What is a Mortgage Rate Lock?
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...
Avoid Home Loan Pre-Approval Shaming
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...When Can I Qualify for a Mortgage After Bankruptcy?
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...6 Key Things That Help You Qualify for a Mortgage
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...
Can I Get a Home Loan or Refinance if I’m Self-Employed?
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...
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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.