Since WW II, the federal government has provided a mortgage loan benefit for those who have served in the U.S. armed forces called VA Loans. Originated under the GI Bill, this program is generally referred to as a VA (Veteran’s Administration) loan. It has several advantages over other loan programs and has its own unique […]
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With interest rates again touching on 70+year lows, many homeowners are considering refinancing. Mark Wells at Preferred Financial addresses the often-asked question of whether a 15-year mortgage is better than a 30-year mortgage.
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Each week Mark Wells at Preferred Financial receives calls from parents wanting to help a child, or another family member buy a house. Inevitably, the question of co-signing comes up. Here are the most asked questions he receives in regard to that issue.
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At Preferred Financial Services, Mark Wells often receives questions regarding how real estate title can be held. Here, he addresses questions about Trusts, corporations, and LLC’s.
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Closing on a purchase or refinance loan involves a number different services. The anticipated charges for these services initially appear on your Good Faith Estimate at the time you apply for your loan, and the actual charges appear on your HUD-1 settlement statement at closing. Here, Mark Wells at Preferred Financial Services, provides definitions of […]
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