Many first-time home buyers are worried about all of the documents and information they’ll have to gather when applying for a mortgage. If you’re anything like me, you’re probably dreading having to dig through the five places that these documents might be. Fortunately, the process is now somewhat streamlined thanks ...
Continue ReadingPart of buying a home is researching the market and your finances. Most lenders require you to put at least 20 percent down or pay private mortgage insurance (PMI). Since PMI is a cost that does not lower your interest rate or principal, it’s almost always better to save up ...
Continue ReadingAs you embark on your home selling journey, you may have started searching for mortgage loans to acquire financing for your next home purchase. As you fill out applications, you’ll notice most require employment verification. What is mortgage employment verification? Before giving approval for a mortgage loan, lenders verify employment ...
Continue ReadingAs the workforce changes and a growing number of companies seek out contractors and freelancers, many Americans find themselves in a gray area when it comes to their income. They may put in full-time hours, but on their taxes they work for themselves. Mortgage lenders are cautious about who they ...
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