Getting A Mortgage With Student Loan Debt
As the cost of attending college skyrockets, so does student loan debt. Getting a mortgage with student loan debt might seem impossible, but it’s not. There are many home loan programs to choose from, and getting a mortgage with student
Loan Estimate Explained
The Loan Estimate is an informational document that the mortgage company provides within three days of you completing a loan application. It has three pages, each providing a detailed disclosure about your loan. It includes the interest rate you were
Rapid Rescore
Your credit history and, more importantly, your credit score are two of three main factors in mortgage underwriting (the other two being the Loan-To-Value ratio and Debt-To-Income ratio). That’s why it’s important to ensure your credit history and credit score
Is An FHA Mortgage Right For You?
One of the best home loan programs available to consumers is the FHA loan program. Hundreds of thousands of homebuyers and homeowners obtain an FHA home loan each and every year. Most applicants use the FHA loan program to buy
How A Divorce Might Impact Your Credit History
Credit and divorce are important subjects for homeowners to cover if they are facing a separation. Knowing the different types of credit accounts on your credit report will give you a better understanding of your credit report. If you’ve recently
Conventional Vs. FHA
Conventional home loans are mortgages that are not “guaranteed” by any federal government agency. An FHA home loan is a mortgage that is “guaranteed” by the federal government (FHA guarantees the loan to the lender. FHA is a division within
Credit Score Ranges
Everyone knows your credit score is essential to getting a new mortgage. Every mortgage lender you apply with will obtain your credit report and review your credit history. Lenders have what’s called “credit score ranges” when it comes to approving
Getting A Mortgage After Bankruptcy
According to uscourts.gov, 452,990 Americans filed for bankruptcy in 2023, and there were 387,721 filings in 2022.1 The number one question homeowners and homebuyers have post-bankruptcy is: “Can I get a mortgage after bankruptcy?” The answer is yes! In some
Day 1 Certainty From Fannie Mae
Homeowners and homebuyers want to close their mortgages quickly and without issues. Over the years, there have been numerous initiatives to do just that, and the results have been exceptional. Gone are the days of closing a mortgage in two
Government-Backed Mortgages
A government-backed mortgage is a home loan the federal government guarantees in case the homeowner defaults. These home loans are offered by mortgage lenders as the government does not lend directly to consumers. Government-backed mortgages are designed to help four