Tag: mortgage tips
Inside the mind of a mortgage underwriter
When it comes to getting your mortgage loan approved, think of the bank or lender’s underwriter as the key gatekeeper. Charged with the task of reviewing the entire file of documents from the loan process real estate transaction, underwriters basically vet borrowers, making sure they meet all mandated guidelines and criteria and clearing the way […]
12 Credit and Financial Tips Just in Time For the Holidays
The holidays are fast approaching, and while it’s a wonderful time to be with family and friends, and give back to our fellow human beings, it’s also a time of year that can be treacherous financially. For many households, there is a huge spike in spending and debt between Thanksgiving, Christmas or Hanukkah and New […]
Answering the top 10 Googled questions about mortgages (part 2)
Each month, about 4 million U.S. homeowners and loan shoppers go to Google for answers to their top mortgage questions. So in part one of this blog, we covered the first five most popular mortgage search queries on Google. Here are the next results of the top 10 Googled questions about mortgages – with our […]
10 Things to consider before using an online mortgage lender
It starts out innocently enough, with a good-intentioned homeowner or buyer going online to Google: “Best mortgage interest rate” or something similar. Always looking for the best deal (like we all are), the home loan shopper instantly is flooded with thousands of paid ads, as well as over 14 million search results, all guaranteeing the lowest […]
Why Debt-to-Income Ratio is the cornerstone of any mortgage loan approval
When you’re applying for a mortgage loan to buy a house or refinance, lenders look at many important factors, including a borrower’s credit score, the amount of money they’re putting down, and how much money they have in the bank. But there is no determining factor more important than a borrower’s Debt-to-Income Ratio, or DTI […]
7 Tips for getting a jumbo mortgage loan.
There are certain things that are quintessentially American: big cars, big buildings, big movie stars, bigger hamburgers, and…big mortgage loans? In fact, jumbo loans – or any loan above conventional loan limits as set by government-sponsored Fannie Mae and Freddie Mac – are back in a big way. Despite having gone through some volatility during […]