Mortgage Articles - Provided by Ariel Feir, Real Estate Consultant, Orange County California, First Team Real Estate, Realtor

Mortgage Articles

		Debt-to-income Ratios
		Your Monthly Income - the way Lenders Figure it
		Your Maximum Monthly Mortgage Payment
		The Rest is Easy - Sort of

Your Down Payment Affects Everything Else

		Analyzing Your Savings - the First Step
		Mortgage Program Choices
		Shopping for Interest Rates
		Writing Your Offer
		Conclusion - Look at Your Savings First

Documenting Your Assets & Verifying Your Down Payment

		You can't just "come up" with the money
		Checking, Savings, & Money Market Accounts
		Stocks, Bonds, Mutual Funds, etc.
		Gifts from Family Member
		401K or Retirement Accounts
		Selling Personal Property
		Help from Employers
		Savings Bonds
		Borrowing to Come up with a Down Payment

Advantages of Different Types of Lenders

When Realtors or Builders Recommend a Lender

Things You Need When You Apply for a Home Loan

		"Alternate" Documention versus Full Traditional Documentation
		The Actual List of things you need to get a quick loan approval

Closing Costs When Buying or Refinancing a Home

		Introduction
		Lender Associated Costs - the "normal" ones
		Lender Associated Costs - the "other" ones
		Items Paid in Advance
		Impounds or Reserves
		Costs not Associated with the Lender
		Refinancing Associated Costs
		Asking the Seller to Pay Closing Costs - Advice and Rules

Mortgage Interest Rates - How it Works