FHA AND VA MORTGAGES – WHAT IS THE DIFFERENCE?
Mortgage 101: For Home Buyer: As you begin thinking about the mortgage process, it’s important to understand how the mortgage application process works.
WHAT CREDITS ARE ALLOWED ON A PURCHASE TRANSACTION?
One of the most commonly asked questions in the mortgage business is how a borrower’s credit score will effect their home loan. Your credit score or your FICO score is a key factor in qualifying you for a mortgage.
What is a conditional loan approval?
The conditional loan approval is a statement from a lender asserting that the lender is willing to loan a specific amount of funds to the potential borrower after meeting specific conditions.
Have you ever attempted to obtain a mortgage loan for the purchase of a home and wondered why your lender cares so much about the source of your down payment? An applicant recently said to SunnyHill, “It’s my money, it shouldn’t matter to you!”
That applicant’s sentiment is not alone…
Are you one of the ~40 million American households who rent and would like to purchase a home in the near future? Do you already own a home and want to purchase another one? Are you thinking about refinancing your existing loan?
Yes…maybe…someday? Read on!