Our Community Thoughts

Jessica · Last edited by Jessica on Tue Nov 08, 2005 12:58 am

Hi friends,

MortgageFit has always tried to serve the community at their best possible interest. Our community is committed to provide proper and experienced guidance towards the growth of mortgage industry. We are a growing community with our fellow members being common people, lenders and Mortgage Mentors. Here the members get the opportunity to interact with each other and resolve mortgage problems and related issues.

Through our forums, we have tried to build a community where common people can discuss their thoughts, problems and share their experience with others.

For our Mentors we have formed the Mentor Club where the mentors can get together and discuss on the development of mortgage industry with the aim to educate the common people on the industry changes. Our club comprises of common people who have secured a place as a mortgage mentor by taking active part in our forums.

We have introduced a unique system of offering mentor marks to each and every person who participates in the forum. Every participant gets the opportunity to qualify as a mortgage mentor on the basis of the mentor marks allotted to him.

Know more about earning Mentor Marks and becoming a member of our Mentor Club

Our community seeks to educate people on the aspects of mortgage and provides equal opportunity to each and every member so that they can come forward and give their best efforts towards further development of the community.

Thanks,
Jessica.

Guest

Hi

Can you kindly publish the estimates in good faith?

Also, I plan to buy a condominium in Colorado. I needed to know if I have to reside in that state particularly for it?

Thanks

Guest

Hi AngelEyes,

I think you can go ahead with your plan for Colorado. Earlier a Social Security Number was required by every citizen in the United States for obtaining a mortgage loan. But recently the laws have become more flexible allowing the immigrants to United States from some other country or people migrating from one state to another within the United States to take home loans. The taxpayer identification number issued by the Internal Revenue Service is sufficient enough to qualify for such loans. Non-profit organizations like the ACORN Housing in association with Citibank and small regional banks encourage in offering home loans to buyers having only taxpayer identification number. So, if you have the taxpayer identification number it should not be of much problem for you.

Regards

Samantha · Posted: Fri Sep 23, 2005 10:27 pm Post subject: RE

Hi, AngelEyes

Welcome to the Forums.

The main concept of the Good Faith Estimate (GFE) is exactly to provide the borrower with the information needed to shop for a loan effectively.

All the information on estimate in good faith can be found here,
http://www.mortgagefit.com/gfe.html

On that article you will also get the sample form which will give you a complete overview about the procedure and requirements.

To buy a condominium in Colorado, its not always necessary to reside in colorado but again you have to find a lender in your state who also has a broker licencing in colorado itself so that he can work for you effectively.

Thanks

For MortgageFit
Samantha

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