Travel Insurance: What It Covers, Costs, and Common Exclusions
Travel insurance can help cover eligible losses if an unforeseen event disrupts your trip. The benefits available will vary by…
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Home Improvement Projects That Add Value to Your Home
Home improvement projects that add value are generally those that address worn features, improve the property’s day-to-day functionality, or fix…
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Remote Wage-Earner Mortgage Guidelines: How Lenders Verify Remote Employment
Yes. A remote W-2 employee may qualify for a mortgage, including when buying a primary residence in another state. In…
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Exempt Debts of Co-Signed Loans: How Mortgage Lenders Exclude Payments From DTI
A co-signed loan payment may be excluded from your mortgage debt-to-income (DTI) ratio when the applicable loan program’s requirements are…
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Two FHA Loans Due to Expanding Family Size: HUD Guidelines and 75% LTV Rule
Can I qualify for two FHA loans due to expanding family size? Yes, you may qualify for two FHA loans…
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California FHA 203(k) Loans: Requirements, Limits, and Renovation Rules
California FHA 203(k) loans allow eligible buyers to finance a home purchase and approved renovations with a single FHA-insured mortgage….
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Defaulted Student Loans and Mortgage Approval: FHA, VA, USDA, and Conventional
Borrowers cannot qualify for a mortgage with defaulted federal student loans until the student loans are out of default.
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Closing a Mortgage Under LLC: Loan Options and Transfer Rules
Is closing a mortgage under LLC possible? An LLC can get a mortgage if the loan program allows business entities…
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How Do Mortgage Lenders View Charge-Offs When Applying for a Home Loan?
How do mortgage lenders view charge-offs? Unpaid charge-offs not related to a mortgage typically won’t prevent you from getting a…
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The Role Of The Loan Officer Assistant In Mortgage Process
The role of the loan officer assistant is to help organize and manage your mortgage file to ensure a smooth…
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Declining and Irregular Income: How Mortgage Underwriters Calculate Qualifying Income
Irregular income may be eligible for a mortgage if a reliable monthly income history can be demonstrated. Income that is…
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Mortgage Processing And Underwriting | Income And Employment | Qualifying & Getting Pre-approved | Videos
How Underwriters Analyze Bank Statements for Mortgage Approval
How underwriters analyze bank statements comes down to one main question: are the funds in the account acceptable, documented, and…
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FHA Guidelines on Mortgage After Loan Modification: Purchase and Refinance Rules
A prior loan modification does not automatically prevent FHA approval. FHA guidelines on mortgage after loan modification depend on the…
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Buying a House Near an Apartment Community: Property Value, Financing, and Buyer Checks
Buying a house near an apartment community does not automatically lower its value or prevent mortgage approval. What matters is…
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Refinance Mortgage When House Is Still Listed for Sale: What Lenders Require
You may be able to apply for a refinance mortgage when house is still listed for sale, but the listing…
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Mortgage Payment Shock: Can You Qualify With a Higher Payment?
Quick answer: What is mortgage payment shock? Mortgage payment shock means your new monthly housing payment is higher than what…
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TSAHC DPA Mortgage: Texas Requirements and Assistance Options
A TSAHC DPA mortgage can help eligible Texas homebuyers pay their down payment and allowable closing costs. Assistance ranges from…
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Home Loan With Job Offer Letter: Mortgage Guidelines Before You Start Work
Yes, qualified borrowers may get a home loan with job offer letter before starting work or receiving their first paycheck….
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Maximum Debt-to-Income Ratios for AUS Approval by Loan Program
Maximum debt-to-income ratios for AUS approval vary by mortgage program. An automated underwriting system (AUS) evaluates the submitted loan information…
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FHA Loans With Child Support Payments Mortgage Guidelines
FHA loans with child support payments are possible whether you receive child support or pay it. If you receive child…
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Extenuating Circumstances Guidelines for Mortgage Approval After Financial Hardship
Many agency guidelines list extenuating circumstances as reasons for getting qualified for a mortgage when otherwise they would not qualify. However, borrowers need to understand
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Mortgage Guidelines Versus Overlays: Why One Lender May Approve You and Another Won’t
Mortgage guidelines versus overlays come down to who sets the requirement. Mortgage guidelines are the basic rules established by agencies…
