September 23, 2021
The short answer is changing jobs can affect your loan approval. From your mortgage lender’s perspective, your employment history and income are paramount to your ability to make your payments. […]
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September 23, 2021
Editor’s note: FHA loan changes which were rolled out in 2017 are in effect in . According to Ellie Mae, more lower-credit FHA applicants are being approved. In July 2016, […]
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September 23, 2021
When you think of more than one name on a mortgage application, you probably assume it’s a married couple. However, there are lots of other people who enter into buying […]
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September 23, 2021
Most couples used to get married before making any major financial decisions together. But today, one in four unmarried couples between 18 and 34 buy a house together, according to […]
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September 23, 2021
Mortgage Rates Today The number of mortgage applications increased last week, as reported by Mortgage Bankers Association. “There was a resurgence in mortgage applications the week after Labor Day, with […]
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Home Buying · Understanding Mortgages
September 23, 2021
When you’re asked to write a letter of explanation by a mortgage underwriter, look at this as a valuable opportunity to clearly communicate your situation. The letter of explanation may […]
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September 23, 2021
Homeowners who have waited patiently to see if rates will go lower finally have their chance. According to Freddie Mac, the 30-year fixed-rate mortgage fell to the lowest rate ever […]
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September 1, 2021
Editor’s Note: HIRO is temporarily paused due to volume. But you may be eligible to refinance with another program. Speak with a mortgage expert to understand your options. The Fannie […]
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August 13, 2021
Getting a mortgage loan means you’ll likely experience every possible emotion. Unfortunately, a word commonly used to describe the home loan process is “stressful”. When buying or refinancing a home, […]
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Home Buying · Understanding Mortgages
August 13, 2021
Due to increased demand and low real estate inventory, most parts of the U.S. are currently in a seller’s market. This is great news if you’re trying to sell a […]
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Mortgage expert Tim Lucas has been helping home owners for over 12 years.
