Home Buying | My Mortgage Insider

Mortgage Pre-Approval Letter: The Complete Guide

November 24, 2020

A mortgage pre-approval letter is a document from a lender confirming their willingness to lend you a specified maximum amount of money.

Home Buying · Investment Properties

How To Rent Out Your House and Buy Another | Lending Rules

November 13, 2020

Should you rent out your current home to buy again? Figure out the tax implications, whether you qualify, and even the emotional attachment to your home. “Becoming a landlord can be […]

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Home Buying

Seller Contribution Maximums for Conventional, FHA, VA, USDA | 2020

November 13, 2020

Mortgage closing costs range from 2-5% of a home’s purchase price. That can add up. But, many sellers are eager to pay your closing costs in order to sell their home […]

Home Buying

Rent vs Buy: Which is better?

October 21, 2020

That’s a question without a simple answer; it depends on the specifics of your lifestyle and finances.

FHA Loans · Home Buying

FHA Loan Down Payment: The Complete Guide

October 15, 2020

With an FHA loan, nearly all borrowers will be able to pay as little as 3.5% of the home’s purchase price as a down payment.

Home Buying

Why does getting a mortgage take so long?

October 15, 2020

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, […]

Home Buying

What Is Mortgage Underwriting And How Does It Work?

October 6, 2020

Mortgage underwriting is the process lenders go through when deciding whether a mortgage applicant is a good bet as a borrower.

Home Buying

What is a loan origination fee?

September 28, 2020

A loan origination fee is one of the closing costs you have to pay when your home purchase or refinance is finalized.

Home Buying

How much should you put down on a house?

September 18, 2020

There’s no one-size-fits-all answer to this one and it’s going to depend on a number of factors, including the type of mortgage you want and your personal financial circumstances.

How to write a mortgage letter of explanation

Home Buying · Understanding Mortgages

How to Write a Letter of Explanation | Template and Examples

September 16, 2020

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 […]

Category: Home Buying

Mortgage Pre-Approval Letter: The Complete Guide

How To Rent Out Your House and Buy Another | Lending Rules

More

Seller Contribution Maximums for Conventional, FHA, VA, USDA | 2020

Rent vs Buy: Which is better?

FHA Loan Down Payment: The Complete Guide

Why does getting a mortgage take so long?

What Is Mortgage Underwriting And How Does It Work?

What is a loan origination fee?

How much should you put down on a house?

How to Write a Letter of Explanation | Template and Examples

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