Category Archives: home loan

Navigating the “New” Uniform Residential Loan Application (1003)

The time has come for you to buy a new property. If you’re like most buyers, you’ll probably need to apply for a mortgage loan to finance the property. During this process, you’ll more than likely encounter the new Uniform … Continue reading

Posted in home loan, Home Page Blog, homebuying | Comments Off on Navigating the “New” Uniform Residential Loan Application (1003)

Qualifying for a Home Loan with Student Loan Debt

Millions of Americans find themselves with substantial student debt after graduating from college. Significant student loan debt makes it difficult to buy a house for many reasons. First, those monthly student loan payments make it hard to save for a … Continue reading

Posted in home loan, How To | Comments Off on Qualifying for a Home Loan with Student Loan Debt

Pre-Qualifying for a Loan vs. Loan Pre-Approval

Getting a mortgage usually involves getting pre-qualified or pre-approved for a loan at some stage in the process. Although pre-qualification and pre-approval are both stepping stones to securing a home loan, they are actually quite different, and it’s important to … Continue reading

Posted in Home approvals, home loan, Home Page Blog, Loans | Comments Off on Pre-Qualifying for a Loan vs. Loan Pre-Approval

How to Become A Loan Officer

Navigating the challenges of obtaining a mortgage for a dream home can be a daunting experience. A licensed loan officer helps to alleviate those challenges by guiding their clients through the financial process while also educating them about the best possible options.  … Continue reading

Posted in home loan, How To, Loans | Comments Off on How to Become A Loan Officer

Mortgage FAQs

Below, we are going to take a look at some of the most frequently asked questions about mortgages and mortgage refinance. How are mortgage refinancing advisors able to provide no closing costs? There are a number of different ways that … Continue reading

Posted in Brad Boden Author, FAQs, home loan, Tips and Tricks | Comments Off on Mortgage FAQs

Your Guide To FHA Loan Requirements

What Are FHA Loans? An FHA Loan is a mortgage loan which is insured by the U.S. Federal Housing Administration. Often aimed at first-time buyers and low-income earners, an FHA loan can enable applicants to obtain a mortgage with a … Continue reading

Posted in FHA Loan, home loan, Tips and Tricks | Comments Off on Your Guide To FHA Loan Requirements

What Does 25 Percent PMI Coverage Actually Mean

Question?   What does 25 percent PMI coverage actually mean Answer:  25 percent coverage actually means that the MI company will pay out 25 percent of the loan amount and total expenses to the lender when a property goes into foreclosure … Continue reading

Posted in Federal National Mortgage Association, home loan, mortgage, pmi | 1 Comment

Is Mortgage Fraud on the rise even with the new Fannie Mae requirements for QC?

While commercial loan origination and median home prices have been trending downwards, mortgage and property fraud rates have been steadily increasing, up 75% from pre-recession peaks. According to the CoreLogic Fraud Index, $12 billion worth of originated loans were found … Continue reading

Posted in commercial loan, home loan, Homeowners exemption, mortgage, real estate | Comments Off on Is Mortgage Fraud on the rise even with the new Fannie Mae requirements for QC?