What Not To Do When Getting A MortgageBy Southern Trust Mortgage March 15, 2018 Starting the mortgage process can be equally exciting and daunting. You will find yourself hastily preparing all documentation needed and consulting with your loan officer on a pretty regular basis. While your loan ...
After you find a house you can afford, fill out a mortgage application and begin the mortgage preapproval process, you can be well on your way to completing the home buying process. Working with a financial advisor can help you make sense of the income requirements needed to get a mortgage...
My answer is always the same: to go out andget pre-approved for a mortgage. A pre-approval is a crucial step in the mortgage application process. Preparing to get a mortgage, however, is something that many buyers don’t often think about. Taking out a mortgage loan is one of the mos...
Today, self-employed borrowers account for one in five specialist mortgages and the entire process is a lot easier than you might think. Whether you’re a self-employed first-time buyer or you’re a self-employed professional looking to re-mortgage, we’ve created a helpful guide outlining ...
Real estate technology meets a growing need When COVID-19 spread across the U.S. and stay-at-home orders forced businesses to close their doors, the housing market had two options: shut down or adapt. Due to the variety of regulations that suddenly surrounded the mortgage process, adaptation...
Those forms are designed to simplify the process for borrowers, but lenders have spent billions of dollars updating their systems to make sure they are complying, according to the Mortgage Bankers Association, which has a TRID Resource tab on its website. Some worry that even now lenders and ...
To avoid falling victim to these, educate yourself on the mortgage process before applying for a loan. Once you do apply, work closely with your mortgage broker or loan officer, and heed their advice. You can also contact a free housing counselor who can guide you through the process....
If you're thinking about getting a joint mortgage with another person, one of the most important things to consider is how your credit scores will be factored into the approval process. (iStock) A joint mortgage is when more than one person's name is on the home loan. Getting thi...
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The main obstacle to getting any mortgage is proving to the lender that you fit itsrisk profile. That means providing your employment history, credit history, and proof of income. This is a relatively straightforward process for U.S. citizens because most have a credit trail in the United Sta...