Clik here to view.
Top Mortgage Terms To Know
While most mortgage web sites offer a glossary containing hundreds of real estate and lending related terms, we wanted to highlight the top terms that most borrowers will hear several times throughout...
View ArticleClik here to view.
Top 8 Things To Ask Your Lender During The Application Process
Knowing what questions to ask your lender during or before the loan application process is essential for making your mortgage approval process as smooth as possible. Many borrowers fail to ask the...
View ArticleClik here to view.
Common Documents Required For A Mortgage Pre-Approval
Even though many lenders are still quoting quick 10 minute pre-qualifications over the phone or online, a true mortgage approval that holds any weight is one that has been issued by an underwriter who...
View ArticleClik here to view.
Calculating Loan-to-Value (LTV)
Understanding the definition of Loan-to-Value (LTV), and how it impacts a mortgage approval, will help you determine what type of loan amount and program you may qualify for. Since the LTV Ratio is a...
View ArticleClik here to view.
What’s My Debt-to-Income (DTI) Ratio?
Debt-to-Income (DTI) is one of the many new mortgage related terms many First-Time Home Buyers will get used to hearing. DTI is a component of the mortgage approval process that measures a borrower’s...
View ArticleClik here to view.
What’s The Difference Between A Single Family, Second Home and Investment...
When applying for a mortgage, a borrower’s “Occupancy Type” is a major factor in the amount of down payment required, loan program available and mortgage interest rate. Whether you are purchasing,...
View ArticleClik here to view.
Alternate Sources For Establishing Credit
While the basic Rule-of-Thumb for acceptable credit history is a minimum of four trade lines documented on a credit report, there are alternative methods of building a credit picture that an...
View ArticleClik here to view.
Is There A Rule-of-Thumb Regarding The Number Of Credit Lines To Have Open?
While the actual credit score has a big impact on a loan approval, it’s not the only component of the credit scenario that underwriters consider for a mortgage approval. Since loan programs, individual...
View ArticleClik here to view.
Ten Things You Can Do To Protect Your Identity
Facts About Identity Theft: It’s estimated that there were 10 million victims of identity theft in 2008, and 1 in every 10 U.S. consumers have reported having their identity stolen. The U.S....
View ArticleClik here to view.
Do I Need To Sell My Home Before I Can Qualify For A New Mortgage On Another...
Although every situation is unique, it is not uncommon for homebuyers to qualify for a mortgage on a new home while still living in their primary residence. Perhaps you are outgrowing your current...
View Article
