This article is about How To Write Letter Of Explanations To Underwriters To Clear Conditions Borrowers are currently in the mortgage application and the approval process will most likely get conditions to write a letter of explanations to underwriters when they get conditional mortgage approval. There is no need to get nervous when asked to […]
This Article Is About Sellers Concessions And Tax Prorations On Illinois Home Purchase Home Buyers in the state of Illinois has an advantage over other homebuyers in other states. Illinois is one of those states that property taxes are paid in arrears What this means is that when a home buyer in Illinois purchases a […]
This Article Is About Documents Required For Mortgage Processing And Underwriting All documents required for mortgage processing and underwriting needs to be completed in order to close a home loan on time. This includes blank pages There are things mortgage borrowers need to know when applying for a mortgage The initial phase of the mortgage […]
This Article Is About Two FHA Loans At The Same Time Mortgage Guidelines FHA Loans are intended for owner-occupied primary residences. There are instances where homeowners can get a sudden job relocation to a location where it is beyond commuting distance On a case where a homeowner currently has an FHA Loan and has a […]
This Article Is About Bad Credit Mortgage Guidelines On Home Purchase And Refinance Mortgage Borrowers can qualify for home loans with bad credit per Bad Credit Mortgage Guidelines. All owner occupant mortgage loan programs permit home buyers and homeowners to qualify for mortgage with the following: collections charge offs tax liens judgments child support in arrears […]
Most of our viewers reading this article are probably already familiar with the basic mechanics of how a Reverse Mortgage Chicago works. Homeowners with a lot of equity can borrow against that equity For all practical purposes homeowners don’t have a mortgage payment every month Sometimes borrowers get a lump sum of cash when take out […]
One of the top mistakes home buyers make prior to qualifying for mortgage is not preparing for their home purchase way ahead of time. All home buyers, especially first time home buyers, should prepare well ahead of time in getting their credit scores as high as possible Qualifying for a mortgage is one thing Getting […]
This Article Is About 15 Year Versus 30 Year Fixed Rate Mortgage Loans Mortgage borrowers have a choice between 15-year and 30 year fixed rate mortgage loans. All mortgage loan programs have the option of 15 Year and/or 30 Year Fixed Rate Mortgage Loans 15 year home loans mean higher monthly housing payments due to […]
This Article Is About Cash-Out Refinance Mortgage Guidelines On Loan Programs Cash home buyers are the home buyers of choice for any home seller and home seller’s realtors. Cash buyers normally can get the winning bid on a property with multiple offers Home sellers normally will take a lower offer on a multi-offer to a […]
This Article Is About Economic News And How It Affects Todays Housing Markets Are We Headed Towards A Second Recession? Economists are warning of a potential second recession. The World’s 2nd largest economy, China, is seeing a huge slowdown in their real estate sector, where commercial buildings under construction can be seen in cities like […]
CALL NOW
