When you apply for a certain mortgage program, you expect to get the same answers from every lender. However, that’s not always the case. The same mortgage program can have different underwriting guidelines from lender to lender.Get Matched with a Lender, Click Here.It’s called lender Read more
Do Lenders Verify Employment the Day of Closing?
Lenders always verify employment before you close on a loan. It’s not enough to supply your paystubs or even your tax returns. Lenders need to hear from a third party that you are employed. This helps the lender determine that your income is as accurate as you reported.Get Matched with a Lender, Read more
The Top Six Ways to Improve Your Chance of Mortgage Approval
Finding the right house will seem like a breeze after you get through the mortgage application process. If this is your first time, it’s normal to feel completely overwhelmed. Luckily, there are a few tried and true ways to help make sure you increase your chances of approval.Get Matched with a Read more
Lenders Loosen Credit Standards Amid Tougher Competition for Fewer Mortgages
If you can’t beat them, join them. Mortgage lenders reportedly eased their credit standards, and will likely to do so, bracing for a tougher competition when mortgage demand is declining.Fannie Mae’s Mortgage Lender Sentiment Survey® for the quarter ended June 30, 2017 reported that the number Read more
Buyers Should Look at More Than Interest Rates
Contrary to popular belief, focusing on the interest rate on a mortgage is not the right choice. There are other factors to a mortgage payment that make it affordable. You must look not only at your current affordability, but over the life of the loan. Remember, this is a loan you will have for many Read more
