Mortgage overlays are specific rules a lender follows ABOVE the published guidelines set by Fannie Mae, Freddie Mac, FHA, VA and USDA.
What are Mortgage Overlays? Lender Guidelines Explained!
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Open House vs Private Showing: Which Is Better for a Home Seller
We look at open houses compared to private showings, to reveal which is better when you are trying to sell your home.
VA Refinance
VA Refinance (Non-Streamline) A home loan, or a mortgage, is just like any tangible part of a home; it can be replaced. Appliances get updated or replaced due to improvements in efficiency. Carpeting, paint schemes, furniture and décor are replaced in order to accommodate different needs or to stay current with modern styles. A mortgage can […]
Insane but True Facts About the USDA Mortgage
Although some of these things may sound too good to be true, or even insane, all of the following facts about the USDA mortgage program are true.
FHA Condo Spot Loan Approvals
Back in 2010 FHA changed its rules for offering loans on condo units. The rules became so strict that a large number of condos across the country would not qualify for an FHA loan. Thankfully, changes are here. As of October 15, 2019, FHA will allow financing on a single-unit approved condominium project purchase. The […]
Should I Refinance My Mortgage?
When mortgage rates drop, current homeowners are faced with the big question “Should I refinance my mortgage?” Learn the top reasons to refinance your home!
How To Purchase A Fixer-Upper And Totally Remodel It
Learn how to purchase a fixer-upper and totally remodel it! With a little insight and some negotiation skills, it is possible to find that diamond in the rough.
Homebuyer’s Guide to Debt-To-Income (DTI) Ratio: How To Calculate
Take the time to understand how the debt-to-income ratio works and what you can do to bolster your chances of getting approved for a mortgage.
Difference Between a Home Inspection vs Home Appraisal
We take a look at the difference between a home inspection and an appraisal, clearing up some common misunderstandings about these two important stages in the buying process
How To Move Out Of Your Parents House
We look at the things you can do to get ready to move out of your parents house less scary and more successful. Easy steps that anyone can follow.
