Don’t take your good credit rating for granted. Good-to-excellent credit takes attention. It takes knowledge. It takes perseverance. It takes action. Monitoring and actively protecting one’s credit should be a regular part of their everyday life. One cannot assume that their credit is fine. They need to proactively protect and constantly observe and monitor their
Mortgage pre-approval is needed in order to make an Offer in our area. Anyone without one appears disorganized, at best, and is likely to be written off by a seller as not worthy of consideration, at worst. The first question from a seller or seller’s agent about an offer is “How much?” The second is
There is a logic to the way the lenders choose who can borrow for a mortgage. Since 2014, mortgage loans have standard guidelines that require that any mortgage borrower be able to prove that they can repay their loan. Lenders document income, but also debt. How you have been handling debt will affect your mortgage
Mortgage underwriting change. What does it mean to you? There’s a new version of credit analysis that will be part of the approval process. Changes will start having an effect when the new Fannie Mae Desktop Underwriter* launches June 25th. It will allow lenders to discern between applicants who carry balances on credit cards vs.
Mortgage pre-approval is needed in order to make an Offer in our area. Anyone without one appears disorganized, at best, and is likely to be written off by a seller as not worthy of consideration, at worst. The first question from a seller or seller's agent about an offer is "How much?" The second is