Frequently Asked Questions
Here are some of the questions we asked most often. Click on the link to see the answer. Please call me if you have any other questions.
I am currently renting, how do I determine if I can afford to buy?
To determine if it makes financial sense to buy, compare the cost of renting to the [...]
Search Foreclosures for Free
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Were you aware that Prospect Mortgage is the leader in REO (foreclosure) Financing in the nation? We already have over 150,000 quality REO properties through our preferred lender relationships with American Home Servicing, Inc., Indymac Federal Bank and [...]
Rethinking Remodeling
They’re also investing in improvements to make their homes more energy-efficient, according to a recent home remodeling and repair report by ServiceMagic.com. Others are splurging on hot tubs and home theaters after realizing that they may be in their homes for some years to come — and want to make them as comfortable as possible.
Housing Affordability Study
The average two-bedroom apartment became less affordable in 2008, compared with 2007, in all of the Florida metropolitan areas studied in the report “Paycheck to Paycheck: Wages and the Cost of Housing in America,” by the Center for Housing Policy.
Economic Update 05/12/09
On Monday, May 4, the Commerce Department reported total construction spending increased 0.3% in March. It was the best result since September 2008, and ended five months of consecutive decline. Economists had expected spending to drop 1.5%….
Save Before You Buy
Saving money is a very important step in home ownership. You will need money for several different needs during the process. Money in the bank will also show those making decisions on your loan that you have established a level of responsibility with your income, that you aren’t living paycheck-to-paycheck. It will prove to you that you don’t have to spend every dime you get….
Renting vs. Buying
Buying a home will probably be the most important purchase of your life, and the process can be intimidating. We are here to make it easy for you. This page outlines some of the basics you may want to know before getting started. Everyone has to start somewhere and now just may be your time.
First Time Home-buyer Tips 101
Tips for the First-Time Home-buyer
Educate Yourself
Become familiar with the home buying process. You can do this fairly inexpensively by picking up easily understandable books such as Home Buying For Dummies. Also look for local free first-time home-buyer seminars in your area.
Mortgage Loan Charlotte - Document Checklist
The loan process is all about documentation. The underwriters usually get the blame for asking for all of this info but its really the guidlines that need to be met. The underwriter is only following the rules and trying to prepare your loan for acceptance and funding on the secondary market. Here is a basic [...]
The Art of Active Listening
Listening carefully to those closest to you will bring you much success and power. Sound like a fortune cookie? Maybe, but this token of wisdom is what separates good sales people from the great. Mastering the art of active listening will help you nurture your customer relationships, build trust with new clients and ultimately help to grow sales…
