What Are The Top Home Buyer Concerns Purchasing First Home
This guide covers home buyer concerns buying their first-home. A home purchase is most people’s single largest investment in their…
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Third-Party Search By Mortgage Lenders
This guide covers about the third-party search by mortgage lenders during the underwriting process. Mortgage lenders will pull three credit…
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Why Do Lenders Need Credit Reports and Scores
In this blog, we will cover why lenders need credit reports and credit scores to get borrowers a mortgage loan…
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Can I Get Low Rates With High FICO For a Mortgage
When saving money buying a house, remember one key thing, low rates with FICO credit scores. This article will cover…
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Mortgage After Bankruptcy and Foreclosure | Manual Underwriting | Qualifying & Getting Pre-approved | Videos
Bankruptcy Dismissal Versus Discharge Mortgage Guidelines
In this blog, we will cover and discuss the difference when qualifying for a mortgage after bankruptcy dismissal versus bankruptcy…
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How Solid Is Your Pre-Approval For Home Purchase Mortgage
This guide covers how solid is your pre-approval for a home purchase mortgage. A mortgage pre-approval letter means that a…
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Mortgage Refinance Costs Can Be Paid With Lender Credit
Lenders can cover borrowers’ mortgage refinance costs with a lender, credit in lieu of a higher mortgage rate to the…
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Government and Conventional Loans After Bankruptcy
This guide covers government and conventional loans after bankruptcy and foreclosure. There are mandatory waiting period requirements on government and…
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Qualifying For a Home Mortgage Moving To New Home
This guide covers qualifying and getting approved for a home mortgage moving to new home. Moving to new home is…
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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…
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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…
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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…
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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…
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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.
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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.
