In this article, we will cover and discuss getting pre-approved before shopping for a home. No two homebuyers have the same credit score and financial profile. You have first-time homebuyers with great credit, bad credit, no credit, prior bankruptcy and/or foreclosure, late payments, high debt-to-income ratio, collections, and charge offs. Because not everyone knows where…
This Article Is About Now Good Time Home Purchase In Chicago And Suburbs Chicago is the second-largest city in the United States behind the city of New York and followed third by Los Angeles. Chicago home prices are not ridiculously high like home prices in New York City and California. However, home prices have been…
This guide covers multiple offers by homebuyers on purchases of listed homes. How do you tackle cases of multiple offers by homebuyers on purchases? The housing market is booming. Booming? This word is an understatement. Homebuyers new to the housing market need to realize the new norm. The new norm is paying more than the…
This guide covers qualifying for a mortgage after foreclosure for borrowers on title but not on note. Home buyers with a prior foreclosure who were on the title but not on note of a home currently being foreclosed on can qualify for a new mortgage loan. The waiting period requirement does not apply. Therefore, if…
This guide covers buying a home in Hawaii with bad credit and low credit scores. Even though buying a home in Hawaii on the islands is often a challenge, it’s not impossible. It is doable and realistic for those with not-so-good credit reports and some prep work. In many cases, those who had previously declared…
This guide covers what mortgage fraud is. What is mortgage fraud during the homebuying and mortgage process? There are two types of loan fraud. Fraud for housing (tricking a lender into approving a loan it would otherwise decline). Fraud for profit (stealing cash and equity from lenders or homeowners). A real estate agent might secretly…
Get a Fast Quote: Click Here In this blog, we will cover and discuss what are non-QM versus Qualified Mortgages. Non-QM loans, also known as non-qualified Mortgages, are non-conforming loans. Non-QM loans are also referred to as non-prime mortgages. Non-qualified mortgages are portfolio loans. Marga Jurialla, the Operations Director for Gustan Cho Associates, explains what…
Apply Now In this article, we will discuss how to write a letter of explanation to mortgage underwriters. Borrowers must get accustomed to writing letters of explanation to mortgage underwriters throughout the process. A letter of explanation to mortgage underwriters is just part of the program throughout the mortgage process. Mortgage underwriters will often ask…
This Article Is About Monitoring Credit Report To Qualify For A Mortgage It’s up to you and it is your responsibility to have control of your financial future. The credit bureaus do make errors A lot of errors Remember that credit repair companies can do more damage than good Credit disputes are not allowed during…
In this article, we will cover escrow holdback by mortgage lenders for repairs. We will discuss what an escrow holdback is on a home purchase. Home buyers often run into situations where a real estate home appraiser may not pass a home appraisal. All mortgage lenders require a home appraisal for a home purchase. Home…
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…
Call Now 