How Solid Is Your Pre-Approval For Home Purchase Mortgage
This guide covers how solid is your pre-approval for a home purchase mortgage. A mortgage pre-approval letter means that a…
Mortgage Refinance Costs Can Be Paid With Lender Credit
Lenders can cover borrowers’ mortgage refinance costs with a lender, credit in lieu of a higher mortgage rate to the…
Interest Rate Buydowns With Seller Concessions on Purchase
This guide covers interest rate buydowns with seller concessions on purchases. Interest Rate Buydowns are when borrowers pay DISCOUNT POINTSto…
Advice Selling Home Fast By Real Estate Professionals
This guide covers tips and advice selling home fast by real estate professionals. Many homebuyers have an existing home and…
Chapter 13 Versus Chapter 7 Bankruptcy Mortgage Guidelines
In this blog, we will cover and discuss the mortgage guidelines Chapter 13 versus Chapter 7 Bankruptcy. Homebuyers qualifying for…
FHA Bankruptcy Waiting Periods After Chapters 7 And 13
This article is about FHA Bankruptcy waiting periods after Chapters 7 and 13. FHA Bankruptcy wqiting period requirements were release…
Buying or Refinancing After Forbearance Mortgage Guidelines
This BREAKING NEWS covers buying or refinancing after forbearance mortgage guidelines. Buying or refinancing after forbearance is a major concern…
How Underwriters View Overdrafts in Bank Statements
Most mortgage lenders typically disapprove of overdrafts in bank statements. The presence of overdrafts in bank statements is viewed negatively…
How Credit Card Balance Affect Debt-To-Income Ratio
This guide covers how credit card balance affect debt-to-income ratio for mortgage borrowers. We will discuss the negative impact how…
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…
Doctor and Medical Professional Mortgage Loans
Unlock Your Dream Home with Doctor and Medical Professional Mortgage Loans Are you a medical professional dreaming of buying your…
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…
