Conventional Loan After Short Sale vs Foreclosure Guidelines
This guide covers conventioal loan after short sale vs foreclosure guidelines. Since 2008, millions of Americans have witnessed their equity…
Second Home Guidelines on Non-QM and Conventional Loans
This guide covers second home guidelines on non-QM and conventional loans. Second-home financing is different than investment properties. Homebuyers are…
Reaffirming Home Loan After Bankruptcy Mortgage Guidelines
In this article, we’ll talk about reaffirming home loan after bankruptcy, a frequently inquired topic. Milwaukee-based Attorney James Miller of…
Fannie Mae vs HUD Guidelines Mortgage in Bankruptcy
If you have a mortgage included in a bankruptcy, the waiting period guidelines are more favorable on conventional versus FHA loans
What Is PMI on Conventional Loans
This guide covers what is PMI on conventional loans. What Is PMI? One of the most common questions I often…
Freddie Mac HomeOne Mortgage Loan Program
In this blog, we will cover the Freddie Mac HomeOne Mortgage Loan Program. Fannie Mae and Freddie Mac are the…
Fannie Mae Bankruptcy Guidelines on Conventional Loans
As per the Fannie Mae Bankruptcy Guidelines for conventional loans, borrowers must follow a mandatory waiting period after filing for…
Freddie Mac Asset Depletion Mortgage Lending Guidelines
Can you get a Freddie Mac mortgage if you have lots of investments or savings but little or no income? In many cases, you can convert assets into income (for mortgage qualifying purposes) by using asset depletion.
First-Time Buyer 3 Percent Down Payment Conventional Loan
What Are The 3% Down Payment Conventional Loan Requirements And Guidelines? Fannie Mae and Freddie Mac allow a 3% down payment on conventional loans for first-time homebuyers. A first-time homebuyer is a buyer who had no ownership of a home in the past three years.
High-Cost Guidelines On Government And Conventional Loans
In this blog, we will discuss and cover high-cost guidelines on government and conventional loans. Some states have high-cost rules….
Overlays in Underwriting By Mortgage Lenders
This blog is about overlays in underwriting on government and conventional loans. The mortgage industry went through a major overhaul…
Refinancing Land Contract Homes To Government Or Conventional Loans
In this article, we will discuss and cover refinancing land contract homes to government or conventional loans. There are factors…
Fannie Mae 97 LTV Conventional Loan Mortgage Guidelines
This guide covers the 97 LTV conventional loan mortgage guidelines for first-time homebuyers. Fannie Mae and Freddie Mac 97 LTV…
High-Balance Conforming Loans in High-Cost Areas
In this blog, we will cover and discuss high-balance conforming loans for high-cost homebuyers. There are certain areas throughout the…
FHA Versus Conforming Loan Limits on Home Purchase
This guide covers FHA versus conforming loan limits on home purchase and refinance transactions. FHA versus conforming loan limits on…
What Are The Benefits of Refinance Mortgage
This guide covers the benefits of refinance mortgage loans. There are many benefits of refinance mortgage. Although the Federal Reserve…
Conventional Refinance Mortgage Pricing Adjustments
Homeowners should explore how much money they can save with today’s historic low mortgage rates to refinance their home loans.
Continuation of Income Guidelines of Mortgage Lenders
This guide covers continuation of income guidelines of mortgage lenders. The ability to repay is one of the most important…
Conventional Loan With Non-Occupant Co-Borrower
This blog will cover Fannie Mae and Freddie Mac guidelines on qualifying for a conventional loan with non-occupant co-borrower. Non-Occupant…
Modular Homes Mortgage Guidelines For Homebuyers
This guide covers modular homes mortgage guidelines on purchase and refinance transactions. Modular homes are becoming more and more popular…
FHA MIP Versus Conventional PMI For Mortgage Borrowers
This guide covers FHA MIP versus conventional PMI for mortgage borrowers. Mortgage Insurance is mandatory on all FHA loans and…
UPDATED 2-to-4 Unit Fannie Mae Multi-Family Mortgage
This manual addresses the modifications in down payment and self-sufficiency for multi-family properties designated as owner-occupant primary residences by the…
