Mortgage Underwriting
Once your loan is submitted for initial underwriting, all of your income, asset and credit documents will be analyzed and an underwriter may ask for some clarifications or additional supporting documents.
Often, the first underwriter you encounter isn’t even human. It’s automated underwriting software or AUS. It analyzes your application and delivers a…
High Home Prices On A Flip Require Skill
When home prices are on the move, there’s money to be made. Scoring a nice price on a home flip can make you feel like a million bucks.
But don’t kid yourself. Buying a home and trying to “flip” it by fixing it up fast and selling it for top dollar can be harder than you expect. You need the right skills, resources and funding to profit from…
FHA Home LoansFHA Home Loans are mortgages insured by the Federal Housing Administration that feature lower underwriting standards and rates than conventional loans, along with lower minimum down payments of 3.5%. Additionally FHA borrowers are required to pay for mortgage insurance (MIP) to protect the lender in the event of a default.FHA Loans Are Flexible And AccessibleHome buyers today…