Lorraine D'Auria-Hughes, Broker Associate

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  • Understanding Closing Costs

    Closing CostsThere are certain standard costs associated with closing the sale of a house. These fees are split between the buyer and the seller, as spelled out in the sales contract.Good Faith EstimateBuyers will receive a "Good Faith Estimate" of closing costs at the time the loan application is submitted to the lender.Standard Closing ...
    Posted to Lorraine D'Auria-Hughes (Weblog) by 248422 on November 3, 2008
  • FICO Sores - What they are and what they mean to you!

    Scoring your Credit - How's your FICO?In today's increasingly automated society, it should come as no surprise that when you apply for a mortgage, your ability to pay can be reduced to a single number. All the years you've been paying your mortgage, car payments, and credit card bills can be analyzed, sliced, diced, spindled and ...
    Posted to Lorraine D'Auria-Hughes (Weblog) by 248422 on November 3, 2008