Victoria Spannaus's (victoriaspannaus) Blog

GAIN BUYING LEVERAGE WITH A PRE-APPROVED MORTGAGE               Imagine how excited you would be if you were selling your house and a buyer offered to pay cash.  Now imagine that you are the buyer making an offer on your dream home, and the seller perceives you as a cash buyer.  But the truth is,...

HOW THE STOCK MARKET INFLUENCES MORTGAGE RATESVictoria Spannaus, Wachovia Mortgage CorporationDisregard the widely-believed myth that the Federal Reserve sets mortgage interest rates.  Mortgage rates are set by no one entity but are influenced by many economic forces, one of the most significant ...

Tapping Your 401(K) Plan For A Home PurchaseVictoria Spannaus-Wachovia Mortgage CorporationYou are ready to buy your first (or next) home but, despite your best efforts, you are short of the funds needed for down payment and closing costs. However, you have stashed money away aggressively in your...

Documents You Receive At ClosingBy Victoria Spannaus, Wachovia Mortgage CorporationAfter you have secured a mortgage loan and are ready to take possession of your new home, you go to a real estate settlement (or "closing"). The seller may or may not be present, but your Realtor likely will be the...

Tips To Save For Your Dream HomeBy Victoria Spannaus, Wachovia Mortgage Corporation A well-conceived financial plan can give you the motivation to save, but what about the actual discipline needed to put money aside for buying your dream home? Here are some tips to get you headed down the right p...

Make Trust Key To Your Lender PickBY Victoria Spannaus, Wachovia Mortgage CorporationIn a remarkable admission, the Federal Reserve Board (the Fed) and the U.S. Department of Housing and Urban Development (HUD) have reported to the U.S. Congress that key portions of the principal national consume...