It’s a common myth surrounding the USDA loan that it takes ‘forever’ to get to the closing. It really doesn’t take too much longer than any other loan on the market. While there is one extra step USDA lenders have to take, if they do their job right, it won’t take very long.Compare Offers from Read more
What To Do if Your Mortgage Application Has Been Denied
The last thing you want to hear when you apply for a mortgage is that it’s been denied, but it happens. The good news is that it doesn’t mean it’s the end of the road for you. The bad news is that you have a lot of work ahead of you.Compare Offers from Several Mortgage Lenders. Learn the Read more
The Dos and Don’ts of the Mortgage Approval Process
When you are ready to buy a home, you have a lot of decisions to make. You also have a lot of work to do. Lenders will evaluate your finances inside and out to make sure that you are a good candidate. Because of this, you must be on your best ‘financial behavior.’ It’s best if you freeze your Read more
What Does a Conditional Loan Approval Mean?
When you apply for a mortgage, you may get one of several types of approval. After the initial pre-approval, you may hear that your loan is ‘conditionally approved.’ As the name suggests, there are conditions that remain on the loan file, but given proper satisfaction of those conditions, you will Read more
What is Considered a Primary Residence?
How you use your home will determine the loan program you can use. It will also determine your interest rate and closing fees. Usually, the best rates and terms go to those borrowers that are borrowing for a primary residence.Looking for Current Mortgage Interest Rates? Click Here.Your Read more
