Mayer Dallal's Profile
Mayer Dallal's articles
Have you ever wondered what you would do if you held the winning lottery ticket in your hand? If you work hard like I do you would probably want to take a vacation, but many dream of new cars and new homes. If you love the home you have, you would probably want to pay it off. The American Dream is not only to have a home, but own it outright.
Posted: 2010-07-08
Category: Real Estate
Depending on who your mortgage professional is, there is a quick FHA loan process. I personally have tons of experience with FHA, so I can get things done a lot faster but for those who don’t work with them enough this can be a problem. Following the proper steps can make things a lot easier, but if you don’t know what they are, then this articles is intended to help you figure them out.
Posted: 2010-07-05
Category: Real Estate
Owning a home is the American dream, but mortgages are not necessarily a part of what we truly desire. It has been said that “home is where you hang your hat”, and while that is true you don’t want to have to worry about financing your home. I don’t know anyone who has paid cash for a home, so mortgages are an absolute in life.
Posted: 2010-07-05
Category: Real Estate
After watching all of what is going on, I am disturbed that not more has been said about fixing your credit. My passion in life is to help families live out their "American Dream", and be stable in life and in their finances. This cannot happen when one has poor credit, and I believe that the demise of our country is the financial status of our country today. Not only is our government in debt, but it's a rash, spreading to every family and business. This has to end, and it has to end now.
Posted: 2010-06-29
Category: Real Estate
With all the talk of the economy, it makes you wonder what really happened. Ultimately, it was everyone's fault; the banks and the consumer. The banks offered products they knew they shouldn't have, and the consumer took loans they knew they couldn't really afford. So now, in the fray of what's happening there is danger lurking with too many low credit scores. Some may now have scores so low, that there isn't anything the banks can do for them; this includes getting an FHA loan.
Posted: 2010-06-29
Category: Real Estate
Bad credit can really mess up your life, and if you need any reassurance that it can, you can ask hundreds of folks that I have had to turn away over the past nineteen years that I have been in this business. It is sad but true, and the only way to recover is to take the time to sit down and address it.
Posted: 2010-06-27
Category: Real Estate
The mechanics of an FHA loan are simple; common sense underwriting and good credit make the perfect marriage. An FHA loan can be a refinance or a home purchase loan. Anyone can take out a loan with FHA if they are refinancing, even if their current loan isn’t an FHA product. FHA is also great for first-time home buyers but anyone should take a look at getting an FHA loan for several reasons.
Posted: 2010-06-27
Category: Real Estate
To get the best FHA mortgage rates and programs, it is best to do your shopping from one lender to another on the same day. Rates are always going to fluctuate with the market, and FHA has had many changes to their programs so you have to do your research before you take a loan out.
Posted: 2010-06-25
Category: Real Estate
Everyday consumers are bombarded with media about the mortgage industry, and getting an FHA loan. The media comes in the way of television commercials, radio commercials, billboards, newspapers, magazines, electronic media and so much more. So, with the information overload we get, do we really know what an FHA mortgage is? Or, is it just a term we hear all the time that we just think sounds good?
Posted: 2010-06-25
Category: Real Estate
FHA employment requirements are simple, and they are just the same as any lender would want to see on your application for your home loan. Employment is absolutely a necessary part of the mortgage loan process. Your income is a direct link to your ability to repay, so there is no point in not being truthful about your job time.
Posted: 2010-06-23
Category: Real Estate
The largest payment that you have out of all of your monthly obligations is going to be your mortgage payment. It’s important that you are able to manage it and that it’s doing for you what you need it to. FHA focuses on ways to make your home loans more beneficial and do your loan in a way that makes sense for both of you. This is why there is a lot of talk on FHA’s EEM Program.
Posted: 2010-06-23
Category: Real Estate
Many of you known that there was a short sale boom that occurred in January of 2009, and in order to slow things down there are some changes to the short sale process in 2010. These changes are not negative, but they are designed to create balance for the lender and the homeowner.
Posted: 2010-06-22
Category: Real Estate
Short sale buyers, or those that are looking for a short sale do so because they are hoping to find a great deal on a house. You need to make a mental note of this when you are looking through listings, and when you suspect that you are looking at a home that seems too low of a price, make sure you ask your agent outright if the home is in a short sale.
Posted: 2010-06-22
Category: Real Estate
Short sales and foreclosures can be a waiting game for everyone; the home owner, the buyer, the lender, and even the real estate agent. The challenge is, in the year 2010 we are seeing so more of them and everyone is feeling the impact. So, what does this all mean?
Posted: 2010-06-17
Category: Real Estate
The short sale boom of 2010 was no surprise, and our country started off the year with more than 29% of sales ending as a short sale. It may not sound like a lot, but the number is going back up from when it actually decreased in July of 2009.
Posted: 2010-06-17
Category: Mortgages
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