Understanding Cash-Out Refinancing: What It Is and How It Works
Knowledge Base
March 13, 2025
A cash-out refinance is a popular financial strategy that allows homeowners to tap into the equity they’ve built in their homes. It’s a way to access cash by refinancing your […]
How to Use Your Home’s Equity to Pay Off High-Interest Credit Card Debt
Knowledge Base
March 04, 2025
If you’re struggling with high-interest credit card debt, you’re not alone. Many homeowners find themselves balancing substantial credit card payments while owning a valuable asset: their home. Leveraging your home’s […]
Getting a Mortgage with a New Job: What You Need to Know
Knowledge Base
February 24, 2025
Starting a new job is an exciting chapter in life. Whether you’ve just landed your dream role or transitioned to a new industry, this career move might also come with […]
What You Need to Know About the FHFA 2025 Conforming Loan Limits
Knowledge Base
February 19, 2025
As the real estate market evolves, homebuyers and industry professionals pay close attention to the annual adjustments of the Federal Housing Finance Agency (FHFA) conforming loan limits. These limits are […]
Preparing For the Costs of Buying a House: A Guide For First-Time Buyers
Knowledge Base
January 28, 2025
Buying a home is an exciting milestone, but for first-time buyers, it can also come with a lot of surprises—especially when it comes to the costs involved. While most people […]
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 […]
