With the housing market on fire, home prices have steadily risen for the past several years. The result has been an enormous amount of home equity for American homeowners.
How do I prepare to buy a house? | All you need to know! In this step-by-step guide, we'll walk through the pillars of what you need to do to prepare to buy a home.
I often say "it depends on your loan type" so today I'm breaking down the specific qualifications of a Conventional Loan including credit score, debt to income ratios, and more!
To know how to solve the home loan puzzle, you have to understand the rules and the important roles that are part of the mortgage approval process. Learn about the different parties you will work with while going through the home loan process and how to increase your chances of an approval in this post from loan officer and mortgage expert Stephanie Weeks.
Lenders have a responsibility to guide homeowners to a successful close right from the start. This increases the chances of an effective close and brings clients peace of mind.
Loan applications are often denied, but should they be? In this post, we take a dip into home loan denials, why there are so many, and how to avoid getting the dreaded call that your home loan or refinancing request has been denied.
How is mortgage appraisal different from the estimated value from your realtor? What goes into a mortgage appraisal? How will it affect your loan approval process? Can the appraiser just really guess a number and just roll with it?
Do you know how much your estimated mortgage payment will be? This article details what all goes into your estimated monthly mortgage payment, and why internet-based calculations are often misleading.
Do you know the common mortgage terms? What length of mortgage will best suit your needs? Learn the basics in this overview of common home mortgage terms.
Are you considering getting a mortgage with a new job, but not sure if it will prevent you from being approved? In this video I talk about what your mortgage lender considers when you're buying a house with a new job, and give a few examples to help demonstrate!
Broker, Lender, or Bank? Stephanie Weeks breaks down the different types of lenders and the pros and cons of getting a mortgage loan from a mortgage broker, mortgage lender, or a bank.
In this video, I will break down what goes into determining a mortgage rate, what you can expect to see when shopping rates online, and how to know what you actually qualify for!
When you are getting ready to buy a home there are a lot of expenses to consider in your budget beyond your monthly mortgage payment and down payment. In this video I cover a number of different expenses you should know about when getting ready to buy a home.
In this video I explain why that is, I talk about the different types of credit score (such as the fico score), and I explain what kind of credit score you need if you want to get the best mortgage rate and price.
Getting a good rate on your mortgage or refinance is important, but choosing the right lender when buying or refinancing a home also comes down to finding someone you're comfortable working with.
Terms and phrases key to understanding the mortgage loan process. As a mortgage loan officer, sometimes it feels like I'm speaking another language to my clients, so I made this video with the most important mortgage terms to know if you're buying or refinancing a home.
Choosing the right lender is like interviewing a potential employee or going on a first date. Not only should you ask questions; you should expect the loan officer to ask questions as well. Here are the questions you should expect potential lenders to ask.
It’s hard to make the right decision when applying for a home loan if you don’t know what your options are. Here are your home loan options when buying a home.
Despite common perception, mortgage loans are not uniform; they’re unique. This is important to understand when entering the home loan and financing process. Here’s what you need to know.
Are you flexible? Flexibility is required in successfully navigating the home loan and approval process. Here’s how and why to become a flexible buyer.
After a futile search for books to help my mortgage lending clients understand the process, I came up empty-handed. I realized it was my duty to write a book -- Mortgage Peace.
Every year an average of 21 million people apply for mortgages in the US, and only around 7 million close. I'm on a mission is to change that by spreading mortgage education. Sign up for my newsletter to be a part of my Mortgage Peace Movement!
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