Third-Party Search By Mortgage Lenders
This guide covers about the third-party search by mortgage lenders during the underwriting process. Mortgage lenders will pull three credit…
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Why Do Lenders Need Credit Reports and Scores
In this blog, we will cover why lenders need credit reports and credit scores to get borrowers a mortgage loan…
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Mortgage After Bankruptcy and Foreclosure | Manual Underwriting | Qualifying & Getting Pre-approved | 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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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…
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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…
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Interest Rate Buydowns With Seller Concessions on Purchase
Interest Rate Buydowns are when borrowers pay DISCOUNT POINTS to buy down interest rates. Borrowers with great credit and a…
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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…
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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…
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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…
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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…
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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…
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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…
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Mortgage Rates After Bankruptcy
This guide covers mortgage rates after bankruptcy on government and conventional loans. There are loan level pricing adjustments (LLPA) charged…
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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…
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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…
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Home Mortgage After Forbearance Agency Guidelines
This guide covers qualifying for a home mortgage after forbearance. Borrowers can qualify for a home mortgage after forbearance. The…
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First Payment After Closing For Mortgage Loan Borrowers
This guide covers the first payment after closing for mortgage loan borrowers. One of the most common questions new homebuyers…
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Mortgage Rates and Terms versus Credit Scores and LTV
This guide covers mortgage rates and terms compared to credit scores and loan-to-value. Homebuyers planning on buying a home should…
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DTI Overlays Required By Lenders on Home Loans
This guide covers the DTI overlays lenders require on government and conventional loans. DTI overlays are imposed on home mortgage…
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Credit Scores Required For FHA and VA Loans
This guide covers the credit scores required for FHA and VA loans. Many borrowers are confused about the credit scores…
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Verified Funds For Home Closing Prior To Clear-To-Close
This guide covers verified funds for home closing before clear-to-close. Failure to provide verified funds for home closing before clear-to-close…
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Recovery of Housing Market and Mortgage Guidelines
This guide covers the recovery of housing market and updates new mortgage guidelines and loan programs. Many of us remember…
