A mortgage broker like ourselves will do several things...
We will call all files in underwriting on Tuesday's and all PreApprovals on Wednesdays.
Tuesday Morning Underwriting Updates and status calls to all parties.
Wednesday Morning [...]
There are several new low down payment options such as 1% down and 3% down for conventional loans. FHA is a staple easy way to get financing with 3.5% down which will have a lower interest rate and pretty good mortgage insurance. Conventional [...]
Mortgage Brokers Verse Banks
The market share of nonbank mortgage originators has declined from a peak of 15 per cent to about 4 per cent; bringing an abrupt halt to the trend from the late 1990s. The appeal of buying into a branded, nonbank [...]
How Much Mortgage Can I Afford?
How Much Mortgage Can I Qualify For?
What Mortgage Can I Afford?
These are some of the biggest questions asked in the mortgage business. The amount of mortgage one can afford is based on two things:
1. Debt [...]
Nowadays, you must obtain mortgage in order to buy a new house. To obtain a mortgage, you either have to deal with lenders and banks directly or hire a mortgage broker, who will do the hard work for you. You might have heard of mortgage broker from [...]
One percent down option if you make less than 65k per year and have over 700 credit score and are a first time home buyer
Three percent down option if you make under 65k per year and you might be allowed to have another property no credit [...]