Subprime Loans and NON-QM Mortgage Guidelines
This guide covers subprime loans and non-QM mortgages. Borrowers who have bad credit or not enough income due to self-employment…
Chapter 13 Versus Chapter 7 Bankruptcy Mortgage Guidelines
In this blog, we will cover and discuss the mortgage guidelines Chapter 13 versus Chapter 7 Bankruptcy. Homebuyers qualifying for…
How Can I Qualify For W2-Only Income Mortgages
Homebuyers with pending income tax returns or significant unreimbursed business expenses may be eligible for W2-only income mortgages. Gustan Cho…
Mortgage Loan Programs With No Overlays and 30-Day Closing
In this blog, we will cover and discuss mortgage loan programs with no overlays and closing in 30 days. The…
Buying Versus Renting a Home For First-Time Homebuyers
This guide covers buying versus renting a home for first-time homebuyers. One thing I have come to realize looking back,…
FHA Bankruptcy Waiting Periods After Chapters 7 And 13
This article is about FHA Bankruptcy waiting periods after Chapters 7 and 13. FHA Bankruptcy wqiting period requirements were release…
Homebuyers Buying Homes in The Suburbs Fleeing City Life
Data Show More Homebuyers Buying Homes In The Suburbs And Fleeing City Life. More city dwellers are fleeing the city and buying homes in the suburbs due to the high crime rate in the city due to the Black Lives Matter Movement and incompetent politicians.
How Credit Card Balance Affect Debt-To-Income Ratio
This guide covers how credit card balance affect debt-to-income ratio for mortgage borrowers. We will discuss the negative impact how…
What Do Lenders Look in Bank Statements in Mortgage Process
This guide covers what do lenders look in bank statements during the mortgage process. Every mortgage lenders require borrowers to…
How To Write Letter of Explanations To Mortgage Underwriters
In this blog, we will cover how to write a letter of explanation to mortgage underwriters. Borrowers planning on applying…
Everything You Need To Know About The Loan Estimate
In this blog, we will discuss and extensively cover everything you need to know about the loan estimate. The Loan…
Manual Underwriting Versus Automated Approval
This guide covers manual underwriting versus automated approval. There are two types of Automated Underwriting Systems (AUS): Fannie Mae’s Automated…
Fully Underwritten TBD Mortgage Approval As Pre-Approvals
In this blog, we will cover and discuss getting a fully underwritten TBD mortgage approval as pre-approvals. Fully Underwritten TBD…
How Does Buying House Next To Power Lines Affect Resale
This guide covers buying house next to power lines. Some home buyers will run into their dream home when…
Mortgage Approval With 580 FICO Credit Score
This guide covers mortgage approval with 580 FICO credit score. The Federal Housing Administration, a subsidiary of the United States…
Freddie Mac Foreclosure Guidelines on Conventional Loans
This article covers Freddie Mac foreclosure guidelines on Conventional loans. Fannie Mae and Freddie Mac is the nations largest buyers…
Compensating Factors on Manual Underwriting
Mortgage Underwriters will require one or more compensating factors for borrowers with higher debt to income ratio on manual underwrites to offset the risk of the higher DTI.
Getting a Mortgage With Student Loans
This guide covers getting a mortgage with student loans with high debt-to-income ratio. Getting a mortgage with student loans can…
Importance of Job Stability When Buying a House
This guide covers the importance of job stability when buying a house with a mortgage. Income is the most important…
Refer-Eligible Per Automated Underwriting System Findings
This article will cover and discuss refer-eligible per automated underwriting system findings. All mortgage loan applicants need to go through…
Bad Credit Mortgages | Conventional Loans | FHA Loans | Mortgage After Bankruptcy and Foreclosure | Qualifying & Getting Pre-approved | Videos
FHA Versus Conventional Mortgage After Bankruptcy
This guide cover FHA versus conventional mortgage after bankruptcy. There are differences in when and how you can qualify for…
How Lender Overlays Prevent Mortgages For Homebuyers
This guide covers how lender overlays prevent mortgages for homebuyers. The Federal Reserve Board announced that almost a third of…
