Can a Credit-Builder Loan Help You Qualify for a Mortgage?
Opening a new loan may seem like a smart way to build credit before buying a home. A credit-builder loan…
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Bad Credit Mortgages | Credit Scores | Qualifying & Getting Pre-approved | Re-Establishing Credit | Videos
Lowest Credit Score Allowed For Mortgage Approvals
Many homebuyers worry that a low credit score will automatically stop them from qualifying for a home loan. The lowest…
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Compensating Factors | FHA Loans | Manual Underwriting | Mortgage After Bankruptcy and Foreclosure | Mortgage Processing And Underwriting | Qualifying & Getting Pre-approved | Re-Establishing Credit | Videos
Chapter 13 Cash-Out Refinance Guidelines During Repayment
According to VA and HUD Chapter 13 cash-out refinance guidelines, homeowners may be eligible for a cash-out refinance on an…
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Mortgage After Bankruptcy and Foreclosure | Bankruptcy | FHA Loans | Manual Underwriting | Mortgage Processing And Underwriting | Qualifying & Getting Pre-approved | VA Loans | Videos
Bankruptcy Dismissal versus Discharge Mortgage Guidelines
In this blog, we will cover and discuss the difference when qualifying for a mortgage after bankruptcy dismissal versus bankruptcy…
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NON-QM Loans | Conventional Loans | Qualifying & Getting Pre-approved | Self-Employed Borrowers | Videos
Non-QM versus Traditional Mortgage Loans
Non-QM versus Traditional Mortgage Loans: Which is Right for You? Finding your way through the complex array of mortgage choices…
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Mortgage Rates During the COVID-19 Pandemic
Mortgage rates during the COVID-19 pandemic changed quickly and did not affect every borrower the same way. National averages eventually…
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FHA Loans with 500 FICO Credit Score
HUD, the parent of FHA, allows borrowers down to a 500 credit score to qualify for an FHA loan. However, for borrowers with under a 580 credit score, a 10% down payment is required.
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Credit Scores | Mortgage Processing And Underwriting | Qualifying & Getting Pre-approved | Re-Establishing Credit | Videos
Impact of Credit Score Changes During Mortgage Process
This guide covers the impact of credit score changes during mortgage process and how it impacts borrowers. Credit Score Changes…
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Conventional Loans | FHA Loans | Home Improvement/Renovations | NON-QM Loans | Refinancing | Verification of Employment | Videos
Cash-Out Refinance Mortgage Guidelines on Home Loans
A cash-out refinance mortgage allows homeowners to use the value they’ve built up in their house. It means getting a…
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15-Year versus 30-Year Fixed-Rate Mortgages Comparison
This guide covers 15-year versus 30-year fixed rate mortgages on loan programs. All residential mortgage loan programs have amortized terms. …
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Income And Employment | Gaps In Employment | Mortgage Processing And Underwriting | Verification of Employment | Videos
Changing Jobs During Mortgage Approval Process
Changing Jobs During Mortgage Approval Process: What You Need to Know Changing jobs during mortgage approval process can be a…
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What is DU Automated Approval per AUS FINDINGS
In this blog, we will cover and discuss what is DU automated approval on the automated underwriting system. A sound…
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Income And Employment | No-Ratio Mortgage Loans | NON-QM Loans | Qualifying & Getting Pre-approved | Videos
1099-Income versus W-2 Income Mortgage Guidelines
1099-Income versus W-2 Income: How It Affects Your Mortgage Approval When applying for a mortgage, the type of income you…
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Conventional Loan After a Short Sale: Avoid Costly Delays
Many borrowers think a short sale means they cannot buy another home with a conventional loan. That is not always…
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Automated Underwriting System | FHA Loans | Home Mortgages | Manual Underwriting | Mortgage Denial | Mortgage Lender Overlays | Mortgage Processing And Underwriting | Videos
Applying for Mortgage with Another Lender When Denied
In this article, we will cover and discuss applying for mortgage with another lender when denied by the original lender….
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Home Mortgages | Conventional Loans | FHA Loans | First Time Home Buyers | Qualifying & Getting Pre-approved | Videos
How Do I Qualify for a Mortgage and Get Approved
This guide covers the frequently asked question how I qualify for a mortgage loan and get approved. Mortgage lenders do…
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Buyer Solutions to Multiple Offers on Home Purchase
Best Buyer Solutions to Multiple Offers on Home Purchase This guide covers buyers solutions to multiple offers on home purchase….
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Ready to Buy? Start Preparing for a Mortgage in Illinois Now
Preparing for a Mortgage in Illinois: Step-by-Step Guide for Homebuyers Buying a home is one of the biggest financial decisions…
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FHA Loans | Manual Underwriting | Mortgage After Bankruptcy and Foreclosure | NON-QM Loans | USDA Loans | VA Loans | Videos
Mortgage After Bankruptcy and Foreclosure
This guide covers mortgage after bankruptcy and foreclosure. If you’ve been through bankruptcy or foreclosure, you might feel like owning…
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Self-Employed Mortgage Loans When Banks Say No
Most guidelines require lenders to average the most recent two years of income to qualify applicants. Some programs allow borrowers with newer businesses if they have experience
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Reestablishing Credit After Bankruptcy for Mortgage Loan Approval
This guide covers reestablishing credit after bankruptcy and your step-by-step guide to homeownership. Going through bankruptcy is tough, but it…
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How to Get Approved for a Home Mortgage with Bad Credit
This guide covers qualifying for a home mortgage with bad credit. One of the frequently asked questions by our clients…
