Lawsuit During Mortgage Process
This article covers the lawsuit question on a mortgage application and what to do if you’re in a lawsuit during…
How Mortgage Underwriters View Declining And Irregular Income?
In this blog, we will cover and discuss how mortgage underwriters view the declining and irregular income of borrowers. There…
How Property Taxes in Mortgage Qualification Affects DTI
This guide covers property taxes in mortgage qualification and how it affects debt-to-income ratios. For homebuyers, especially first-time home buyers,…
Past Due Versus Collection And Charge Off Accounts Mortgage Guidelines
In this blog, we will discuss and cover Past Due Versus Collection And Charge Off Accounts when qualifying and getting…
Yield Spread Premium Charged By Mortgage Brokers
Mortgage brokers are paid a commission, referred to as Yield Spread Premium Explained, from wholesale mortgage lenders or end lenders,…
How to Get a Mortgage With Short Employment History
A two-year employment history does not necessarily mean two consecutive years at the same job. You can have gaps in employment and/or multiple jobs in the most recent two years and still qualify for mortgage approval. In some cases, you can qualify for a mortgage with 12 months employment history.
Self-Employed Relocation Mortgage Guidelines And Challenges
In this article, we will cover and discuss Self-Employed Relocation Mortgage Guidelines. Three primary categories of residential mortgages cater to…
Acceptable Sources of Verifiable Funds for Closing
In this blog, we will cover and discuss the acceptable sources of verifiable funds for closing. With the majority of…
Qualifying For Conventional Loan After Foreclosure
Qualifying for a conventional loan after foreclosure presents more challenges than government loans. However, homebuyers can qualify for a conventional…
How To Obtain A Mortgage Broker License In Multiple States
This Article Is About How To Obtain A Mortgage Broker License In Multiple States Individuals who want to become mortgage…
NON-QM Loans After Bankruptcy With Bad Credit and Low FICO
Non-QM loans after bankruptcy and foreclosure allow homebuyers to purchase a home with no waiting period after bankruptcy and/or a…
Refinance Into FHA 203k Loan From an Existing Mortgage
In this blog, we will cover and discuss how to refinance into FHA 203k loan from an existing home mortgage….
Can I Buy a House With Derogatory Credit Tradelines
Homebuyers can buy a house and qualify for a mortgage with derogatory credit. Borrowers do not need perfect credit to…
What Is DU Automated Approval per AUS FINDINGS
In this blog, we will cover and discuss what is DU automated approval on the automated underwriting system. A sound…
FHA Guidelines on Late Payments After Bankruptcy
In this blog, we will cover and discuss FHA guidelines on late payments after bankruptcy. Borrowers are often confused with FHA…
How Do Mortgage Lenders View Charge-Offs
In this article, we will cover how do mortgage lenders view charge-offs. One of the frequently asked questions at Gustan…
EPM Empowered Down Payment Assistance Mortgage Program
This guide covers EPM Empowered down payment assistance mortgage programs. There are several types of down payment assistance mortgage programs…
Can Realtors Be Loan Officers at The Same Time?
Can Realtors Be Loan Officers at the Same Time? The answer is yes. GCA Mortgage Group is recruiting professional real estate agents with at least a one-year of loan origination experience.
FHA Loan With Judgment Mortgage Guidelines
This blog will discuss qualifying for an FHA loan with judgment mortgage guidelines and requirements. A Judgment is probably the…
Collection Accounts | Bad Credit Mortgages | Charge Off Accounts | FHA Loans | Mortgage Processing And Underwriting | Videos
How Underwriters View Collections on Mortgage Loans
HUD, the parent of FHA, does not require you to pay off the outstanding unpaid collection account balances in order to qualify for FHA Home Loans. However, FHA will count a percentage of any outstanding non-medical collection account balances.
Delegated Versus Nondelegated Mortgage Underwriting
This article is on delegated versus nondelegated mortgage underwriting by lenders. We will cover the main difference between delegated and…
