Palm Beach Real Estate and Loans

Unless you are one of the lucky few that can pay 100% cash for your new Palm Beach Real Estate, you are going to need  financing.......

Today I'm going to begin a series of posts that are aimed at explaining the entire Mortgage process from beginning to end.

The funny thing is that it really ISN'T that complicated - it's just been made to seem that way by the more unscrupulous people in the business.  They have the need to make it seem like you're headed into some horrible haunted house - and only THEY can protect you!

There is another,  much easier way to protect yourself: BE INFORMED - that way no one can pull the wool over your eyes.

Knightlines Mortgage Services, LLC and myself have been successful by being what some people call 'transparent' - in other words, I don't hide anything.  Hey - it's YOUR money - you should know exactly what's going on.

Simple, isn't it?  To make my Palm Beach neighbors more comfortable with the entire loan process,  I'm going to discuss the following topics over the next few days:

• 'Pre-Qualification' vs 'Pre-Approval' - what are they, which do you want and why
• C.I.A. - Credit, Income and Assets - how these three things determine what you can and can not get
• Types of Mortgages - Fixed Rate, Adjustable Rate
• The Option ARM (this needs it's own write-up) 
•      Part I
•      Part II
• Rates, rates, rates.
• The paperwork - focusing on the Good Faith Estimate and the Truth In Lending Disclosure
• YSP or Yield Spread Premium - what is it and why do most Mortgage Brokers NOT want you to know about it!
• Closing

 As comments and questions come in, I will be adding to the list - in the meantime, please feel free to email me with any items that require immediate attention.

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