoga County help you find the best loan program for you and with the lowest interest rate. | Leave a comment

Documents to Take to Your Mortgage Appointment

Posted on December 29, 2014 by Tim

ShareTweet Your lender will need some basic documents to begin the process.  Do your best to provide these and your process will be smooth.  All the documents fall into three basic categories; income, assets and credit. Income documents 1.  Most recent … Continue reading →

Posted in Financing, Free Tips, New Borrower | Tagged Buy Real Estate, Creative financing, education, Living Well Realty, Malta, mortgage broker, Saratoga Springs, tips, Victory Funding | Leave a comment

Found Money – Buy More House!

Posted on March 28, 2014 by Tim

ShareTweet Everybody knows you can write off your mortgage interest and property taxes, but few people understand what that means when it comes to your monthly income. If you purchase a home with a $200,000 mortgage at 4.75% interest you … Continue reading →

Posted in Financing, Free Tips, New Borrower, Real Estate | Tagged albany, education, financing, Global Foundries, Living Well Realty, Malta, Real Estate Investing, Real Estate Investor, Saratoga, Victory Funding | Leave a comment

Holy C.O.W.! [Cost of Waiting] In Today’s Market!

Posted on November 22, 2013 by Tim

ShareTweet $30,000 is NOT chump change!  However, that is what you could be giving up if you wait ONE YEAR to buy a piece of property.  That’s right $30,000!  Here’s the math… If interest rates go up 1% and property … Continue reading →

Posted in Financing, Free Tips, New Borrower | Tagged buyer, education, financing, real estate, tips | Leave a comment

Big Changes to 100% USDA Financing!

Posted on July 28, 2013 by Tim

ShareTweet As of October 1st 2013 the USDA eligible housing map will change!  If your loan is not approved at USDA before that date there is a good chance it will not fund! If you are a Real Estate Professional … Continue reading →

Posted in Financing, New Borrower | Tagged 100% Financing, albany, financing, Living Well Realty, Loan programs, low interest rates, Malta, mortgage broker, Mortgages, Saratoga, Saratoga Springs, schenectady, troy, USDA Loans, Victory Funding | Leave a comment

The Problem with Cash

Posted on September 22, 2012 by Tim

ShareTweet New federal laws require every lender to document every dollar that moves into your account to thwart money laundering and assist the feds to catch the bad guys.  What in the world, you may ask, does that have to … Continue reading →

Posted in Financing, Free Tips, New Borrower | Tagged Cash deposits, closing costs., down payments, loans, Mortgages, originate, purchase, refinance, reserves | Leave a comment

What Documentation Will I Need?

Posted on May 12, 2012 by Tim

ShareTweet It’s never “good enough” for me to know WHAT I need to provide to someone, I need to know WHY I’m providing it.  Everyone’s situation is different, so the documentation may look different for every borrower.  Let’s break it … Continue reading →

Posted in Financing, Free Tips, New Borrower | Tagged advice, best interest rate, documentation, FHA, Low rates, Mortgages, real estate, What to bring | Leave a comment

Do I Really Need Title Insurance?

Posted on April 22, 2012 by Tim

ShareTweet Borrowers ask me this question all the time. The resounding answer is maybe. First let’s talk about what it is and what it does. Title insurance insures the beneficiary that no liens exist except those specifically mentioned and detailed … Continue reading →

Posted in Free Tips, New Borrower, Real Estate | Tagged foreclosure, insurance, investing, Morgage, real estate., title insurance | Leave a comment

It’s Just Math

Posted on January 22, 2012 by Tim

ShareTweet How do I choose an interest Rate?  First, it important to know that every rate offered for a specific product has a cost attached to it.  That cost is usually expressed as a number above or below 100.  For … Continue reading →

Posted in Financing, Free Tips, New Borrower, Real Estate | Tagged how to choose your interest rate., interest rate, lender credit, yield spread premium | Leave a comment

How Important is YOUR Credit?

Posted on August 5, 2011 by Tim

ShareTweet Great credit allows you to participate in lending programs that are otherwise unavailable.  Construction loans, for example may require a 700 credit score.  Investment real estate loans require up to a 740 credit score by some lenders. Without at … Continue reading →

Posted in Financing, Free Tips, New Borrower | Tagged best interest rate, buyer, buying, Credit report, real estate | Leave a comment