7 Things to Avoid After Applying for a Mortgage
7 Things to Avoid After Applying for a Mortgage – “Congratulations, you were pre-approved for your mortgage!” This exciting message likely comes with a sigh of relief, and allows you to enter escrow on that home you are thrilled to buy. There are a...
Why Does Debt-to-Income Ratio Matter?
Why Does Debt-to-Income Ratio Matter? There are multiple metrics lenders use to determine someone’s ability to repay a mortgage, as well as how much debt they are able to take on. The more you understand the mortgage approval process and what your lender is...
What Do Lenders Want to See from a Self-Employed Borrower?
What Do Lenders Want to See from a Self-Employed Borrower? – Are you a self-employed borrower hoping to buy a home in the new year? Qualifying for a mortgage without traditional proof of employment and income may sound scary, but when you work with a lender who...
Should You Refinance in 2023?
Should You Refinance in 2023? – The refinancing storm of the past few years has calmed down significantly as the FED has raised the federal funds rate, but that doesn’t mean your opportunity to refinance has necessarily passed. There are still some people...
Can I Refinance if I’m Self-Employed?
Refinancing as a self-employed person might seem out of reach. Without typical proof of income or tax returns to prove to your lender that you can afford your home, qualifying for a traditional mortgage refinance is tricky. But that doesn’t mean you can’t...
Is Raising Your Credit Score Your New Year’s Resolution?
Is Raising Your Credit Score Your New Year’s Resolution? – Trying to decide on a good New Year’s resolution for 2023? Consider making yours work to raise your credit score. It might not be as hard as you think, and the benefits are significant. If...
2-1 Buydowns for Self Employed Borrowers
2-1 Buydowns for Self Employed Borrowers – Have you heard about a 2-1 buydown? This mortgage solution can provide borrowers with an way to lower their mortgage interest rate temporarily, and is often ideal for self-employed borrowers. Keep reading for everything...What to Know about Discount Points
Are you looking for creative solutions to make buying a home today affordable? With rising interest rates, some buyers are concerned about how to afford the home they want. One of the solutions available today is buying discount points. To learn more about what...
What to Do Before Applying for a Self-Employed Mortgage
Qualifying for a self-employed mortgage without a traditional job may sound stressful. When you realize that your lender will need proof of income, and your income is variable or has a shorter history because you are self-employed, you may be wondering how you can...
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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.