The mortgage underwriting process is essential to verify income and ultimately determine whether the loan is approved or not. In addition to examining your income, the underwriter will also dive into significant events such as recently graduating from school, switching careers, or starting a new

Home renovations can be expensive, and saving up for extensive improvements could take years. Fortunately, you can fast-track your goals with a home improvement loan. Home improvement loans allow you to use the equity in your home to fund your home renovation. Benefits of a

Purchasing your first rental property is a big step in your real estate investor journey. Aside from choosing a potentially profitable property, you need to figure out how to finance your rental. Before sharing how to apply for an investment loan, let’s look at how

what if you don’t qualify through traditional means? This is an issue that self-employed and other non-W2 workers often face since their proof of income and employment differs from what lenders typically require. The good news is that those who don’t meet the criteria for

When you apply for a loan, your mortgage lender informs you of the maximum amount you can borrow, and this will help you get an idea of how much house you can afford. The question most buyers ask is how they reach this amount and

We know that getting a mortgage as a self-employed individual can be more challenging than a W2 employee. This is not a reason, however, to let go of your dream to own a house. Follow our tips below for a smooth mortgage approval experience as

Owning a home is still very much a part of the American dream. However, did you know that non-U.S. citizens can also enjoy this? While there are challenges to homeownership if you are not a citizen, know that lenders are open to extending credit to

Are you familiar with the benefits of mortgage refinancing? There are many reasons to refinance your mortgage, like lowering your monthly payments, saving on interest, or simply paying off your loan faster. But before you commit, it’s important you know how refinancing works. In this

One of the pluses of property ownership is the opportunity to build equity. If there’s ever a time that you need a considerable amount of cash (such as for paying off debt or a home remodel), you’ll have access to it by borrowing against your

The popularity of VA loans has soared in recent years, surpassing the 1 million mark in 2020, and is on pace to break that record in 2021. But despite the success of the VA home loan program, there is still some skepticism among prospective homebuyers

A down payment is not the only thing you need to have when closing on your loan. Closing costs are expenses you pay the lender for the various services they provide for the approval of your mortgage. Let’s dive into what closing costs are and

If you want to know if FHA loans permit cash back to the borrower, then you’re in the right place. Here’s what you need to know about getting cash back on this popular government-backed home loan. How Cash Back Works With Refinancing A cash-out refinance

Your credit history and credit score are among the top factors lenders consider when they approve a mortgage. This can make it challenging to buy a home for those who don’t have a credit history. Plus, if you’ve never borrowed or used credit cards, your

Buying a second home is a dream come true for many. Whether it’s a retirement home, a vacation home, or your first step toward real estate, investing in a second property is a notable achievement in your portfolio. Like a first-time home purchase, a second

If you want to build your dream home but you’re having a hard time meeting the requirements of a conventional loan, we’ve got good news for you. An FHA Construction loan provides you with more flexible lending requirements, giving moderate-income families the opportunity at custom-

When it’s time to purchase a home, one of the first things you should do is get pre-approved for ahome loan. In this highly competitive market, mortgage pre-approval is “the ace up your sleeve”because it emphasizes that you are serious about buying a home and