Apply Now This article will cover buying short sale home purchase versus traditionally listed homes. A short sale is when a homeowner has a home with a loan balance that is higher than the value of their home and gets their lender to agree for them to sell their home at a discounted price. The…
Apply Now In this article, we will cover FHA multi-family-unit self-sufficiency test. Are you looking to be a homeowner and build a long-term investment strategy simultaneously? Getting a multifamily unit property is the most recommended method to achieve this. When it comes to financing, there are many ways to finance the purchase. One of the…
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…
Get a Fast Quote: Click Here In this article, we will cover fixing your credit to qualify for home loan to get pre-approved. Credit and income are the two most important factors in qualifying for a home loan. Homebuyers can have the best credit and credit scores, but with no documented income, they will not…
Get a Fast Quote: Click Here This article will cover understanding credit when shopping for a mortgage. Credit and Income are the two most important factors lenders will thoroughly analyze prior to granting credit to borrowers. Most borrowers believe that as long as they meet the minimum credit score requirements to qualify for a home…
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 Article Is About Non-QM loans for Self-Employed Mortgage Borrower Guidelines. Non-QM loans for self-employed mortgage loans are now available. Self-employed borrowers had a difficult time qualifying for home loans. This is due to the write-offs they can utilize as self-employed borrowers. Lenders go by adjusted gross income after all unreimbursed expense deductions. This…
Get a Fast Quote: Click Here This article will cover frequently asked questions about first-time homebuyers FAQs with low credit scores. We will discuss common FAQs from first-time home buyers with low credit scores on home purchases. Dino Hasapis is one of the top real estate agents in the state of Illinois. Dino is one…
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 will discuss VA loan with high DTI mortgage guidelines for 2023. You can qualify for a VA loan with bad credit with a lender with no lender overlays. VA loans are the best home mortgage program in the nation. Lenders can offer 100% financing with no down payment required at lower mortgage rates…
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…
Call Now 