It’s not just in purchase loans where low downpayments and high LTVs are the norm. Refinance mortgages can allow up to 97% loan-to-value ratio or LTV such as... Read More
The month August showed a good kickstart for this month’s mortgage application activity. In a report released Wednesday, August 9, 2017, weekly mortgage applications gained 3.0 percent from... Read More
Both Fannie Mae and Freddie Mac failed this year’s Dodd-Frank Act Stress Test (DFAST). This is according to the Federal Housing Finance Agency (FHFA). This means that both Government... Read More
Student loans, personal loans, auto loans, credit cards. These debts easily eat at your monthly income and the actual repayment of these debts is
Mortgage giants Fannie Mae and Freddie Mac have recently reported their respective incomes for the second quarter of 2017. Both Government-Sponsored
IMPORTANT MORTGAGE DISCLOSURES:
When inquiring about a mortgage on this site, this is not a mortgage application. Upon the completion of your inquiry, we will work hard to match you with a lender who may assist you with a mortgage application and provide mortgage product eligibility requirements for your individual situation.
Any mortgage product that a lender may offer you will carry fees or costs including closing costs, origination points, and/or refinancing fees. In many instances, fees or costs can amount to several thousand dollars and can be due upon the origination of the mortgage credit product.
When applying for a mortgage credit product, lenders will commonly require you to provide a valid social security number and submit to a credit check . Consumers who do not have the minimum acceptable credit required by the lender are unlikely to be approved for mortgage refinancing.
Minimum credit ratings may vary according to lender and mortgage product. In the event that you do not qualify for a credit rating based on the required minimum credit rating, a lender may or may not introduce you to a credit counseling service or credit improvement company who may or may not be able to assist you with improving your credit for a fee.