What Happens If Your Mortgage is Denied After You Get a Pre-Approval?
Especially in today’s real estate market, getting a mortgage pre-approval is critical to ensure your financial viability when making an offer on a home. In most cases, a seller will not even seriously consider an offer unless it is accompanied by a pre-approval saying that you are financially able to buy the home and have.. Read More
What Is Your Best Recourse If Your Mortgage Loan Has Been Denied?
Applying for a mortgage loan can be a stressful experience, and being denied can be a huge disappointment, especially if a purchase hinges on your approval. Fortunately, you may have other options before you give up on a mortgage. There are numerous reasons an underwriter for a mortgage lender may deny your application. Depending on.. Read More
Guidelines for Foreign National Mortgage
In the United States, we have a long tradition of welcoming non-residents, allowing them to buy and finance real estate here. But for a non-resident, financing real estate can be more difficult. Fortunately, there are loans specifically tailored to foreign nationals, allowing them to get needed mortgage financing for their home or investments in the.. Read More
Getting a No Income Verification Mortgage in California
Good things often come to an end. This may be the case for our current rock-bottom interest rates in the near future. Although the Federal Reserve has taken a very conservative stance on raising rates, we now see the beginning and it only stands to reason that it will continue. You may have been on.. Read More
What is a Non-Conforming Mortgage?
Conforming loans, or those underwritten to the guidelines of Fannie Mae and Freddie Mac standards, are good for some people. Individuals who have a relatively low debt-to-income ratio, good credit scores, and verifiable income will have an easier time qualifying for a conforming loan. But that leaves a lot of borrowers out in the cold… Read More
No Doc Loans For Self-Employed
Today, more people than ever before are starting businesses and going out on their own. These are exciting times for entrepreneurs, start-ups, and other small businesses. In many ways, the entrepreneurial and adventurous spirit is what drove the very founding of this country. But when it comes to buying a home and applying for a.. Read More
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