A dollar saved is often better than a dollar earned since there are no taxes associated with it. That is, unless you have income streams that are non-taxable.  While non-taxable…

The main driver for all conventional mortgage loan applications is qualifying income. This is the single most important metric followed by credit scores and assets since your qualifying income determines…

With Halloween coming up, we thought sharing some mortgage horror stories would be a great way to set the mood.  Appraisal Inspection Lost A borrower who applied for a mortgage…

The trending headline right now is the strong possibility that the Federal Reserve will be cutting rates soon. While we embrace this news, the question as to when is the…

If you are buying a new primary residence and own the home in which you currently live, you will have to make a decision: sell it or rent it out….

A crucial part of the mortgage loan underwriting process for any home loan is determining the property value, as it is the collateral for the mortgage loan. The value of…

Being able to verify a borrower’s employment is a critical aspect of the mortgage lending process. Mortgage lenders are required to obtain an outside party verification of employment even if…

When applying for a mortgage loan, one of the determining factors used to qualify for a mortgage loan is your credit score (also known as a FICO Score). Your FICO…

Have you ever wondered what portion of your mortgage payment goes towards paying down the principal loan balance? The answer is that it changes slightly on every payment you make…

One of the critical parts of a mortgage application process is having your mortgage lender complete a credit check. While borrowers are often apprehensive about having their credit scores pulled,…