Fannie Mae and HUD Guidelines on Conforming vs FHA Loans
FHA and conventional loans work best for different borrower profiles. FHA loans are often better for borrowers with lower credit…
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VA Cash-Out Refinance Mortgage Loans: Unlock Equity
How does a VA cash-out refinance work? A VA cash-out refinance replaces your current mortgage with a new VA-backed loan…
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Manual Underwriting versus Automated Approval Guide
This guide covers manual underwriting versus automated approval. There are two types of Automated Underwriting Systems (AUS): Fannie Mae’s Automated…
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How Property Taxes Can Determine Buying Power on Homes
How Property Taxes Can Determine Buying Power When Buying a Home When people are looking to buy a home, they…
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What Is PITI in a Mortgage? Full Monthly Payment Guide
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.
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Mortgage Processing And Underwriting | Automated Underwriting System | Qualifying & Getting Pre-approved | Videos
Factors Affect Pre-Approval Mortgage Process
This guide explores the factors affect pre-approval and stress during the mortgage process. Once individuals decide to purchase a home,…
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Mortgage Processing And Underwriting | Conventional Loans | FHA Loans | Mortgage Lender Overlays | Videos
The Role of Mortgage Underwriter in the Home Loan Process
In this guide, we will cover the role of a mortgage underwriter during the home loan approval process. The role…
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Videos | Charge Off Accounts | Collection Accounts | Qualifying & Getting Pre-approved | Re-Establishing Credit | VA Loans
VA Loans With Bad Credit in Tennessee
VA loans with bad credit in Tennessee may be available, even when a borrower has a low credit score. The…
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What Does Yield Spread Premium in Mortgage Lending Mean?
Despite its long history, the term ‘yield spread premium’ still puzzles many mortgage professionals. In the past, wholesale mortgage lenders…
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Videos | Bad Credit Mortgages | Career Opportunities/Loan Officer Training | Mortgage Processing And Underwriting | Mortgage Rates | NON-QM Loans
All About Borrower Review of Gustan Cho Associates
In this guide, we will discuss and cover the borrower review of Gustan Cho Associates. Reviews and testimonials are one…
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Conditional Mortgage Approval Delays: Causes and How to Avoid Them
Conditional mortgage approval means an underwriter has reviewed your loan file but still needs specific documents, explanations, or third-party items…
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VA Loans | High Debt To Income Ratio | Home Mortgages | Income And Employment | Manual Underwriting | Mortgage Lender Overlays | Mortgage Processing And Underwriting | Videos
VA Loan Residual Income Guidelines for Homebuyers
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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First Time Home Buyers | Down Payment Assistance | FHA Loans | Home Purchase | Qualifying & Getting Pre-approved | Real Estate Topic | Videos
Dream of Owning Your Own Home: Mortgage Guide
This guide covers the dream of owning your own home. The dream of owning your own home is a common…
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Home Maintenance for First-Time Home Buyers
Buying a home is exciting, but it also means taking responsibility for repairs, safety checks, and routine upkeep that a…
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Do All Lenders Have The Same Guidelines? Avoid Denial
Do all mortgage lenders have the same guidelines? No, mortgage lenders do not all have the same guidelines. FHA, VA,…
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High Debt-to-Income Ratio Home Loans in California
Yes, you may qualify for a California mortgage with a high debt-to-income ratio. Approval depends on the loan program, credit…
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Manual Underwriting | Compensating Factors | FHA Loans | High Debt To Income Ratio | VA Loans | Verification Of Rent | Videos
DTI Manual Underwriting Guidelines on FHA and VA Loans
DTI Manual Underwriting Guidelines on FHA and VA Loans If a computer system says “no” to your mortgage because your…
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Mortgage Guidelines After Bankruptcy on Home Purchase
In this guide, we will cover mortgage guidelines after bankruptcy. Mortgage guidelines after bankruptcy do not categorically prevent homeownership. Eligibility…
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Student Loans | Conventional Loans | FHA Loans | High Debt To Income Ratio | Mortgage Processing And Underwriting | USDA Loans | VA Loans | Videos
Income-Based Repayment Student Loan Mortgage Guidelines
Features of Student Loan Mortgage Programs and Income-Based Repayment Plans Income-Based Repayment plans can help make federal student loan payments…
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FHA Loans | High Debt To Income Ratio | High-Balance Mortgage Loans | Manual Underwriting | Mortgage Lender Overlays | Qualifying & Getting Pre-approved | Videos
Major Changes in FHA Guidelines HUD 4000.1 Handbook
This guide will delve into the major changes in FHA guidelines, specifically the HUD 4000.1 Handbook, which may have implications…
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FHA Loans | Condominium Loans | Condotel and Non-Warrantable Condos | Conventional Loans | Real Estate Topic | Videos
FHA Spot Loans on Non-HUD-Approved Condos
FHA Spot Loans enables condo buyers to purchase a condo unit in a non-HUD-Approved Condo Complex with an FHA loan.
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How to Move Out of Your Parents’ House: Easy Steps
Learning how to move out of your parents’ house starts with deciding whether you can comfortably support yourself. You may…
