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If you’re researching mortgages or in the process of applying for a mortgage, you’ve likely come across the names Desktop Underwriter and Loan Product Advisor. But if your lender or loan officer..

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..

In normal years, mortgage rates move in concert with mortgage-backed securities and 10-year Treasury note yields, the benchmarks for mortgage rates. However, the COVID-19 crisis has created..

Despite reducing their debt balance, a client of mine recently noticed a drop in their credit score, which seemed counterintuitive. If they paid down debt, why would their credit score be getting..

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..

Calculating your income is a fairly simple exercise… unless you’re applying for a mortgage.

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..

Even when you’ve saved enough for a down payment, you’re not quite out of the woods as far as getting your mortgage application approved.

That’s because, as far as a lender is concerned, just..