The refinance process
Searching for information regarding refinancing? I have put together a quick summary of the process from application to closing below. The Application After we determine that a refinance will be …
Pre-Qualification vs. Pre-Approval
We often have conversations with our clients regarding the difference between a pre-qualification and a pre-approval. Some clients believe that these are the same thing. It is important to know …
Waiting periods for derogatory credit
Several of our clients come to us after some sort of mishap with their credit or previous mortgage. Whether it was a foreclosure, short sale, or bankruptcy, they all ask …
Monthly Mortgage Payment and Cash to Close
When it comes down to it, as consumers, we all want to know the bottom line, the numbers. It is important to understand what you are paying for something and …
Putting together the Perfect Mortgage Application
When looking for a home, preparing in advance will save you time and trouble once you’ve started making offers. When the time comes for a mortgage application we send our …
How TRID impacted the mortgage industry
The mortgage industry is going through a lot of dramatic changes that affect the mortgage process. The government has created stricter rules regarding documentation. As a buyer, it is important …
How an Adjustable Rate Mortgage (ARM) works
Adjustable rate mortgages (ARM) can be intimidating for a borrower to think about when they are going through the mortgage process. An ARM has its benefits and risks. I always …
How balance transfers impact your FICO score
Boosting your credit can take time, patience, and effort. A tool to consider when boosting, or even maintaining your credit is balance transfers. Here are some important things to remember …
USDA Summary: Rural Housing Guaranteed Loan
The Guaranteed Rural Housing Loan Program is offered through the Rural Housing Service (RHS), an agency of the USDA. The program is designed to help low-to-moderate income families achieve homeownership in …
Conventional Loans and unreimbursed employee business expenses
There has been some changes on unreimbursed employee business expenses! The following changes and clarifications have been made on Conventional Loan related to unreimbursed employee business expenses. For a borrower …