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Millennium Mortgage: exceeding YOUR expectations

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Buyers Overestimate Mortgage Requirements

According to Realtor Magazine, sixty-five percent of recent survey respondents feel home ownership is a dream come true or an accomplishment to be proud of. But when it comes to achieving that dream, many consumers may sit on the sidelines because they’re overestimating what it takes to make it come true. Many consumers have misperceptions […]

The Importance of Full Disclosure on Mortgage Apps

Recently, The New York Times  wrote an article on mortgage application full disclosure. Mortgage lenders have good reason to require borrowers to specify whether they intend to live in a house they are financing. “If it’s not your primary residence, the chance of you defaulting is very high versus your primary residence, where you’re living […]

New Mortgage Lending Rules Coming August 1

          The latest changes — effective Aug. 1 — involve new forms and notification timelines that make the home-buying process more transparent. However, they also are expected to make 45-day closings the new norm experts say mortgage experts. Currently, when buyers seek a loan to buy a house, they are provided […]

How to make an interesting offer

          According to Business Insider, in Portland’s hot real estate market where some homes are getting dozens of offers and bidding wars have sent prices skyrocketing, one buyer found a way to stand out among the rest: Offer free pizza every month for life. Donna DiNicola, owner of DiNicola’s Italian Restaurant […]

Some real estate tips

A recent NY Post article had some suprising tips. Looking to buy a home? It’s better to be on a “Way” than a “Street,” pick a female real-estate agent and try to be close to a Starbucks. That’s the advice of Spencer Rascoff, CEO of Zillow.com, who collected statistics from his site’s database of 110 […]

Save Money on Your Mortgage

          Marketwatch had a very informative article on how you can shave years of payments off your mortgage just by paying your mortgage on a bi-weekly basis instead of just once a month. Just don’t let anybody offer to “help” you with your bi-weekly plan for a fee, and don’t use […]