While qualifying for a mortgage refinance is generally a lot harder than it has been in the past, there are some options available. One such option is the Streamline Refinance… While guidelines and rules vary by… Read more "What Exactly IS a Streamline Refinance"
While most mortgage web sites offer a glossary containing hundreds of real estate and lending related terms, we wanted to highlight the top terms that most borrowers will hear several times throughout the approval and home… Read more "Top Mortgage Terms To Know"
Knowing what questions to ask your lender during or before the loan application process is essential for making your mortgage approval process as smooth as possible. Many borrowers fail to ask the right questions during the… Read more "Top 8 Things To Ask Your Lender During The Application Process"
Just how do an entirely approved loan have refused for financing following the debtor has approved loan docs? Simple, the underwriter brings an upgraded credit-report to confirm there has never been some fresh activity since first… Read more "Ten Credit Do’s and Don’ts To Bear In Mind Prior To Getting Your Mortgage Loan"
Just how much loan money could I be eligible to borrow? That is ordinarily the number 1 question mortgage professionals have been asked by new customers. Of critical importance when considering mortgage financing: There is sometimes… Read more "How Much Can I Afford?"
Knowing the definition of all loan to value (LTV), and the way that it affects a mortgage consent , can assist you to figure out what sort of loan amount and application you might be qualified… Read more "Calculating loan-to-value (LTV)"
As the Essential Rule of Thumb for credit history Is at the least four transaction outlines recorded in a credit file, you’ll find other procedures to build a credit score picture an underwriter may utilize to… Read more "Alternate Sources For Establishing Credit"
Though many creditors continue to be quoting quick 10-minute pre qualifications within the telephone or on the internet, a legitimate mortgage approval which holds some burden is the one that’s been issued by an underwriter who’s… Read more "Common Documents Required For A Mortgage Pre-Approval"
If obtaining a loan , a debtor’s”Occupancy Sort” is really a important element in the quantity of advance payment required, bank loan application available and mortgage rate of interest . Whether you’re purchasing, doing a rate/term… Read more "What’s The Difference Between A Single Family, Second Home and Investment Property?"
Debt-to-Income (DTI) is among many brand new mortgage-related terms most firsttime home-buyers are going to get accustomed for hearing. DTI is really a part of the mortgage approval process which measures a debtor’s Gross Monthly Earnings… Read more "What’s My Debt-to-Income (DTI) Ratio?"