The Fallacy of “In House” Underwriting
Posted in: Loan Process, Truth in Lending, Why Use a Mortgage Broker
Some lenders would have you believe that the only way you can get a mortgage today is from someone who has “in house underwriting,” because that’s what they do. It’s not the boon they claim.
Understanding Source of Funds
Posted in: First Time Homebuyer, Loan Process, Purchase
Banks require that all funds used for a purchase transaction be both sourced and seasoned. Knowing what’s allowed and what’s not early on can prevent surprises at the closing table.
Top 5 Market Factors That Affect Mortgage Rates
Posted in: Loan Process, Purchase, Refinance, Truth in Lending
There are many factors that affect mortgage rates each and every day. This is a description of the 5 most influential in the short run.
Getting your mortgage application right on the first try
When applying for a mortgage, no page of the documentation is unimportant. Check these tips to make sure that you get them all on the first try.
Communication is Key to a Stress Free Home Purchase
Posted in: First Time Homebuyer, Loan Process, Purchase, Why Use a Mortgage Broker
Buying a home is a huge investment of money, time, emotion and energy. Great communication is the single most important key to a successful, stress-free home purchase. Make sure that you’re getting it.