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Fixed Rate, Variable Costs: Escrow's Impact on Mortgage Payments If you’re a homeowner, you may have noticed that your mortgage payment isn’t always the same each year, even if you have a fixed-rate mortgage. For many, this can come as…
Hidden Fees, Higher Rates: The Real Cost of Mortgage Industry Turnover The mortgage industry is known for its high turnover rate among loan officers. Many loan officers hop between companies, chasing higher commissions, bonuses, or other perks. While this may…
No SSN? No Problem! How to Buy a House in the U.S. Without a Social Security Number Navigating the mortgage landscape as an ITIN holder can be challenging, especially when typical paths to homeownership often require a Social Security Number…
Navigating Fannie, Freddie, and FHA Guidelines For some individuals, capital gains income can be a crucial component in demonstrating financial stability during mortgage applications. If you are a real estate investor or earn income through asset sales, you may be…
Mortgage Solutions for Non-U.S. Citizens: Unlocking the American Dream Navigating the U.S. mortgage landscape as a non-U.S. citizen can be a challenging yet rewarding journey. Thanks to programs from major agencies like Fannie Mae, Freddie Mac, and FHA, pathways to…
From Start to Close: How We Reduce Mortgage Application Failures Getting a mortgage is a big step, but it can also be a confusing and frustrating process. A recent report by the Consumer Financial Protection Bureau (CFPB) revealed that around…
Discover how 3% down conventional loans rival FHA for first-time buyers. Many prospective homebuyers assume that the FHA loans 3.5% down payment requirement is the lowest down payment option available. However, that’s not entirely true. For first-time homebuyers, conventional loan…
Exploring how lenders handle bonus income in mortgage calculations. Bonus income can be a crucial part of a borrower's qualifying income when applying for a mortgage. However, its acceptance as a reliable income depends on several factors, such as the…
A Comprehensive Look at Loan Options and Strategies for Self-Employed Borrowers As a self-employed borrower, you may have encountered additional hurdles when trying to secure a mortgage for buying a home, upgrading your existing property, or refinancing. Mortgage lending is…
Why FHA loans are a solid choice for both new and repeat homebuyers. When people think about FHA loans, many believe they’re exclusively designed for first-time homebuyers. However, that’s a common misconception. FHA loans are actually available to a wide…
