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.
In this video I explain everything you need to know about the debt to income ratio when applying for a mortgage, including what DTI is, how to calculate it, and what qualifies as a good debt to income ratio for various mortgage types.
If you want to know how to calculate PMI on a loan, there are a lot of variables to consider. In this video I explain everything you need to know to calculate mortgage insurance the right way, including:
You know what mortgage insurance is, but what do you really know about it? Before finalizing your home loan or completing the pre-approval process, learn more about the requirements of home loan insurance.
When considering a HELOC vs cash out refi from your mortgage broker, first understand what a home equity line of credit and a cash out refinance are, then make a decision based on your specific circumstances.
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.
When it comes to a mortgage budget, how do you know what's right for you? In this video I talk about all the things you should take into consideration when it comes to your mortgage budget and mortgage payments, including the best ways to prepare, what lenders look at when it comes to your mortgage budget, common expenses people forget, and a useful rule of thumb, among other things!
What exactly is mortgage underwriting, who does the underwriting process, why do they need so much information, and how can you influence the mortgage underwriter? Be the captain of your own ship and steer the mortgage seas by understanding everything you need to know about the mortgage underwriting process!
I made a YouTube video with tips for those who are self-employed wanting to buy or refinance a home. The paperwork might be different, but these tips will make sure you are ready for the mortgage or refinance process.
Time matters. When it comes to securing a good interest rate and closing on your home loan, time might even be the most important factor. Learn more and what you need to consider while attempting to close your upcoming home loan.
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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