Tag: loan

When’s The Best Time To Lock Your Mortgage Interest Rate?

When’s The Best Time To Lock Your Mortgage Interest Rate? One of the main choices home buyers are looked with amid the mortgage procedure is knowing when it’s the right time to secure an interest rate. The simple answer is the point at which the rates are at their least – however when will that […]

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Three Reasons Why Your Mortgage Is Rejected

Three Reasons Why Your Mortgage Is Rejected Have you been denied a mortgage advance as of late? Dismissals generally don’t come down to a solitary reason, since lenders take a gander at your general money related status. Be that as it may, a few factors increment your danger of dismissal. As per NerdWallet’s 2018 Home […]

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The Differences Between An FHA Loan & A Conventional Mortgage

The Differences Between An FHA Loan & Conventional Mortgage Since you’ve chosen to hop into the home buying process, it’s an ideal opportunity to confront the letters in order soup of mortgage loans. All things considered, it would seem that a clutter of pointless letters, acronyms, and senseless names like FHA, VA, Fannie Mae, and […]

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What To Not Ask Your Loan Officer

What To Not Ask Your Loan Officer The colloquialism “you don’t realize what you don’t have the foggiest idea,” may be the ideal portrayal of somebody beginning the convoluted procedure of getting a mortgage. Prospective borrowers need to do generous research to realize which fundamental things to ask while talking with lenders. While there’s no […]

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10 Ways A Loan Officer Can Help You

10 Ways A Loan Officer Can Help You The vast majority get comfortable with term “loan officer,” the professional who causes you make sense of which loan option is right for you, when searching for a mortgage. You get the mortgage and keys to your new home, and afterward wave farewell to your loan officer…but […]

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Loan-To-Value: What Is It?

Loan-To-Value: What Is It? Amid the homebuying procedure, you’re certain to experience the term Loan-to-Value (LTV) ratio. So what precisely is your LTV ratio, and why is it vital? Basically, a LTV ratio is the dollar measure of a mortgage partitioned by the property’s assessed value, communicated as a percentage. For lenders, LTV is an […]

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How Solar Panels Impact Your Mortgage

How Solar Panels Impact Your Mortgage California as of late passed another state law requiring all recently constructed homes to use solar vitality by 2020. Regardless of whether you’re considering solar in light of a law change, a craving to become environmentally friendly or to spare some green in your pocket book, it can affect […]

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Every Loan Officer Should Know This Secret

Every Loan Officer Should Know This Secret Turns out, all top loan officers make them thing in like manner: immense systems of referral partners that enable them to expand their opportunities and create more business. In any case, past that, top loan officers realize that they have to accomplish something else with a specific end […]

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How To Underwrite A Loan

How To Underwrite A Loan In case you’re similar to a great many people who buy a home, you take out a mortgage to back the purchase. The procedure that lenders use to evaluate your creditworthiness is called underwriting. Mortgage underwriting can be broken down into five key steps. Pre-Qualification Your initial step — even […]

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