Apply Now In this guide, we will cover pre-qualification vs pre-approval homebuyers. A pre-qualification is a general informal approval to see if the borrower qualifies for a mortgage loan. A pre-approval is more in-depth than a pre-qualification. For example, a loan officer can have a fifteen to thirty-minute interview with the applicant and determine whether…
Apply Now This blog will cover and discuss the mortgage underwriter role during the mortgage process. For borrowers ready to apply for a residential mortgage loan, there is a process they must go through, no matter which mortgage lender they choose. Once borrowers decide on a mortgage lender, the loan officer will complete and sign…
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…
In this blog, we will cover why mortgage underwriters ask for letter of explanations. Letter of explanations is part of the mortgage process. Anyone who has been through the mortgage process will have experienced multiple requests for letter of explanations during the mortgage process. Letter of explanations do not have to be lengthy. It just…
This BLOG On Credit Improvement During Mortgage Process To Qualify For Mortgage Was UPDATED And PUBLISHED On February 16th, 2020 Advice On How To Tackle Credit Improvement During Mortgage Process Credit Improvement During Mortgage Process should be done prior to the mortgage loan application. Here are the reasons why: The reason being is because lenders…
This BLOG On Tops Reasons Why Mortgage Loans Do Not Close On Time Was UPDATED And PUBLISHED On January 23rd, 2020 The majority of mortgage loans close on time once a borrower is pre-approved. However, there are cases where why mortgage loans do not close on time or why mortgage loans do not close at all….
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