Money and Success

Surviving the Credit Crisis

Karen Simpson-Hankins,CTACC

Surviving the Credit Crisis – Questions and Answers for Today’s Savvy Home Buyer!

Join me today for another episode of “Ask Karen” where I dedicate the entire show to answering your questions. We’ve been getting a ton of questions from Facebook, LinkedIn, and my blog and I’m sure we’ve got the answers that you’ve been looking for!

The topics we will be covering today include:

· What is a full-documented loan?

· When does it make sense to refinance?

· What is a conforming loan?

· What is the difference between a pre-approval and a pre-qualification?

· What are the other types of loans?

· What is a Good Faith Estimate?

· What is a rate lock?

· What is a jumbo loan?

· Will I save money going to my local bank?

· What is the difference between a mortgage broker, mortgage lender, or a bank when is coming to home loan products?

If you would like to ask a question for next month’s show, please email me or you can ask me on Face book, even in a private message, if you’re looking for an answer right away. If you are starting the home buying process now, there are 9 critical questions that you should always ask a lender. If you need to do some work on your finances before you’re ready to buy, I invite you to check out my other home buyer education programs located here!