Archive for Agustus 2013

nn 16.34 Add Comment FHA quick reference guide Edit

FHA Quick Reference Guide

Have questions about FHA loans? We have a link to an FHA Quick Reference Guide on our web site that will help you out. Here's the link ...

nn 08.12 Add Comment 3% down Edit

Only 3% Down and NO Mortgage Insurance

Did you know that you can buy a house for only 3% down, with absolutely NO mortgage insurance? We’re not talking about mortgage insurance t...

nn 10.20 Add Comment mortgage insurance Edit

When Does Mortgage Insurance Go Away?

There is a lot of confusion regarding when mortgage insurance goes away these days. Here's what you need to know: If the loan is a conve...

nn 09.27 Add Comment mortgage insurance Edit

Mortgage Insurance Is Easier to Get

Did you know that the underwriting overlays for mortgage insurance have been removed? That means you can get mortgage insurance for a conve...

nn 19.04 Add Comment debt-to-income, DTI Edit

Debt-to-Income Reference Sheet

Lenders use a ratio called the Debt-to-Income ratio (referred to as the DTI) to determine whether a borrower makes enough money to qualify f...

nn 13.51 Add Comment down payment Edit

Down Payment Reference Guide

There is a lot of confusion regarding the latest down payment requirements. Here's how to avoid that confusion forever! We have a refer...

nn 05.52 Add Comment interest rates Edit

Why Interest Rates Change

We are constantly being asked if interest rates are going to go up or down. Our answer is always the same: we don't have any idea. Her...

nn 05.50 Add Comment seller-paid closing costs Edit

Seller-Paid Closing Costs

Ever had a question about how much a seller can pay towards a buyer's closing costs? Well, question it no more! We have a reference she...

nn 05.45 Add Comment address Edit

How to Find the Correct Property Address

Here's a great way to avoid having to amend sales contracts. Before approving a loan for closing, underwriters need to make sure the ad...

nn 05.42 Add Comment Public Records Edit

Here's How Lenders Get the Details

Ever wonder how underwriters find out all the details about a buyer or a property? One of the greatest resources for an underwriter is the ...

nn 05.37 Add Comment rental income, self-employed income Edit

How to Calculate Self-Employed and Rental Income

We get many calls from consumers and real estate agents asking how to calculate self-employment income or rental income. It can seem compli...

nn 05.34 Add Comment second job income Edit

When Second Job Income Counts

Many people have second jobs these days and we are often asked when that income counts towards qualifying for a mortgage. Here are the rule...

nn 05.29 Add Comment adjustable rate mortgage, ARM Edit

What You Need to Know about ARMs

Thinking of getting an adjustable rate mortgage (ARM) now that interest rates are rising? Here's what you need to know: The interest ra...

nn 05.27 Add Comment lender checklist Edit

Lender Checklist

We get a lot of calls from real estate agents who are looking for new lenders. Many agents say they don't really know how to tell if a ...

nn 05.25 Add Comment pre-approval Edit

How to Get Pre-Approved for a Mortgage

There is a great deal of confusion about how to get pre-approved for a mortgage (probably because just about anyone can get a job selling mo...

nn 05.21 Add Comment credit disputes Edit

Do NOT Dispute Credit Accounts

Many credit repair companies advise their clients to dispute accounts on their credit report, telling them the accounts will be removed from...

nn 05.18 Add Comment credit report Edit

Hands Off that Credit Report

Federal guidelines require lenders to refresh credit reports before a real estate closing. We are not looking to see if a borrower's cr...

nn 05.15 Add Comment Five Star Mortgage Professionals Edit

Five Star Mortgage Professionals

For the third year in a row, Debbie and Chris have both been awarded the designation of FIVE STAR Mortgage Professional. Once again, we hav...

nn 05.12 Add Comment assets, cash Edit

Sometimes Cash is Useless

All large deposits into a borrower's bank account now need to be verified, meaning the borrower must provide documentation showing where...