FHA Guidelines? Why Are The Big Banks Abandoning Them? 

The Federal Housing Administration or FHA is an extremely important department within the Department of Housing and Urban Development. It is credited with righting...

What is Loan Servicing? A Beginner’s Guide to Mortgage Loan Servicers

The mortgage market is certainly complex at times as there are so many functions required to approve a loan. The mortgage company must order services...

Impact of Brexit Lowering Mortgage Rates

In one of the most watched political developments in recent memory is the decision by British voters to leave the European Union. This “exit” narrowly...

VA Loan Approval: How to Use Your VA Eligibility

There are two primary sources of mortgage money in today’s marketplace- conventional and government backed loans. Conventional loans are those underwritten to standards issued...

Fannie Mae vs. Freddie Mac: Which One Is Better?

If you’ve ever gone completely through the mortgage process you know full well there are rules that lenders must follow. From federal compliance to...

Mortgage Impound Accounts: Good or Bad?

  Are you getting ready to buy a home? Maybe you’re thinking of refinancing and you’re shopping around for a lender? Applying for and getting...

Does Your Mortgage Lender Tell You When It’s Time to Refinance?

Both consumers and the majority of Mortgage Lender view a mortgage application as a singular transaction. And for the most part, that might seem...

Home Buyers Closing Costs: The Ultimate Guide

Future homebuyers are certainly aware they’ll need to have some sort of a down payment when obtaining a home loan. Unless they’re VA eligible...

Is it Smart to Make a Non-Contingent Offer on a Home Purchase?

When you make an offer on a home, it’s not always just about the price. That’s certainly one of the most important facets but there...

The Truth About Transferring a Home Appraisal

When lenders receive a loan application they actually begin the process of issuing two separate approvals, not just one. If either doesn’t meet the...