Spencer Llewellyn founded Loans101 in 2008 and is a regular contributor to several financial publishing entities. Spencer's background as a loan officer originating mortgages across America shaped a comprehensive knowledge of the loan origination process including mortgage regulations, real estate transactions, personal credit reporting, housing market trends and monetary policy. Spencer has been cited in various publications including U.S. News and World Report, CBS News, Yahoo Finance and the Yahoo home page.
Spencer attended college at Embry-Riddle Aeronautical University and is also an FAA-certified Airline Transport Pilot and Flight Instructor.
Once you’ve contacted your lender to apply for a mortgage, they will request certain documentation from you to verify to insure you meet the loan requirements for the program. Documentation that’s commonly required includes the following: Read More
When you hear the term “closing costs”, it generally refers to a group of fees that must be paid during the settlement process. FHA Mortgage Closing Costs can include such things as lender origination fees, attorney fees, appraisal and inspection fees and more. Read More
While there are many recent studies that now indicate it’s much more affordable to buy a home than rent a home, there’s a few ongoing factors that keep a large percentage of American locked out Read More
When a homeowner receives a notice of foreclosure, it’s not unusual to pack up and move out as quickly as possible. That hasty decision may not be wise however, because many unforeseen complications can occur Read More
Getting a home appraisal is always an important part of buying a home and a requirement for getting a mortgage. Major changes have taken place during the last decade to the way appraisals are ordered and performed. Read More