17 Mar 2022 Pre-Qualification vs. Pre-Approval: What’s t... “You’ve Been Pre-Qualified!” We’ve all received mailers and emails letting us know that our finances are in good shape to buy a house. The message usually goes on to say that you’re a great potential customer to become a homeowner. After a pre-assessment of your finances, credit history, and earning potential, a lender has determined […] Share on Facebook Share on Twitter
16 Mar 2022 How Does A Mortgage Underwriter Verify Income? The mortgage underwriting process is essential to verify income and ultimately determine whether the loan is approved or not. In addition to examining your income, the underwriter will also dive into significant events such as recently graduating from school, switching careers, or starting a new business. Because the amount of money being loaned is substantial, […] Share on Facebook Share on Twitter
9 Mar 2022 How To Spot A Reverse Mortgage Scam Reverse mortgages have helped countless senior homeowners convert a portion of their home equity into much-needed cash to provide added income during retirement. This type of loan offers many advantages for seniors, and it’s no surprise that many have been applying in recent years. If you think a reverse mortgage is right for you, contact […] Share on Facebook Share on Twitter
9 Feb 2022 12 Personal Finance Do’s and Don’ts when Refin... When you refinance your house, the new loan pays off the existing loan. The most obvious advantage of refinancing is helping financially strained borrowers to use some of the money from their home’s value to cater to other needs. This is especially helpful when you’re anticipating an increase in your budget. Other benefits include shortening […] Share on Facebook Share on Twitter
9 Jan 2022 Pocket Guide: Is Now The Right Time To Buy A Home? “Is now the right time to buy a home?” This is a question that everyone should ask themselves when they start dreaming of a new house and saving up for a down payment. Whether you’ve been saving for several years or you have just started dreamily browsing Zillow, the best time to buy is mostly […] Share on Facebook Share on Twitter
