About MortgagesAugust 13, 2018Online mortgages vs online business loans: What’s the difference?Like online mortgages, online business loans can make the process easier for borrowers. But there are some dangers for the unwary.
About MortgagesAugust 9, 2018Preparing for your real estate purchase closingYour guide to buying a home and being ready for your closing, including "What to Bring" and why you should never bring a personal check to a settlement.
About MortgagesAugust 3, 2018Signing your final loan documents: what to look forYour final loan documents and other paperwork obligate you to your home purchase and mortgage. Here;s how to read them before signing.
About MortgagesAugust 2, 2018Fixed rate mortgage: Guidelines and rates for 2024A fixed rate mortgage is the most stable product on the market. It provides unmatched security for the homeowner. Analysis of fixed loans and rates.
About MortgagesAugust 1, 2018Mortgage loan documents: What you’ll read, what you’ll sign, and what you’ll keepMortgages mean paperwork. But except for the most important, you don't need to read or keep all of the mortgage loan documents you see. Here's how the process normally goes, and how to deal with print fine and large.
About MortgagesJuly 29, 2018What should you do if your mortgage is sold?What Should You Do If Your Mortgage Is Sold? To avoid being scammed, take these precautions when your home loan is sold to another servicer, investor or lender.
About MortgagesJuly 29, 2018Home Closing: What Happens On the Day of Funding?Your home closing may also be called the day of funding. That's when the lender reviews your file, determines that all requirements for underwriting and auditing have been met, and wires the funds to the title company.
About MortgagesJuly 22, 2018What does “underwriting” mean? How to deal with loan conditionsWhat does underwriting mean when you apply for a mortgage? Underwriters are lending employees trained to examine your financial and other documents, and either decline or approve your mortgage application.
About MortgagesJuly 16, 2018Can I make up for bad credit with a high income and down payment?What's more important for a mortgage: income or credit scores? Both, but even people who earn a lot of money can't get a loan without decent credit. Here's why.
About MortgagesJuly 16, 2018Mortgage underwriting: What are “conditions” and how do I satisfy them?You will encounter mortgage underwriting conditions at almost every step of the mortgage process. But being prepared in advance can minimize the number of requests, and the hassle of meeting them.
About MortgagesJuly 14, 2018How to decipher the stack of mortgage loan disclosures from your lenderThe most confusing mortgage disclosures are no longer completely awful to navigate. Actually, they are pretty easy, once you understand a couple of things.
About MortgagesJuly 13, 2018Buying a home: How do you know that you’re getting a good house?How do you know that you're getting a good house when buying a home? Look at marketability, safety, and functionality, and get professional help when you need it.
About MortgagesJuly 6, 2018What does homeowners insurance cover, and why does your lender require it?What does homeowners insurance cover, and why does your mortgage lender require you to buy it?
About MortgagesJune 29, 2018What happens when my mortgage is sold? Dos and Don’tsWhat happens when your mortgage is sold from one lender to another, or to a mortgage loan servicer or investor? Not much. Here's how to handle it correctly.
Buying a homeJune 23, 2018Use your mortgage Closing Disclosure (CD) to get the deal you were promised
About MortgagesJune 21, 2018Should you choose low mortgage rates and high processing fees, or vice versa?Mortgage processing fees and other costs vary by program and lender. And you, the borrower, also have control over what you pay. Higher rates cost less, and lower rates cost more.
About MortgagesJune 6, 2018What to look for in a mortgage companyYou want the best mortgage company when you buy a home or refinance. But how can you tell a good mortgage company from a bad one? Find out here.
About MortgagesMay 18, 2018Plain English guide to terms you’ll hear from your loan officerYour loan officer might be speaking another language as far as you're concerned. But mortgage lending is easy to understand once we decode these terms for you.
About MortgagesMay 2, 2018Background check: Verbal verification of employment and other intrusionsThe verbal verification of employment (VOE) is required by almost every mainstream lending program to make sure that your income documents are accurate and reflect your current employment and income.