A good mortgage broker is a teacher, coach, financial advisor, and real estate financing expert all wrapped up into one.
How shopping for a mortgage affects your credit is a top concern for many first-time homebuyers. For the most part, this concern is overblown... if you take the right precautions.
When you’re in the process of looking for a home to buy, it’s easy to focus on the purchase price and not much else. However, buying a house or condo includes many additional costs that you need..
While a few lenders still require borrowers to come up with at least 5 percent of their down payment, most allow you to use gift money from a donor to pay your entire down payment and/or closing..
Loan Officers work hard to get the most current, comprehensive view of your finances so—in addition to bank statements—they’ll often ask you to provide a transaction history. They need your..
It’s never a foregone conclusion that you can use rental income to qualify for a mortgage, even if the property is generating positive cash flow.
Fannie Mae lays out several specific guidelines..
That’s because, for Conventional and FHA loans, Fannie Mae (FNMA) and Freddie Mac’s (FMCC) guidelines..
It might be inconvenient, but you know maintaining your car is better than risking a major, expensive breakdown. Plus, if you don’t maintain it, the resale value plummets.
So you bring it in for..
If you’ve ever asked your agent or loan officer what a DU or LP is, only to receive an answer that left you even more confused, you’re not alone.
DU stands for Desktop Underwriter and LP stands..
When you’re dreaming about your new home—especially if it’s the first one—the last thing on your mind is an impound account. But impound accounts (known as escrow accounts in some states) are..
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