Apply Now This blog will cover how to get pre-approved for a mortgage and close on time. For homebuyers, whether first-time home buyers or seasoned buyers, or homeowners thinking of refinancing, the first and most important step is to see whether or not they qualify for a mortgage. Factors how to get pre-approved for a…
This blog will cover and discuss getting mortgage approval with late payments in the past 12 months. Getting A Mortgage Approval With Late Payments in the past 12 months is possible as long as the borrower can get approve/eligible per an automated underwriting system (AUS). You can have prior bad credit, unpaid collections and charge-off…
Apply Now This article will cover mortgage overlays on FHA, VA, and conventional loans. The two most common home mortgage programs are government and conventional loans. Lenders must ensure borrowers meet the minimum agency mortgage guidelines of FHA, VA, USDA, Fannie Mae, and Freddie Mac. Borrowers should understand the mortgage overlays on FHA, VA, and…
Apply Now In this guide, we will cover the high-cost mortgage for a homebuyer when it comes to getting a mortgage loan. High-Cost Mortgage is part of mortgage regulations. Lenders who violate High-Cost Mortgage rules can get fined and sometimes even get their mortgage licenses revoked. Mortgage regulators implemented and launched high-cost mortgage rules and…
Get a Fast Quote: Click Here Buying your first home in Nebraska with bad credit. Many of us may consider success in life in various ways. For some, it is about making it in your career, while for others, it’s about having a great family full of love. But we can all agree that if…
This article will cover how to get a mortgage in Idaho buying your first house in Idaho. Idaho, also known as the Gem State, continues to increase in population as more people keep moving to the state because of its beautiful scenery, mild climate, and low cost of living. You don’t want to be…
In this blog, we will cover using Freddie Mac versus Fannie Mae AUS for home loans. Using Freddie Mac instead of Fannie Mae AUS is one of the options most loan officers do not use. There are two different types of automated underwriting systems (AUS). Fannie Mae Desktop Underwriter (DU) and Freddie Mac Loan Prospector…
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…
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 On Shopping For A House Online Was Written By Staff Writer at Gustan Cho Associates How to Buy a House Online: The real estate industry continues to undergo a massive technological transformation Years ago, real estate agents were frightened that online brokerages like Zillow, Trulia, and Redfin would put them out of business…
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