VA Credit Dispute Guidelines for Disputed Accounts
A VA credit dispute does not automatically disqualify a borrower from getting a VA loan. VA does not have a…
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Homebuyers Buying Homes in the Suburbs: Costs, Benefits, and Mortgage Considerations
Data Show More Homebuyers Buying Homes In The Suburbs And Fleeing City Life. More city dwellers are fleeing the city and buying homes in the suburbs due to the high crime rate in the city due to the Black Lives Matter Movement and incompetent politicians.
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Fannie Mae-Freddie Mac Charge-Off Guidelines On Conventional Loans
Can you get a conventional loan with charge-offs? The Fannie Mae-Freddie Mac charge-off guidelines do not automatically require every non-mortgage…
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Job Stability for Mortgage Approval: What Lenders Actually Review
How important is job stability for mortgage approval? The importance of job stability in mortgage approval comes from a lender’s…
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How Credit Scores Impact DTI When Applying for a Mortgage
Understanding how credit scores impact DTI starts with one important fact: your credit score does not change the mathematical calculation…
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High-Balance Mortgage Loans
High-balance mortgage loans help qualified borrowers finance more expensive homes, but FHA, VA, and conforming programs define “high balance” differently….
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Home Appraisal Process Timeline: How Long It Takes and What Happens Next
The home appraisal process timeline is often one to two weeks from the lender placing the order to receiving the…
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Career Opportunities/Loan Officer Training | Home Mortgages | Home Purchase | Real Estate Topic | Videos
Real Estate Referral Agent for Homebuyers | Gustan Cho
Real Estate Referral Agent for Homebuyers: Find the Right Buyer’s Agent This guide will cover the preferred real estate referral…
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How Property Taxes Can Determine Buying Power on Homes
How Property Taxes Can Determine Buying Power When Buying a Home When people are looking to buy a home, they…
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Dual Licensed Realtor MLO: What Homebuyers Need to Know
Can one person be your realtor and MLO? Yes, an individual can possess both a real estate and a mortgage…
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How Unsecured Credit Card Approval Works After Bankruptcy
Is getting an unsecured credit card after bankruptcy possible? Yes, you may qualify for an unsecured credit card after bankruptcy,…
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Understanding Insurance for Homebuyers and Homeowners
Homebuyers may encounter several types of insurance during the mortgage process, each serving a different purpose. Homeowners insurance protects your…
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APR Versus Interest Rate Quoted By Mortgage Lenders
The interest rate is the cost of borrowing the loan principal. It directly affects your monthly principal-and-interest payment. The annual…
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Direct Versus Correspondent Lender: Key Differences
Direct and correspondent lenders can both originate, process, close, and fund mortgage loans. A direct lender typically funds the mortgage…
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UPDATED 2-to-4 Unit Fannie Mae Multi-Family Mortgage
Changes to 2-to-4 Unit Fannie Mae Multi-Family Mortgage Guidelines This manual addresses the modifications in down payment and self-sufficiency for…
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How Does the Federal Reserve Affect Mortgage Rates
How does the Federal Reserve affect mortgage rates? The Fed does not set mortgage rates directly. It manages short-term monetary…
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How to Get the Lowest Mortgage Rates on Home Loans
Getting the lowest mortgage rate is not just about calling lenders and asking for today’s rate. The best mortgage pricing…
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Documents Needed for a Mortgage: A Simple Buyer’s Checklist
Buying a home involves paperwork, and it can be frustrating when your lender asks for additional documents after you have…
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Buying Townhouse versus Single-Family Homes
More and more homebuyers are gravitating towards a townhome purchase versus a single-family home during today’s booming housing market
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Why Mortgage Rates Are Rising And What It Means For Buyers
A higher mortgage rate can change a buyer’s entire home search. Even a 1% increase can add hundreds of dollars…
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NON-QM Loans | Bank Statement Loans | Mortgage Processing And Underwriting | No-Ratio Mortgage Loans | Profit and Loss Statement Only Mortgages | Self-Employed Borrowers | Videos
Non-QM Loans for Self-Employed Borrowers
Non-QM Loans for Self-Employed Borrowers: Qualification Guide This article will cover qualifying for non-QM loans for self-employed borrowers’ home purchases…
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Home Mortgages | Credit Scores | Mortgage Processing And Underwriting | Mortgage Rates | Qualifying & Getting Pre-approved | Videos
Lender versus Borrower Paid Mortgage Transactions
In this guide, we will discuss lender versus borrower paid mortgage transactions. Mortgage brokers can often opt to go with…
