Name

Name

Wendy R. Boggs

Personal details

Location

Rochelle Park, NJ

Web

http://www.helpfulhomebuyersphilly.com/

Short Bio

Whittle down existing debts and steer clear of new debts as you seek your mortgage loan. The lower your debt, the better your mortgage rate will be. A lot of debt could cause your loan to be denied. Having too much debt can also cause the rates to be higher on any loans offered to you, too. Programs designed to make home ownership more affordable give you the possibility to apply for another mortgage, even if your assets cover the value of your home. In the past it was next to impossible to refinance, but this program makes it much easier to do so. Check into it to see if it benefits your situation through bettering your credit position and lowering your mortgage payments. What do you do if the appraisal does not reflect the sales price? There are limited options; however, don't give up hope. You can dispute the appraisal and ask for a second opinion; however, you will need to pay for the appraisal out of your pocket at the time of the appraisal. When financing a house, giving a large down payment will result in a lower mortgage rate. This is due to the fact that a big down payment will reduce your loan to value ratio. When the loan to value ratio gets lower, the interest rates become more favorable for the home buyer.

History

Member for

7 years 10 months