If everything on your mortgage application isn’t textbook material, it’s fairly certain that you’ll receive a request for a Letter of Explanation. Just what is this letter and how do you write it?Keep reading to learn the specifics you must know in order to get the mortgage approval that you Read more
The Top Compensating Factors for Mortgage Approval
Lenders have guidelines you must meet in order to obtain an approval. However, sometimes they are able to grant exceptions for things like a high debt ratio or low credit score when you have compensating factors. What are Compensating Factors? Compensating factors are things that go above and Read more