A lot of things go into underwriting a mortgage but contrary to what people say not everything is black-and-white. Not everyone has 20 to 25%
Underwriters have qualifying income guidelines that are unknown to the borrower. If you think common sense is important, it is, but not when it comes
When a borrower cannot qualify for a loan by themselves, a co-signer can be used to compensate and strengthen the possibility of a borrower getting
When you apply for a mortgage loan, avoiding the obstacles below will help minimize any delays during the mortgage process and lead to a smoother
I’m not talking about doing the limbo. I am talking about the minimum amount of money you need to become a homeowner. Believe it or
You find a home, get excited, apply for a mortgage. Everything looks great and then uh oh, you get a call saying that your approval
What are seller’s concessions a/k/a seller contributions? Answer: Negotiable dollar amounts that the seller pays toward closing costs on behalf of the buyer on a
Buying a condominium (condo) is a bit different than buying a home. When you own a home you are accountable to yourself (and maybe a
Momentum has picked up and almost every economic indicator is better than it was. People are starting to make more money, and feeling good about
Part 2 of the Credit Score series Repairing damaged credit is a bit like trying to lose weight: You need to put in time and
Part 1 of a Credit Score Series FICO® Scores are calculated from different credit information sources in your credit report. There are five classes of
Ideally, financial security should be your primary goal for retirement, which means three things: (1) your expenses should be manageable, (2) you should have adequate
