Understanding the Mortgage Underwriting Process

Underwriting can seem like the most mysterious part of the mortgage loan approval process. What are underwriters? And what do they do? A Quick Overview of Mortgage Underwriting Mortgage underwriters assess risk. Using specific, pre-determined guidelines, they look at things like your credit history, debt-to-income ratio, and other assets, to figure out if you can [...]

By |2019-03-14T12:00:53-04:00March 14th, 2019|Categories: Mortgage, Purchase|Tags: , , |

Millennial Homeowners and Buyer’s Remorse

Arguably bigger than the "to-may-to/to-mah-to" or even the "po-tay-to/po-tah-to" debate just might be the over or under question. No, not in reference to sports betting — but that age-old question about how the toilet paper falls from the roll. The UK's Daily Mirror reported that Choice magazine had unearthed a 128-year-old patent which contained a [...]

By |2019-03-07T12:27:17-04:00March 8th, 2019|Categories: Mortgage, Real Estate Agents|Tags: |

Mortgage Discount Points vs. Origination Points

When you take out a mortgage loan, you’ll likely encounter two types of “points” — discount points and origination points. Though they sound similar, these "points" actually have two distinctly different purposes. It’s important to understand both — as well as what they mean for both your short-term and long-term mortgage costs — before you get [...]

By |2019-02-26T09:22:32-04:00February 26th, 2019|Categories: Mortgage, Purchase|Tags: , |

On-Time Closing Offers from Big Banks Aren’t Always That Special

We need to call "fake news." Keep reading — this has noting to do with politics. Some recent industry headlines read: "Chase Guarantees It Will Close a Mortgage in 21 Days or It'll Give you $1,000," or something to that effect. It is true — Chase is offering the guarantee. So if it is true, [...]

By |2019-02-21T15:03:09-04:00February 22nd, 2019|Categories: Mortgage, Real Estate Agents, Uncategorized|Tags: |

Can a Surviving Spouse Get a VA Loan?

VA loans — or loans backed by the U.S. Department of Veteran Affairs — are traditionally reserved for veterans or current active military members. But surviving spouses who have lost their military-employed husband or wife can also potentially qualify, too. It’s likely welcome news for these widows and widowers, as VA loans come with serious [...]

By |2019-02-20T15:49:22-04:00February 21st, 2019|Categories: Mortgage, Veterans|Tags: , , , |

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