Common Credit Score Questions
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Common Credit Score Questions From First-Time Homebuyers

ByAli Posted on

This guide covers common credit score questions from first-time homebuyers. What does a “good credit or good FICO” really mean One of the most important achievements in life (amongst many others) is to build a good credit history and thus achieve a respectable FICO score right? We all work very hard in life, day in…

Late Mortgage Payment in the Past 12 Months Lending Guidelines
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Late Mortgage Payment in the Past 12 Months Lending Guidelines

ByAli Posted on

This guide covers qualifying for a home loan with a late mortgage payment in the past 12 months. Qualifying for a home loan with a late mortgage payment in the past twelve months can become a hurdle but not impossible. Read on folks. You can have prior bad credit, outstanding collections and charged-offs, repossessions, or…

How Holidays Affects The Mortgage Process
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How Holidays Affect The Mortgage Process and Closings

ByAli Posted on

This guide covers how holidays affect the mortgage process and can delay home closings. As the holidays come around our lives get very hectic. If you are in the process of obtaining a mortgage loan, you may have realized the process does slow down around the holidays. The support staff at mortgage companies are human…

How Credit Repair Works During Mortgage Process
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How Credit Repair Works During The Mortgage Process

ByAli Posted on

This guide covers how credit repair works during the mortgage process. A substantial percentage of my borrowers are folks who had previous credit issues, prior bankruptcies, foreclosures, a deed in lieu, or short sales and have overcome the financial issues and are now ready to purchase a home.  HUD, the parent of FHA, does not…

Manual Underwriting DTI Guidelines
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Manual Underwriting DTI Guidelines For FHA and VA Loans

ByAli Posted on

This guide covers manual underwriting DTI guidelines on FHA and VA loans. HUD and the Veterans Administration are the only two mortgage agencies that allow manual underwriting on home loans. Debt-to-income ratios is one of the most important factors when it comes to qualifying for a mortgage loan. Every mortgage loan program has its own…