If you’re using a VA loan to purchase a home, you may hear the term “VA Tidewater” during the appraisal process. While the name sounds unusual, the Tidewater process is actually a valuable protection designed to help veterans avoid appraisal surprises and provide an opportunity to support a home’s value before the appraisal is finalized.…
One of the biggest misconceptions in mortgage lending is that a high income can solve every mortgage qualification challenge. While income is extremely important, it cannot always make up for weaknesses in other areas of your loan application. When it comes to qualifying for a mortgage, there are three major factors lenders evaluate: income, credit…