FHA Loan Credit Guidelines Versus Lender Overlays
This Article Is About FHA Loan Credit Guidelines Versus Lender Overlays The U.S. Department of Housing and Urban Development (HUD),…
What Do Mortgage Lenders Want To See In A Borrower?
This Article Is About What Do Mortgage Lenders Want To See In A Borrower The number one concern lenders have…
Removing Negative Items To Qualify For Mortgage
This Article Is About Removing Negative Items To Qualify For Mortgage Gustan Cho Associates are experts in advising borrowers in…
Condo Versus Home Purchase Mortgage Guidelines
Condos are becoming very popular for millennials, young busy professionals, and the elderly. However, lending standards are tougher on condos versus single-family homes.
How To Prevent Mortgage Default With Loss Of Employment
This Article Is About How To Prevent Mortgage Default With Loss Of Employment Mortgage lenders will work with homeowners who…
HUD FHA 203k Renovation Guidelines On Home Improvement Loans
This ARTICLE On HUD FHA 203k Renovation Guidelines On Home Improvement Loans Home values are appreciating nationwide. Both HUD and…
Undisclosed Debt Guidelines On Government And Conventional Loans
Most undisclosed debts will be discovered by lenders during a third-party national search of public records.
Home Loan With High DTI And Bad Credit Guidelines
Most lenders have a debt to income ratio cap on government and conventional loans. Lenders need to meet the minimum debt to income ratio caps. However, lenders can have their own DTI caps which is lower than the agency guidelines as part of their DTI lender overlays
FHA Investor Overlays Versus HUD Agency Mortgage Guidelines
This Article Is About FHA Investor Overlays Versus HUD Agency Mortgage Guidelines: It is very important to understand the difference…
Qualifying For Home Loans With Deficiency Judgments
Homebuyers can qualify for a mortgage loan as long as they have a written payment agreement with the judgment creditor and have made three timely payments. Or they can negotiate a settled amount with the judgment creditor and pay it at or prior to closing.
Mortgage Rates Are Still At Historic Lows On Purchase And Refinance
This Article Is About Mortgage Rates Are Still At Historic Lows On Purchase And Refinance: The Dow Jones Industrials have…
HUD FHA 203h Mortgage Guidelines For Disaster Victims
This Article Is About HUD FHA 203h Mortgage Guidelines For Disaster Victims: Housing and Urban Development is the parent of…
Benefits of Buying Newer Homes Versus Older Homes
This Article Covers The Benefits of Buying Newer Homes Versus Older Homes: Buying a newer home, especially a new construction…
Rising Housing Market Advice For Home Buyers With Limited Budget
The housing market has skyrocketed where many homebuyers are priced out of buying a home. Many homebuyers are leaving their state to other states with affordable housing to realize their dream of homeownership become a reality.
Today’s Mortgage Rates and Lock Recommendation
Check here daily for mortgage rates and lock recommendations. You’ll see what economic data and financial reports are affecting today’s mortgage rates before choosing to lock or float your mortgage interest rate.
Alternative To Foreclosure When Cannot Afford Mortgage
This article covers options for homeowners on alternative to foreclosure when homeowners cannot afford mortgage payments: There are instances when…
First Mortgage Payment: When Is it Due?
When is your first mortgage payment due? Your first mortgage payment is due the first day of the first full…
Where Are the Lowest Property Tax Rates?
Even if you have a fixed-rate mortgage, your monthly mortgage payment can change over time. That’s because most lenders include property taxes and homeowners insurance in the monthly payment, and those elements can change over time. Property values increase and tax rates can too.
Protect Your Loan Closing by Avoiding These Mistakes
Borrowers should avoid these things during the mortgage process so their home loan closes on time. Certain things that may be innocent and unintentional could delay the clear to close. Delays in the clear to close by the mortgage underwriter will delay the closing of the home loan.
Credit Scores Versus Credit History Mortgage Guidelines
This article covers Credit Scores Versus Credit History Mortgage Guidelines The Importance Of Mortgage Guidelines On Credit Scores Versus Credit…
FHA Bankruptcy Waiting Period and Mortgage Guidelines
This article covers FHA Bankruptcy Waiting Period And Mortgage Guidelines FHA Bankruptcy Waiting Period Explained Homebuyers can now qualify for…
Other Income To Qualify To Meet Debt To Income Ratio Caps
This article covers Other Income To Qualify To Meet Debt To Income Ratio Caps Income is probably the most important…
