A non-occupying co-borrower that has a solid credit history, low debt and enough income to meet their needs as well as help one of their relatives can step in and boost an overall mortgage application.
19
Nov
2014
We strive to provide the best Mortgage and Real Estate information on current programs, news and the industry at large. Please subscribe to our blog to receive updates via email. Follow the conversation at #MortgageUpdated on twitter or #MortgageUpdated on Facebook for the latest industry updates and helpful articles from around the blogosphere!
The focus of #MortgageUpdated is to be a source of material that can used by everyone. For example, real estate agents can find useful tips on improving their marketing, staying up to date with social media changes, and developing a plan to set themselves apart from their competition.
In addition, mortgage lenders can stay up to date with changes in mortgage rules, learn about new programs and find out how peers are creating a lasting impression on their clients.
Lastly, people who are buying or selling a home are the most important part of our focus. We want to educate our clients, and the clients of our peers, so that they can enter into a real estate transaction armed with the best knowledge for their situation.
01
May
2014
Changes made in conventional lending rules a few years ago now make it possible for real estate investors to finance more than 4 investment properties. Follow these guidelines for help with financing properties 5 through 10.
24
Apr
2014
Buying a home while in the middle of a divorce takes a bit more preparation and understanding compared to other types of home purchases. The following information should help people that are in the midst of a divorce and wishing to buy another home.
27
Mar
2014
Learn who is involved in the process of closing a loan and why it can take some time to seal the deal to your new home.
06
Mar
2014
While the cash gift is not only allowed but encouraged by the Federal Housing Administration, there are rules to how the money can change hands and how it is all documented. If the steps are not followed it is very likely that the home loan will be rejected.
09
Jan
2014
Here are some major questions any potential home buyer should ask their mortgage lender before signing up for a loan.
18
Jan
2010
All properties designated as new, proposed, or under construction must have a valid builder identification number on file with the VA. If you are not yet approved, you will need to complete the following 3 documents to get a VA builder ID number.
John Wick
NMLS ID#: 248499
With many years of experience in the mortgage banking industry and extensive practice in originating home loans for both...Read More →
Michael Benson
NMLS ID#: 285794
I have been in the Mortgage loan lending business for over 18 years, as a Loan Officer and a broker. I have worked with ...Read More →
