Mortgage Tips and Advice

What is a rapid credit rescore?

What is a rapid credit rescore?

A rapid credit rescore is provided through a process by which the lending company submits proof to a credit reporting agency of recent updates to your credit account that may not yet be reflected on your official credit report. A rapid rescore can only be offered through your lender; home loan applicants cannot apply for one on their own.
Real Estate: Refinance or not?

Real Estate: Refinance or not?

When interest rates drop, you might wonder whether or not it makes any sense to refinance. Unfortunately, there are many different “rules of thumb” being directed to the public in answer the question, “When is the right time to refinance?”
Can you use restricted stock income to qualify for a mortgage?

Can you use restricted stock income to qualify for a mortgage?

Many large companies offer employees additional compensation in the form of restricted stock. When applying for a mortgage loan, some lenders will consider the would-be borrower’s restricted stock as part of their income and some will not. Let’s take a closer look at restricted stock income and how it can help the procurement of a home loan.

Decoding the new 2019 loan limits

Laws restrict Fannie Mae and Freddie Mac to purchasing single-family mortgages with origination balances that are below a certain amount – this amount is known as the “conforming loan limit.” The Federal Housing Finance Agency (FHFA) has raised the baseline conforming...


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