Author Archives for Eric Khan

About Eric Khan

Eric Khan is a Senior Mortgage Banker licensed in 23 states. Eric has been in the mortgage industry for over 10 years, and can be contacted by phone at 203-783-4593 or by email at [email protected] NMLS# 184348.

All You Need to Know About Rapid Rescore

January 28, 2016 4:08 pm Published by 4 Comments

Upon first hearing about Rapid Rescore, you might be quick to lump it with all those other credit fix companies vying for your attention. However, Rapid Rescore is not just another company–it is actually a service provided by mortgage lenders and brokers. It is designed to help you improve your credit score within a very... View Article

Should You Buy a House That Has Illegal Renovations?

December 2, 2015 4:43 pm Published by Leave your thoughts

Looking for a new home is an exciting undertaking, but there are many things you should consider carefully. If the home you’re falling in love with has had improvements, you look into whether or not those improvements were permitted. Here’s why: How Do Renovations Get Completed Without Permits? There are several ways that a home could... View Article

What Happens When You Die With a Mortgage?

November 20, 2015 4:59 pm Published by Leave your thoughts

Dying with a mortgage on your house has the potential to cause trouble for your heirs. For example, they might want to keep the house but can’t afford the monthly payments. They could end up having to sell it, or your lender might foreclose on the house. Fortunately, a little planning goes a long way... View Article

First Time Homebuyer? Try Your State Housing Authority

First Time Homebuyer? Try Your State Housing Authority

November 11, 2015 5:00 pm Published by Leave your thoughts

One of the best kept secrets about mortgages is the great deals that home buyers—especially first time home buyers—can get on a mortgage from their state housing finance authority. In fact, according to a national survey last year by NeighborWorks America 70% of U.S. adults are unaware of down-payment assistance programs available for middle-income homebuyers... View Article

how to close your mortgage like a pro

How to Close Your Mortgage Like a Pro

November 5, 2015 12:18 pm Published by Leave your thoughts

Finalizing a deal and closing your mortgage can come with plenty of obstacles, especially if it’s your first time. In some cases, major setbacks can arise that result in delays and unnecessary stress. However, understanding common complications and preparing yourself ahead of time should make your closing go through without a hitch. Go Over Your... View Article

How to Move and Not Lose Your Mind

October 27, 2015 4:52 pm Published by Leave your thoughts

Each year on average about 40 million people purchase a new home. While the home buying process is exciting, there’s one part of it that nobody enjoys: moving. While it’s unlikely the moving process will ever become something people look forward to, if you follow the advice below, you’ll at least have your sanity at the end... View Article

Refinancing Redux: What Happens the Second Time Around?

Refinancing Redux: What Happens the Second Time Around?

September 28, 2015 3:33 pm Published by Leave your thoughts

Given persistent low-interest rates, some homeowners are asking if it’s worth it to refinance a second time before rates creep back up. Counting all types of refinances, Freddie Mac, the government-sponsored mortgage outfit, says the average loan refinanced in the first quarter of 2015 was about 5.6 years old, and homeowners cashed out a total... View Article

how to prepare for a mortgage

How to Prepare for a Mortgage

August 26, 2015 5:11 pm Published by Leave your thoughts

Sure, you would love to own your home. You’re definitely tired of renting, but before making the leap to home ownership, there’s one question you will need to ask and answer: how much house can I afford? Here are some basic tips to pin down the elusive answers concerning mortgage options, down payments, and budgeting... View Article