It’s no secret interest rates are the main driver of the nation’s loan volume. Fixed rate mortgages are currently sub 4%. Here is why waiting for a better rate could be risky … [Read More…]
Getting a mortgage is still not an easy process
Well it might appear as though getting a mortgage is easier than it was a few years ago, the process is still dicey. It is no secret in the industry the majority … [Read More…]
Is your new rental agreement going to pass for a mortgage?
Rental income can be a double edged sword if you need it to qualify. Here’s what to know about your new rental future rental income when it comes time to getting a … [Read More…]
3 things you will not like about today’s mortgage process
These things about today’s mortgage loan process will drive you crazy. Know what lenders will want…. Patriot Act This says lenders do not make loans to drug dealers, money launderers or terrorists. … [Read More…]
This recent change just made getting a mortgage easier
Been turned down for a mortgage recently? Fear not, this recent change to conventional mortgages just made your chances of qualifying easier. Here is the latest … Fannie Mae recently changed their … [Read More…]
How to score a jumbo mortgage with less than 20% down
Looking to finance a big mortgage? Here’s some tips you can take to the bank… Most jumbo investors still have tight credit guidelines. Jumbo loans are any residential mortgage sizes greater than … [Read More…]
What your loan amount covers when refinancing
Refinancing can shave years off your loan and help you pay off your home faster. Here’s what to consider when refinancing… When you refinance your home your loan amount can be whatever … [Read More…]
How mortgage lender can make a loan work when another cannot
Ever work with a mortgage company to later on find your loan won’t work, and another delivers? There’s a reason for it. Here’s what you should know about mortgage companies. The Consumer … [Read More…]
New underwriting guidelines coming June 25 may change your mortgage
New changes coming to Fannie Mae’s automated underwriting system June 25 could change the way you get a mortgage. Here’s how… Fannie Mae has announced the way they look at credit is … [Read More…]
Can you get a USDA loan anymore?
One mortgage loan program popular in the last few years is the USDA loan. The program allows for you to buy a home with no money down and low monthly mortgage insurance. … [Read More…]
