What Credit Score Do You Need to Buy a House?
Knowledge Base
December 05, 2024
Purchasing a Home and Credit Scores Purchasing a home is one of life’s most significant financial milestones. While factors like income, savings, and debt-to-income ratio are important, your credit score […]
What is Considered Debt When Applying for a Mortgage?
Knowledge Base
September 09, 2024
Understanding Debt in Mortgage Applications Debt is any money you owe to lenders or creditors, and it plays a crucial role in determining your ability to repay a mortgage. Lenders […]
Understanding Non-Qualifying Mortgages: A Comprehensive Guide
General News
September 09, 2024
What Are Non-Qualifying Mortgages? Non-qualifying mortgages (Non-QM) are home loans that do not conform to the underwriting standards set by the Consumer Financial Protection Bureau (CFPB) under the Qualified Mortgage […]
Understanding How Mortgage Rates Are Determined
General News
September 09, 2024
The Basics of Mortgage Rates Mortgage rates are essentially the interest rates charged by lenders on home loans. These rates can be fixed, meaning they remain the same throughout the […]
Myths About Divorce Mortgage Lending
General News
June 25, 2024
Divorce is a challenging process that brings numerous financial considerations, one of the most significant being the impact on homeownership. Among the myriad of concerns, mortgage lending during a divorce […]
Underwriting 101
Knowledge Base
December 19, 2023
Underwriting (AKA “UW”) is the process by which your lender verifies your income, assets, debt and property details in order to issue final approval on your loan application. In other […]
HELOC — Home Equity Line of Credit
Knowledge Base
December 12, 2023
A Home Equity Line of Credit (HELOC) is a distinctive financial tool in the mortgage world that offers homeowners a flexible way to access funds. Understanding how a HELOC works […]
Reverse Mortgages
Knowledge Base
December 05, 2023
A reverse mortgage is a unique financial product designed primarily for homeowners aged 62 and older, offering them a way to convert part of the equity in their homes into […]
What is a USDA Loan?
Knowledge Base
December 01, 2023
A USDA home loan is a zero down payment mortgage for home buyers in eligible towns and rural areas. Because USDA loans allow for a $0 down payment, they can […]
Are You Thinking About Buying a Home?
Knowledge Base
November 20, 2023
So, you’re thinking about purchasing a home, now what? Deciding whether you’re ready to buy a home is a major decision and can feel overwhelming. We’re here to help with […]
What are Discount Points?
Knowledge Base
November 15, 2023
When you are purchasing or refinancing a home, your lender will quote you an interest rate for your loan. The interest rate will affect your monthly mortgage payment, so it’s […]
Don’t Mess With Your Credit
Knowledge Base
November 13, 2023
You have been dreaming about owning your own home for years and now that you have found the perfect home, don’t lose it by messing with your credit. Closing on […]
