Buying a home requires the assistance of many professionals. Your realtor helps you find and choose a home, but once you do that, you need the assistance of many others including the inspector and appraiser. Both professionals provide a written report regarding the condition of the home, but in different ways. Compare Offers from Several […]
Understanding Manual Underwriting
If there’s anything ‘unique’ about your mortgage application, you may hear the term ‘manual underwriting.’ Lenders reserve this technique for borrowers that show potential but don’t pass the automated underwriting programs that breeze borrowers through the process. Get Matched with a Lender, Click Here. Manual underwriting is like a second chance at approval. If the […]
Tax Returns and Their Role in Mortgage Applications
After you complete a mortgage application, you must provide the lender with proof of your income. Generally, this means the pay stubs for the last 30 days and your last 2 years’ of W-2s. Sometimes, however, it means your tax returns. Looking for Current Mortgage Interest Rates? Click Here. Who has to supply tax returns […]
Is Anyone Exempt From the VA Funding Fee?
Veterans have the advantage of flexible financing options. You can buy a home with no down payment, less than perfect credit, and high debt-to-income ratios. The VA offers this flexible program for veterans that served our country in the regular military, Reserves or National Guard. Looking for Current Mortgage Interest Rates? Click Here. Every time […]
How to Prepare for a Mortgage Closing
You made it through the underwriting process and are heading to the closing – congratulations! While you’ve endured one hurdle, there are a few more you’ll face as you get to the closing table. Looking for Current Mortgage Interest Rates? Click Here. In this guide, we help you understand how to best prepare for the […]
How Much is the VA Funding Fee?
Active military members and veterans have access to a great loan program through the VA. With no down payment and flexible guidelines, veterans can become homeowners without paying mortgage insurance or dealing with strict guidelines. Looking for Current Mortgage Interest Rates? Click Here. While the VA limits what closing costs veterans can pay, they do […]
Do Mortgage Lenders Check Credit Before Closing?
You know that lenders check your credit to qualify you for a mortgage, but when do they check it? Do you need to worry about your credit once you get the approval? Compare Offers from Several Mortgage Lenders. Get these answers and more below. Checking Your Credit When you Apply Lenders check your credit when […]
Disputing Medical Bills on your Credit Report
Medical bills have a way of sneaking up on you. Even expected medical expenses can get out of hand. If you can’t pay what you owe, you may find yourself with a damaged credit score. Fortunately, there are ways to dispute the medical bills on your credit report. Get Matched with a Lender, Click Here. […]
How Long Before you Can Close After a Conditional Approval?
You heard the words ‘you’re approved’ and you assume you’ll close soon. Not so fast, though. If you have a conditional approval, there’s still work to do. Your lender approved the qualifications you’ve provided proof of, but there’s more. Looking for Current Mortgage Interest Rates? Click Here. So how long before you can close? You […]
What’s Cheaper – Buying or Building a House?
Chances are that buying a home is one of the largest investments you’ll make in your lifetime. As you decide between buying an existing home or building a house, you have many options. Sure, the excitement of building a new home is hard to contain. Who doesn’t love a brand new home built just for […]