Search results for: credit
Mortgage Application Process Guide
Ensure a credit score >700 for optimal mortgage rates; review credit report for errors. mortgage-broker-meets-with-a-young-couple-4-of-6-FP24NJV Choose…
Read MoreNAR Settlement FAQs
1. Why did NAR enter into this settlement? Since the litigation began, we have worked consistently to reach a resolution with the plaintiffs.
Read MoreUSDA CHANGES
The USDA (United States Department of Agriculture) mortgage program offers loans to help low to moderate-income individuals or families in rural areas buy,…
Read MoreQualifying for a USDA Mortgage in Florida: What You Need to Know
Securing a mortgage can be a significant step towards achieving homeownership, especially in Florida, where real estate markets flourish.
Read MoreHow to Compare Mortgage Rates in Jacksonville, FL: A Step-by-Step Guide
Securing a mortgage is a considerable step in attaining homeownership, and comparing rates carefully can make a substantial difference in long-term financial…
Read MoreCALCULATING S/E INCOME WHEN NO DISTRIBUTIONS
Fannie Mae and Freddie Mac came to a conclusion when CALCULATING SE:F EMPLOYED INCOME WHEN NO DISTRIBUTIONS They only want to allow borrowers to use income…
Read MoreAMENDMENTS IMPACTING APPRAISALS
Short answer A contract amendment after the appraisal is ordered can force a new appraisal, a re-inspection, or a change to your loan amount. Tell your lender before you sign the amendment, not after — that order matters more than people expect. Call or text 904-880-6741 Ask about your actual file — no SSN, no…
Read MoreSHORT FUNDS TO CLOSE? GO FHA!
As all of you are aware houses are not selling as fast as they were before and sellers are taking less money and negotiating and paying closing costs or buying…
Read MoreHOURLY WORKER INCOME SOLUTION
When Fannie Mae and Freddie Mac added the guideline about variable income they took the normal over time, bonus and commission pay types and added variable…
Read MoreMANUAL UNDERWRITING RATIOS
“Manual underwriting” refers to the process of assessing a borrower’s creditworthiness and making lending decisions based on a thorough review of their…
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