Can Homeowners Be on Title But Not on Mortgage
The primary emphasis of this blog centers around the waiting period obligations that individuals face after foreclosure, specifically those on…
Mortgage Processing And Underwriting | Income And Employment | Qualifying & Getting Pre-approved | Videos
How Underwriters Analyze Bank Statements of Borrowers
This article delves into how underwriters analyze bank statements of borrowers. When individuals seek a mortgage loan, underwriters deem 60…
FHA DTI Ratios on Manual Underwrites Mortgage Guidelines
This article will delve into the mortgage guidelines for FHA DTI ratios on manual underwrites. The key distinction between manual…
Payment Shock From Paying Rent To New Mortgage Payments
In this blog, we will discuss payment shock from paying rent as a renter to paying a mortgage as a…
QC Review Prior Clear To Close During Mortgage Process
In this blog, we will be covering the QC Review Prior Clear To Close During Mortgage Process by some mortgage…
HUD Guidelines For Gift Funds on FHA Loans
This article will delve into the HUD guidelines for gift funds in the context of home purchase transactions involving Federal…
What Happens If Homeowners Have Job Loss After Mortgage Closing
This article delves into the implications and potential challenges homeowners may face in the unfortunate event of a job loss…
Mortgage During and After Divorce on Purchase and Refinance
In this blog, we will cover and discuss qualifying for a mortgage during and after divorce on purchase and refinance…
Manual Underwriting | Mortgage After Bankruptcy and Foreclosure | Mortgage Processing And Underwriting | 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…
Part-Time Income To Full-Time Income Mortgage Guidelines
There are strict rules regarding the part-time income to full-time income mortgage guidelines. For part-time income to be used, borrowers…
What is an FHA Case Number on FHA Home Loans
This blog will cover and discuss the FHA case number on new FHA mortgage applications. We will also discuss transfers…
Jumbo Loan vs Conventional Loan Comparison | Rates and LTV
In this article, we will cover and discuss the comparison between jumbo loan vs conventional loan programs and the…
FHA Loans | High Debt To Income Ratio | Mortgage Lender Overlays | Mortgage Processing And Underwriting | Videos
Overlays on Debt To Income Ratio on FHA Loans
This guide covers overlays on debt-to-income ratio on FHA loans. Homebuyers who got issued pre-approval from a mortgage loan originator…
Eliminating FHA Mortgage Insurance Premium
This guide covers eliminating FHA mortgage insurance premium by refinancing FNMA. Borrowers taking out an FHA insurance mortgage loan, besides…
Conventional Loan Waiting Period After Deed-in-Lieu
The conventional loan waiting period after deed-in-lieu of foreclosure and short sale of four years is shorter than the 7-year…
Lender Overlays on Credit Tradelines By Underwriters
This guide covers lender overlays on credit tradelines by mortgage underwriters. Do all mortgage companies have lender overlays on credit…
Debt-To-Income Ratio Limit To Qualify For Mortgage Loan
This GUIDE covers debt-to-income ratio limit to qualify for a mortgage loan. Home loans and debt-to-income ratio limit. Every mortgage…
Mortgage Rates on NON-QM Loans and No-Doc Mortgages
This guide covers mortgage rates on non-QM loans and no-doc mortgages. Current Home Mortgage Rates after the election of President…
Increase Credit Scores Before Applying For Mortgage
This guide covers how to increase credit scores before applying for mortgage. Consumer credit report and credit scores are probably the most…
Home Loan With Job Offer Letter For New Employment
In this blog, we will discuss and cover qualifying for home loan with job offer letter. One of the frequently…
Profit and Loss Statement Only Mortgage Loans
In this article, we will cover qualifying for the Profit and Loss Statement Only Mortgage Loans with no-income verification and…
Self-Employed Mortgage Loans to Buy Homes
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
