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Our mortgage blog articles are geared towards first-time home buyers and mortgage market news.
What Is a Nonqualified Mortgage?
A nonqualified mortgage is a home loan that falls outside the federal definition of a qualified mortgage, a legal category tied to the loan’s features, price, and how your lender…
How to Qualify for a Mortgage With Child Support (Paying or Receiving)
If child support is part of your monthly finances, it directly affects how much home you can buy. https://www.youtube.com/watch?v=_5AY04dtQUI Whether you qualify for a mortgage with child support depends on…
How to Prevent Wire Fraud at Closing
Wire fraud at closing targets buyers when they expect to send their down payment and closing costs. https://www.youtube.com/watch?v=7tA3hX5BXkY A scammer sends an email that appears to come from your title…
How to Improve Your Debt to Income Ratio Before Applying
Your debt to income ratio compares your monthly payments with the income a lender can count and sets the ceiling on the house payment you can qualify for. Improving your…
How to Rent Out Your House and Still Qualify for the Next One
If you plan to rent out your house when you buy your next home, Fannie Mae’s updated rental income rules can change how much you qualify for and how much…
How a Union Worker Mortgage Gets Approved
Switching employers three or four times a year is a normal part of union dispatch, and plenty of lenders still treat that job history as a red flag. https://youtu.be/nbwzwyA0ouY Add…
How Texas Bridge Loan Rules Affect Your Equity and Closing Date
You found your next home, and most of your down payment sits inside the house you still own. A bridge loan lets you borrow against that equity before you sell…
Refinance Mistakes to Avoid Before Closing
A store credit card opened at checkout can push a refinance back into underwriting days before closing, and so can a new truck payment, a co-signed loan, or a deposit…
VA Loan Misconceptions That Keep Veterans From Applying
VA loan misconceptions keep many eligible veterans from buying a home before they ever apply. https://www.youtube.com/watch?v=i75uzUAvbI0 The VA sets no minimum credit score and no maximum debt-to-income ratio, so a…
Why Closing Disclosure Changes Happen
Your Closing Disclosure arrives a few days before closing, and some numbers may differ from your Loan Estimate. Closing Disclosure changes are common, and most come from taxes, insurance, interest,…
How to Finance a New Build on Land You Own
Many people who own a lot assume they need to save a separate cash down payment before they can build. https://www.youtube.com/watch?v=1znEw6MJsUs If you plan to build on land you own,…
The VA Loan Process From Eligibility to Closing Day
The VA loan process works best when you lock in financing before calling a real estate agent. https://www.youtube.com/watch?v=ElNw1BNQyXI Buyers who call an agent first can lose a home to a…