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!
In my videos, I often say "it depends on your loan type" so today I'm breaking down the specific qualifications of an FHA 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.
What does a mortgage note look like? In today's video I explain what the main parts of a mortgage note are and give some tips to make sure you get the right mortgage!
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 the common mortgage terms? What length of mortgage will best suit your needs? Learn the basics in this overview of common home mortgage terms.
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.
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!
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.
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.
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 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.
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.
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!
A lot of factors go into determining YOUR mortgage refinance rate, which is why the record low rates being advertised today might NOT be what you qualify for.
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.
Right now with the Covid-19 pandemic many people are considering mortgage loan deferral options, or mortgage forbearance, and in this video I give my four tips for anyone considering mortgage forbearance.
If you're considering mortgage payment deferment (also called mortgage forbearance), there are some mortgage deferral pros and cons you need to understand before making the decision.
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.
Learn everything you need to know about the mortgage pre-approval process, including what it is, what it means, what it looks like, what you'll need, and everything in between.
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.
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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