CCAR News
Know Your Financing Options/Outcomes for Taking Cash Out of an Existing Property
Know Your Financing Options/Outcomes for Taking Cash Out of an Existing Property By Tracy Walden (NMLS 1048123), Great Western Home Loans, and Member, CCAR’s REALTOR®/Lender Committee There are so many reasons for getting a cash-out refinance and many different types of loans. Reasons to get a cash-out might include: Adding a pool or doing some…
Read MoreBank Statement Loans and How They Benefit Your Clientele
Bank Statement Loans and How They Benefit Your Clientele By Dawn Ferreiro (NMLS 514152), Service First Mortgage and Member, CCAR’s REALTOR®/Lender Committee One of the most common reasons that self-employed borrowers are unable to obtain mortgage financing is due to the nature of their tax returns, and specifically how much they are able to write-off…
Read MoreHow to Close Smoothly During Peak Purchase Season
How to Close Smoothly During Peak Purchase Season By Jake Perry (NMLS #231682), Fairway Independent Mortgage Corporation and Member, CCAR’s REALTOR®/Lender Committee The time between May and September is typically the busiest time of year for Americans buying and selling homes. Some mortgage companies experience delays in underwriting that can lead to delays in loans…
Read MoreWhat is a Residential Service Contract (Home Warranty)?
What is a Residential Service Contract (Home Warranty)? By Howard Zimmerman, Dallas Area Rep – Choice Home Warranty and Member – CCAR’s Affiliate Committee What is a Residential Service Contract (home warranty)? A Residential Service Contract (RSC) is a service policy that offers to repair or replace the major mechanical systems and appliances in a…
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