Reading Time: 6 minutes This Article Is About Importance Of Pre-Approval Versus Pre-Qualification When Buying Home For most Americans, a home purchase is hands down the largest, biggest, and most important investment in their life. By far, a home is a person’s highest priced ticket item they will purchase For most hard working Americans, they would need a home…
Reading Time: 5 minutes This guide covers how to avoid delays in home loan closings. Most mortgage loans can close in 30 days or less. However, some mortgage loan closings can get delayed for several reasons. There should be no reasons for delays in home loan closings, says Dustin Dumetre, a senior loan officer at Gustan Cho Associates: The…
Reading Time: 3 minutes In this article, we will cover and discuss how to write a letter of explanation to mortgage underwriters. Borrowers need to get accustomed to writing letters of explanation to mortgage underwriters throughout the mortgage process. A letter of explanation to mortgage underwriters is just part of the program throughout the mortgage process. Whenever there…
Reading Time: 5 minutes This BLOG On Loan Estimate Replaces The Good Faith Estimate Was UPDATED On June 2nd, 2018 Loan Estimate Replaces The Good Faith Estimate Loan Estimate Replaces The Good Faith Estimate effective October 3, 2015. The main reason Loan Estimate Replaces The Good Faith Estimate was because the Consumer Protection Financial Bureau, referred and known as…