An appraisal is necessary to ensure there is adequate collateral in a home. Your lender will require the appraisal prior to clearing your loan to close. At what point does the lender order the appraisal, though?Looking for Current Mortgage Interest Rates? Click Here.Keep reading to find Read more
Mortgage Rate Lock: How Much Does it Cost?
Before you can close on a mortgage, you have to lock in the interest rate. No matter how hesitant you are, at some point you have to be willing to lock it or you can’t close on the loan. Just what is that rate lock going to cost you?Looking for Current Mortgage Interest Rates? Click Read more
Mortgage Loan Process: What Happens After Pre-Approval
Before you shop for a home, it’s a great idea to get pre-approved. This lets sellers and realtors know that you are serious about buying a home. It also lets them know that you can get the financing you need to buy it. Without this letter, some sellers may not entertain your bid. But once you have Read more
Why Underwriting Requirements Differ Between Mortgage Lenders
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
Important Questions You Need to Ask Your Loan Officer
Shopping for a mortgage can be just as stressful as choosing the right home. As you interview lenders, you should ask them certain questions. You should know the ins and outs of any mortgage you are considering. After all, you could have this loan for the next 30 years and it will likely be one of Read more
