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ByGustan Cho
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This guide covers realtors marketing package for home buyers, real estate agents and referral partners. Home buyers rely on their…
ByAnngelli Abenes
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This guide covers how mortgage brokers get paid on closed home loans. Mortgage brokers, loan originators, or loan officers are…
ByAnngelli Abenes
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This article is about Why Mortgage Process Is Biggest Home Buying Stress The process of buying a home can be…
ByAnngelli Abenes
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This Article Is About Verification Of Mortgage Guidelines And Requirements By Lenders. A Verification of Mortgage, commonly known as VOM,…
ByAnngelli Abenes
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This guide covers how prenuptial agreements affect mortgage loans. You may have heard of prenuptial agreements if you plan to…
ByGustan Cho
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This guide covers buying a home from a family member with no down payment or closing costs with a gift…
ByAnngelli Abenes
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Understanding Sellers Concessions and Tax Prorations in Illinois Home Purchases Illinois home buyers benefit from a unique financial advantage that…
ByDale Elenteny
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This guide covers changes in mortgage guidelines on home loans and year-end recap. 2023 was a tough year for the…
ByGustan Cho
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This Article On Fannie Mae HomePath Mortgage Was PUBLISHED On May 10, 2024. Fannie Mae is now offering the Fannie…
ByAnngelli Abenes
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Home loans are still available to borrowers with collections, charged-off accounts, or late payments. Lenders are generally willing to approve…
ByAnngelli Abenes
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In this blog, we’ll explain the qualifying credit score that lenders use for mortgages. Mortgage underwriters determine this score by…
ByAlex Carlucci
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This guide covers qualifying for a home loan without spouse mortgage guidelines. There are many reasons why home buyers want…
ByGustan Cho
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This guide covers why underwriters issue denials on mortgage loans. The mortgage process should not be a stressful process and…
ByAlex Carlucci
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This guide covers comparison of mortgage rates on purchase and refinance loans. Mortgage rates have been steadily going up to…
ByAnngelli Abenes
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In this blog, we’ll explore the process of working with a loan officer during your mortgage application. Choosing a loan…
ByGustan Cho
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Many homebuyers have substantial value on their 401k. They can use up to 60% of the value of their 401k for their down payment and/or closing costs on their home purchase. The amount used from their 401k is not used for their debt to income ratio calculations.
ByGustan Cho
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This blog aims to explore the difference between correspondent lending and mortgage brokers. A common inquiry we receive regularly pertains…
BySapna Sharma
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All mortgage loan programs require a maximum front debt-income ratio and back debt to income ratio. However, conventional loans do not require a front debt to income ratio. VA loans do not have a debt to income ratio requirements. Lenders can have lender over lender overlays on debt to income ratios.
ByGustan Cho
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The Federal Housing Administration (FHA), a segment of the United States Department of Housing and Urban Development, was established in…
BySapna Sharma
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In this blog, we will cover ARM versus fixed-rate mortgages. ARM stands for an adjustable-rate mortgage. Adjustable-Rate Mortgage is when…
ByGustan Cho
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California FHA loans are a preferred mortgage solution for various borrowers, including first-time homebuyers, individuals with poor credit, and those…
ByAlex Carlucci
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Lenders can offer 100% with no mortgage insurance at competitive low mortgage rates on VA loans due to the government guarantee against loss or foreclosure on VA loans. VA loans have no maximum debt-to-income ratio cap on VA loans.
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