What Do Lenders Look in Bank Statements in Mortgage Process
This guide covers what do lenders look in bank statements during the mortgage process. Every mortgage lenders require borrowers to…
How To Write Letter of Explanations To Mortgage Underwriters
In this blog, we will cover how to write a letter of explanation to mortgage underwriters. Borrowers planning on…
Manual Underwriting Versus Automated Approval
This guide covers manual underwriting versus automated approval. There are two types of Automated Underwriting Systems (AUS): Fannie Mae’s Automated…
Mortgage Process Leading To Closing For Borrowers
This guide covers the mortgage process leading to closing for borrowers. The home buying and mortgage process leading to closing…
Fannie Mae Waiting Period After Deed-in-Lieu and Short Sale
This guide covers Fannie Mae waiting period after deed-in-lieu and short sale on conventional loans. Freddie Mac and Fannie Mae…
Mortgage Approval With 580 FICO Credit Score
This guide covers mortgage approval with 580 FICO credit score. The Federal Housing Administration, a subsidiary of the United States…
Freddie Mac Foreclosure Guidelines on Conventional Loans
This article covers Freddie Mac foreclosure guidelines on Conventional loans. Fannie Mae and Freddie Mac is the nations largest buyers…
Compensating Factors on Manual Underwriting
Mortgage Underwriters will require one or more compensating factors for borrowers with higher debt to income ratio on manual underwrites to offset the risk of the higher DTI.
Getting a Mortgage With Student Loans
This guide covers getting a mortgage with student loans with high debt-to-income ratio. Getting a mortgage with student loans can…
Refer-Eligible Per Automated Underwriting System Findings
This article will cover and discuss refer-eligible per automated underwriting system findings. All mortgage loan applicants need to go through…
VA Late Payment After Bankruptcy Guidelines on VA Loans
This guide covers VA late payment after bankruptcy mortgage guidelines on VA loans. VA loans were created and implemented to…
Mortgage Rates After Bankruptcy
This guide covers mortgage rates after bankruptcy on government and conventional loans. There are loan level pricing adjustments (LLPA) charged…
Mortgage Escrows Guidelines on Purchase and Refinance
This article covers mortgage escrows guidelines on purchase and refinance home loans. Homeowners are not just responsible for their principal…
How Long is a Pre-Approval Valid When Shopping For a Home
This guide cover how long is a pre-approval valid when shopping for a home. A pre-approval letter is a ticket…
How Credit Scores Affect Conventional Loans
This guide covers how credit scores affect conventional loans. Two of the most popular mortgage loan programs today are FHA…
Mortgage Process After The Conditional Approval
This guide covers the mortgage process after the conditional approval leading to a clear-to-close. The mortgage process after the conditional…
How To Cancel PMI on Conventional Loans For Homeowners
This guide covers how to cancel PMI on conventional loans for homeowners. Mortgage insurance is required on FHA, USDA, and…
The Importance of Debt-To-Income Ratio in Mortgages
This guide covers the importance of debt-to-income ratio in mortgages. Borrowers need to keep in mind the importance of debt-to-income…
Written Payment Agreements With Creditors
This guide covers setting up written payment agreements with creditors and collection agencies so you can qualify and get pre-approved…
VA Loans During Chapter 7 Versus 13 Bankruptcy
In this blog, we will cover and discuss the agency mortgage guidelines from the U.S. Department of Veterans Affairs for…
How To Qualify For Veteran Administration Loans
This guide covers how to qualify for veteran administration loans with bad credit. Veteran Administration loans, also referred to as…
