Mortgage Lenders are Increasing Jumbo Mortgage Limits
Some lenders are offering what seems to be a great relief to those hoping to purchase or refinance a home above California’s $548,250 conventional mortgage loan limit. This is well ahead of the expected credit limit hikes to take place this month. Some motivated...
3 Items Lenders Hope Not to Find in Bank Statements
When applying for a mortgage loan, most lenders will ask you to supply at least one or two months of bank statements to get a better picture of your financial stability and responsibility. If you are applying for a bank statement loan, you could be asked for about one...
Reasons Mortgages Get Held Up in Underwriting
Reasons Mortgages Get Held Up in Underwriting – An underwriter for a mortgage, in a sense, has the job of playing the “bad cop” role in approval. They are tasked with looking over all of the details with a fine-tooth comb. They look over every detail of a...
What Does a Mortgage Lender Look for When they Ask for Bank Statements?
When applying for a mortgage loan to purchase a home, a lender is going to want to see the documentation that provides solid proof of your income history and current income status. Most lenders require this proof in the form of a tax return, but there are other forms...
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Here you’ll find tips, updates on mortgage laws and changes that can affect your loan or approval. Check back often for more great ideas.