At least one time during the home loan process I get asked, what is the mortgage rate lock? A mortgage rate lock is a mortgage lenders commitment to honor an exact interest rate for a specific period of time. This means that once I have promised you a specific...
Being Pre-Approved is Your #1 Home Buying Preparation Tool Unless you are paying cash for a house it is imperative to get a mortgage pre-approval letter. What is this letter? A preapproval letter is a letter from your mortgage officer or bank, stating that you can...
Have you had to deal with a short sale, foreclosure, or bankruptcy? If anyone of these financial issues has plagued you in the past you might be wondering when you can qualify for a mortgage again. Typically, it’s only a matter of time. The waiting period is...
It’s springtime! And there’s no better time to prepare to buy a house. Rates are still low, although they are creeping up, and there’s plenty of inventory. So you want to pull the trigger on a new home loan. Doing some research ahead of time will set...
Self-employment – Entrepreneur. It means a lot of things and sometimes self-employed people think they may not be able to get a home loan because they don’t collect a W-2 and they think it might be impossible to prove their income. But this is not the...
We live in an age of button pushers and talking to our devices. With Google and Alexa we practically don’t have to do anything anymore. Just tell her what to do and if she’s connected, she can do it. So what about this RocketMortgage? On the surface, it...