Understanding The Basics of What is a Mortgage
This guide covers understanding the basics of what a mortgage is. We will cover and discuss what a mortgage is….
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Self-Employed Mortgage With One-Year Tax Returns
Self-employed borrowers are now eligible to get an approve/eligible per automated underwriting system with one-year income tax returns.
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VA Loans Versus Other Loan Programs
You must first be eligible. Only servicemembers, honorably-discharged veterans and sometimes their families are eligible. VA underwriting guidelines are flexible, with no minimum credit score an no minimum down payment.
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Getting Faster Mortgage Approvals and Closing on Time
Borrowers should not stress during the mortgage process. . There is no reason why there should be stress during the mortgage process.
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What is Net Tangible Benefits For Refinancing
This guide covers what is the definition of net tangible benefits for refinancing. When mortgage rates were at a 3-year…
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Steps in Mortgage Process For Closing Home Loan on Time
This guide covers the steps in mortgage process for closing home loan on time. Homebuyers looking to purchase a new…
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Get Recent Update Credit Report Fast With a Rapid Rescore
In this blog post, we’ll delve into the most recent methods to update credit report fast using rapid rescore to…
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Home Loan Approval After Losing Job During Mortgage Process
This guide covers how to close on home loan after losing job during mortgage process. We will show you qualifying…
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Mortgage Underwriter Errors
This guide covers mortgage underwriter errors that cause borrowers to be denied a loan. Mortgage underwriter errors do happen. Underwriters…
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Using Realtor Commission For Home Purchase Down Payment
This guide covers using realtor commission for home purchase down payment. This article delves into using realtor commission for a…
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Mortgage With New Job Lending Requirements and Guidelines
This article delves into the lending prerequisites and regulations concerning mortgage with new job. It addresses the misconception that one…
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How To Get Approved For FHA Loans With No Credit Scores
Gustan Cho Associates are experts when analyzing consumer credit reports. Since we do not have lender overlays, we see all…
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Low Appraisal on Home Purchase and Solutions For Borrowers
This guide covers low appraisal on home purchase and solutions for mortgage borrowers. We will discuss solutions to low appraisal…
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Which Mortgage Is Right for Me? The Top 5 Mortgage Types
Every mortgage borrower is different. Your income, debts, credit rating, savings, and goals are unlike anyone else’s. The best mortgage for your neighbor might be the worst home loan for you.
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VA Credit Score Agency Guidelines Versus Lender Overlays
This guide covers VA credit agency guidelines versus lender overlays on VA loans. Understanding VA Credit Score Agency Guidelines is…
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Paying Mortgage Balance Early Before End of Loan Term
This guide covers the benefits of paying mortgage balance early before end of loan term. Paying mortgage balance early before…
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Moving To Another Owner-Occupied Home Without Selling
In this blog, we will cover and discuss buying and moving to another owner-occupied home without selling their first home….
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VA Guidelines On Deferred Student Loans On VA Home Loans
This article explores the VA Guidelines on Deferred Student Loans and their influence on the debt-to-income ratio in the context…
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FHA Appraisals Versus Conventional Appraisals Guidelines
This article examines and clarifies the criteria for FHA Appraisals Versus Conventional Appraisals. There are significant differences in the guidelines…
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Mortgage Processing And Underwriting | Income And Employment | Qualifying & Getting Pre-approved | Videos
How Underwriters Analyze Bank Statements of Borrowers
This article delves into how underwriters analyze bank statements of borrowers. When individuals seek a mortgage loan, underwriters deem 60…
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Commission-Income Mortgage Guidelines
Mortgage lenders must adhere to the Ability to Repay (ATR) rule when underwriting. That means they must make sure that borrowers can afford the loan before they approve it.
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Jumbo Loan vs Conventional Loan Comparison | Rates and LTV
In this article, we will cover and discuss the comparison between jumbo loan vs conventional loan programs and the differences…
