Category Archives: Loan Approval

mortgage process

Mortgage Process: Making a Little Less Confusing

Mortgage Process Steps The mortgage process can be one of the most challenging.  Especially if you don’t understand the all that goes into making a loan. Yet, with a little research, diligence and the right mortgage broker, you can take back a feeling of control.  Control over the process of acquiring one of your most

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self employed

Self-Employed Homebuyers

Self-Employed homebuyer Looking to Purchase or Refinance a Home Before granting a mortgage loan to a self-employed person, lenders have to examine according to Fannie Mae: ·         "the stability of the borrower’s income, ·         the location and nature of the borrower’s business, ·         the demand for the product or service offered by

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How to Buy a Home with a Low or Zero Down Payment

The truth about no or low down payment mortgages Down Payment has a widely spread misconception. How much is needed to buy a house across consumers all ages, income brackets, and education levels? This lack of awareness regarding low-down-payment mortgage options is delaying some qualified young adults from entering the market. According to the National

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mortgage overlays

What are Mortgage Overlays?

Navigating the wide world of lender mortgage overlays Mortgage Overlays: You have been studying the requirements for the mortgage you want in order to determine if you’re eligible.  You have the required credit score, down payment and debt-to-income ratio (DTI) but your loan application has been rejected. What happened?   Stricter requirements called lender or

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mortgage broker

Mortgage Broker Tips: 5 Mistakes That Delay Mortgage Approvals 

Mortgage Broker: Don’t Make These Application Mistakes!  If you are planning to buy a property, you are probably aware that getting your funding squared away is the most important part of this complex process. Before starting to shop for a house, you have to get a price range and the pre-approval sorted out with your mortgage

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