Save Your Credit Score and Save Your Mortgage Application From The Big Fat Declined Stamp “I’m sorry ma’am, but your application has been denied. But if there is anything else we can do to help, we’d be happy to take a look at it for you and see what we can do to help!” Yeah, [...]
First Time Homebuyer Information: Preparing your Mortgage Application As a first time homebuyer a crucial step is getting your finances in order. Once you have a handle on your income and expenses you will have an idea as to how much you can afford and the amount you will need to borrow. Lenders require verification [...]
A Detailed Explanation of Mortgage Application Process for New Homes If you are a first time buyer, it is important to have knowledge of the process involved in getting a mortgage approved. The process begins with the initial contract with a lender and ends with a sealed deal. There are very similar laws and regulations [...]
The 3 ‘p’s of your Mortgage Application The actual process of receiving a mortgage offer is quite simple. It hinges around three key points. As long as you get the tick at all 3 stages there should be no reason not to get your mortgage approved. The stages or ‘P’s are simply – Person, [...]
How Your Credit Score Can Affect a Mortgage Application If you’re applying for a new mortgage, there are many factors you need to consider – among them, how your credit score may affect the amount you’re able to borrow. Many people are unaware of just how severely their credit score can impact their financial decisions, [...]
Offers That May Trigger Your Mortgage Application If you apply for a mortgage, your inbox, answering machine, and mailbox may fill up quickly with competing offers from other mortgage companies. It’s not that the company you applied to is selling or sharing your information. Rather, it’s that creditors – including mortgage companies – are taking [...]
Check Your Mortgage Application Rights Consumers looking to buy homes should know that they have certain rights under the law. The more commonly known laws are The Equal Credit Opportunity Act (ECOA), the Fair Housing Act, and the Fair Credit Reporting Act (FCRA). These federal laws prohibit discrimination and provide consumers with the right to [...]
Home Mortgage Application Essentials Nowadays, a home mortgage is a clever plan to get your very own house. Even people who can afford a property in cash, they tend to follow the trend of home mortgage. In home mortgage, you will not have to grab a big amount from your pocket instantly, but all you [...]
