Recent derogatory events on your credit report increase your risk of defaulting on a loan in the future. This is especially true if you take out a new mortgage. Because of this, Fannie Mae has a specific waiting period you must go through before you can secure a conventional loan. Compare Offers from Several Mortgage […]
Monthly Archives: April 2018
21
Apr
Apr
Your credit score could fall anywhere between 350 and 800. It’s safe to say, though, if you fall on the lower end, you’ll have a hard time finding a mortgage from any lender. That doesn’t mean you won’t find a loan, but finding a conventional loan would be next to impossible. According to Ellie Mae, the […]
14
Apr
Apr
It’s time to take the plunge and buy your own house. It’s an exciting time! Before you start the process, though, you have to decide if you should buy or build a house. Looking for Current Mortgage Interest Rates? Click Here. There are many factors that go into this decision. Do you want to buy […]
07
Apr
Apr
If everything on your mortgage application isn’t textbook material, it’s fairly certain that you’ll receive a request for a Letter of Explanation. Just what is this letter and how do you write it? Keep reading to learn the specifics you must know in order to get the mortgage approval that you deserve. WHAT IS A […]