Foreign National Mortgages If you’re a foreigner in the United States, buying real estate can seem almost unachievable. However, foreign national mortgages could make it easier for noncitizens to secure a loan and buy assets. These mortgages permit you to pursue the American dream irrespective of your citizenship status. At Griffin Funding, we provide foreign…
In this blog, we will cover the difference between mortgage brokers versus mortgage bankers. We will cover the benefits, pros and cons, and the best deal of working between mortgage brokers versus mortgage bankers. Many people use the term direct lender. Many borrowers believe dealing with direct lenders, they will get a better rate and…
In this guide on FHA loans with recent late payments, we will cover what you need to do to get approved for an FHA loan with recent late payments in the past 12 months. In general, it is acceptable to have outstanding collection accounts with large balances. Prior bad credit is fine. However, lenders want…
In this article, we will cover and discuss how to study and pass the NMLS exam on your first attempt. I have read all guides on how to study and pass the NMLS exam on your first attempt. I have listened to everyone who advised me on how to study and pass the NMLS exam….
Apply Now In this blog, we will discuss and cover how I passed the NMLS exam the first time around and how I landed my first job as a mortgage loan originator. The minute I passed the NMLS exam, I contacted Gustan Cho to let him know how I passed the NMLS exam. Left him…
Here are a few home buying tips which can help you buy a house. Many millennials have been led to believe that buying a home is out of reach, especially for most of them who are already swimming in student loan debt. You may want to buy a home to gain an asset, upgrade from…
In this blog, we will discuss and cover paying mortgage early prior to the end of the home mortgage term. Paying Off Mortgage Early before the end of the term of the home loan is every homeowner’s dream. Most home mortgages are 30-year fixed-rate mortgages. If you pay the minimum amount due every month, it…
In this blog, we will discuss and cover mortgage with deferred student loans and high debt to income ratio. Qualifying for Mortgage With Deferred Student Loans is becoming a major problem with many home buyers. This is because deferred student loans are no longer exempt on government and conventional loans with the exemption of VA…
This guide covers the mortgage loan closing process from application to clear to close. A normal mortgage loan closing normally takes 30 days. However, we can probably expedite a mortgage loan closing in the case of an emergency. There are instances where home closings can be done in less than two weeks. If borrowers cooperate…
This Article Is About The HUD Property Guidelines And Requirements On FHA Home Loans: FHA loans are the most popular type of mortgage loan program in the United States. First-time homebuyers, borrowers with less than perfect credit, and those who recently filed for bankruptcy and/or had a housing event can become eligible for FHA financing….
This Article Is About The Mortgage With Judgment Guidelines On Home Purchase Homebuyers and homeowners can qualify for a mortgage with outstanding judgments as long as they have a written payment agreement with the judgment creditor and have made three timely payments. A judgment is the worst derogatory credit tradeline any consumer can have on…
This article on Condotel Financing Guidelines Require 25% Down Payment Condotel Financing Guidelines Require 25% Down Payment for owner occupant and second home Condotel financing and 40% down payment on investment Condotel units. A Condotel unit is a condominium unit within a hotel that is owned by an individual or private investors. A Condotel used…
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