Understanding Mortgages | My Mortgage Insider

The Pros and Cons of Using a Mortgage Broker

Are Mortgage Brokers The Best Friend a Home Buyer Can Hire?

January 15, 2020

If you’re in the market for a new home but don’t have time to wade through scores of applications or shop around for the best mortgage rates and terms, a […]

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Understanding Mortgages

Job Change Prior to Closing: What to Do

January 2, 2020

The short answer is changing jobs can affect your loan approval. From your lender’s perspective, your employment history and income are paramount to your ability to make your payments. That […]

How to write a mortgage letter of explanation

Home Buying · Understanding Mortgages

How to Write a Consumer Letter of Explanation

December 16, 2019

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 […]

Understanding Mortgages

Why You Should Avoid Large Bank Deposits During the Mortgage Application Process

November 8, 2019

Usually when a sizable amount of money is deposited into one of your accounts, it’s time to celebrate — except while you’re waiting for a mortgage loan approval. Under this […]

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Understanding Mortgages

A Complete Guide to Home Loan Closing Costs

October 28, 2019

Any home loan whether its to purchase a new home or to refinance a current loan will come with closing costs. Closing costs cover a variety of fees related to […]

Understanding Mortgages

5 Appraisal Problems That Can Affect Your Mortgage Approval

October 11, 2019

A home appraisal is an estimate to determine the market value of a home. In addition to purchase loans, appraisals are also ordered when refinancing a loan or when attempting […]

Refinance · Understanding Mortgages

A Single Mom’s Guide to Refinancing

September 24, 2019

Refinancing can mean lower payments, less total interest costs over the life of the loan, and possibly some extra cash for home improvements. Currently, interest rates are at historic lows […]

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Refinance · Understanding Mortgages

Home Equity Line of Credit (HELOC): What You Need to Know

August 30, 2019

With home values rising in most areas of the country, many homeowners are interested in a home equity line of credit to access cash — especially to fund remodel projects […]

Understanding Mortgages

Getting a Mortgage After Retirement

July 15, 2019

Can you get a mortgage if you’re retired, even though you no longer receive a regular paycheck? The good news: Yes, you can. Though, qualifying for a mortgage with retirement […]

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News · Understanding Mortgages

Stated Income Loans, plus Alternative Documentation Loans for 2020

June 28, 2019

Stated income loans are making a comeback — sort of. Extremely popular in the early 2000s, stated income loans were one of the factors of the housing market collapse. Why? […]

Category: Understanding Mortgages

Are Mortgage Brokers The Best Friend a Home Buyer Can Hire?

Job Change Prior to Closing: What to Do

More

How to Write a Consumer Letter of Explanation

Why You Should Avoid Large Bank Deposits During the Mortgage Application Process

A Complete Guide to Home Loan Closing Costs

5 Appraisal Problems That Can Affect Your Mortgage Approval

A Single Mom’s Guide to Refinancing

Home Equity Line of Credit (HELOC): What You Need to Know

Getting a Mortgage After Retirement

Stated Income Loans, plus Alternative Documentation Loans for 2020

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