Mortgage Tips and Advice

Understanding RESPA

Understanding RESPA

If you’ve never heard of the Real Estate Settlement Procedures Act (RESPA), you’re not alone. This law was passed by Congress in 1974 and is instrumental in protecting buyers from abusive real estate practices. Curious about RESPA and how it helps you? Here, we share the key details of this vitally important act.

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.


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