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.
Will your loan officer properly calculate your numbers when refinancing your home? Here’s what you need to know to avoid disaster when going through the process of refinancing your mortgage.
What is cash to close and what does it mean to you? Find out in this post by expert loan officer and home loan expert Stephanie Weeks, detailing what cash to close is and giving you the basics on escrows.
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:
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.
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.
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.
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.
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!
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
.png)
.png)
