David Fruge's (biggdave1) Blog

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Mortgage and Lending - PREMIER NATIONWIDE LENDING, LAKE CHARLES LA.
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Before lenders make the decision to give you a loan, they want to know if you are willing and able to pay back that mortgage. To assess your ability to pay back the loan, they assess your INCOME AND DEBT RATIO. In order to assess your willingness to repay the loan, they look at your credit score...
06/16/2011
estimate of the value of property, usually required when a property is sold, financed, condemned, taxed, insured, or partitioned. An appraisal is not a determination of value. Three approaches are used. To produce an accurate resale price for a residence, appraisers compare the price of the prope...
05/31/2011
IT'S IN YOUR INTEREST TO CONTACT A SURVEYOR IF :   You are Selling Property You may have to provide your buyer with an up-to-date survey of your property in order to: Give your buyer confidence in the purchase Allow your buyer to register the transaction at the County Clerk's office Enable your ...
05/31/2011
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One of the more effective measures in roof maintenance is frequent roofinspection. This comprehensive inspection should be undertaken by an experienced professional roofing contractor, or a licensed home inspector. Generally, a roof inspection is carried out with a visual inspection of all aspec...
05/31/2011
Merely a handful of people who buy homes for the first ask for the sewers to be thoroughly checked before finalizing the deal with the seller. Getting a thorough checking of the sewers is not something that is on the top of the buyers' priority list. Rather it is an important piece of detail tha...
05/31/2011
There is new bill introduced in congress on thursday to raise the down payment requirments. Currently FHA requires 3.5% and the bill is looking to raise the limit to 5%.  This is proposed by Congressman Scott Garratte, also calls to eliminate the FHA financing the closing cost....   post your com...
05/24/2011
Calcasieu Parish Public Trust Authority offers the Mortgage Credit Certificate Program that returns 30% of Mortgage Interest in the form of a direct dollar-for-dollar INCOME TAX CREDIT   The MCC Program returns 30% of the mortgage interest back in the form of a direct, dollar-for-dollar income t...
05/17/2011
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When buying or selling a home, a common misconception is that the best way to save money is to avoid using a REALTOR®. Just the opposite can be true, however. Often, using a REALTOR® can actually save you money. How it works when buying a home If you are buying a home, there really is no benefit...
05/17/2011
Why should I get a termite inspection?Inspecting for signs of termites isn't a hit or miss proposition.  Sometimes the signals are impossible for the untrained eye to detect.  And almost always they are in places that are very difficult to reach.Every inch of the building that comes in contact wi...
05/17/2011
Why Get a Home Inspection If you are selling a home, youll get the highest price in the shortest time, if your home is in top condition. Almost all sales contracts include the condition that the contract is contingent upon completion of a satisfactory inspection. This is known as the inspection ...
05/17/2011
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