Marc Edelstein

That Mortgage Banker Blog

Divorce Lending Series – Part Four – Mortgage Guidelines That Matter In Divorce

December 7, 2018 Marc Edelstein Michigan Divorce Lending 0 Comments

For a Certified Divorce Lender, one of the most important, if not the most important goal, is ensuring our clients housing goals are met, post-decree. In order to do so, a Certified Divorce Lender must be educated in the mortgage lending guidelines impacted by divorce. There are several impacted, but the three most common are: Contingent Liability A jointly obligated debt in which […]

Divorce Lending Series – Part Two – Maintaining Credit During Divorce

December 3, 2018 Marc Edelstein Michigan Divorce Lending 0 Comments

Maintaining your credit during divorce can sometimes be a challenge. However, understanding what impacts your credit score ahead of time can be very beneficial. Here are a few suggestions to help maintain your credit during the divorce. Communication between both parties can help avoid any miscommunication as to who is paying what bill Ask each […]

Divorce Lending Series – Part One – Timing Of Filing The Divorce Petition

November 30, 2018 Marc Edelstein Michigan Divorce Lending 0 Comments

The timing of filing a for divorce with the court has a direct impact on mortgage financing. When a divorce is filed, most mortgage lenders will require either a temporary settlement agreement or final divorce settlement agreement, also known as the final decree of divorce, in order to complete and close a new mortgage application and/or loan. […]

Should I Use A Family Member As My Realtor?

February 9, 2018 Marc Edelstein First Time Home Buyers, Michigan Mortgage Banker, Michigan Mortgage Lender, Oakland County Mortgage Banker, Uncategorized 0 Comments

Family is wonderful most of the time, but do you want them as your Realtor, helping you with what might be, the biggest purchase/sale of your lifetime? The short answer is, there is no right answer. Working with family can be great, but it also can be problematic. If you take into consideration the following steps when […]

So You Want to Buy Your First Home!

October 30, 2017 Marc Edelstein Uncategorized 0 Comments

Is it the “right time” to buy? I get a lot of questions about real estate and mortgages. For the most part they’re all great ones, but probably like you in your profession, I hear many of the same questions. One of the ones I get quite frequently is  “when is the right time to buy my first house?” […]

And We’re Back……….

September 28, 2017 Marc Edelstein FHA mortgages in Michigan, First Time Home Buyers, Michigan Mortgage Banker, Michigan Mortgage Lender, Mortgage News, Mortgage Preapproval, Mortgage Real Estate Market Review, Mortgage Refinancing, Mortgage Tips, Oakland County Mortgage Banker, Oakland County Real Estate, Uncategorized, Wayne County Mortgage Banker 0 Comments

So it’s been a while, but now “we are back from a commercial break”, as my good friend Ken Kellner says over a megaphone in his tiki bar every time someone new walks in. Why is this relevant, you may be asking yourself? Well, during my “commercial break” I honed my writing skills, educated myself on the virtues […]