What Lenders Look at When Approving a New Mortgage

Many borrowers feed into the myth that your credit score is the only deciding factor when getting approved for a new mortgage. In reality, lenders look at a variety of factors before approving a new mortgage loan. While your credit score does certainly play a role in the approval process, lenders also look at things […]

Qualifying for a Mortgage: The Basics to Getting Approved

Many aspiring homeowners are making the leap from renting to owning a new home. One of the biggest first steps every homebuyer needs to make is applying and qualifying for a new mortgage. According to the National Association of Realtors, 87% of recent buyers financed their home purchase1. But one of the largest pitfalls borrowers […]

What is Loan to Value Ration (LTV) and why is it important?

What is Loan to Value Ration (LTV) and why is it important? Intro 0:10 | LTV Defined 0:45 | LTV Purchase vs. Refinance 1:47 | Common LTV 1:02 | Calculating LTV 2:34 | Why LTV is Important 3:38 | Benefit of Low LTV 3:57 | Outro 4:27 Did you that a lot of people assume […]

3 Ways to Take Advantage of the New Conforming Loan Limits for 2021

If you have ever applied for a mortgage, you may have heard your loan officer throw around the term “jumbo” or “conforming” when discussing what mortgage solutions might be best for you.  Do not worry, they weren’t talking about a “jumbo” hot dog, airplane, or a two-liter of coke. What your mortgage lender was referring […]

5 Reasons Why Refinancing is Taking So Long Right Now

The U.S. economy remains turbulent as Americans continue to endure implemented public safety measures. But a silver lining is that as a homeowner, you can still find cheap and affordable credit within mortgage markets amidst all the chaos. The average 30-year fixed-rate mortgage fell to 2.81% in mid-October, which is the 10th time in 2020 […]

Real Estate and Mortgage Market News and Updates

Last updated 11/06/20 Mortgage Rates Continue to Hit Record Lows If you thought mortgage rates couldn’t go any lower? Think again. For the 12th time this year the average 30-year fixed rate mortgage hit a new record low at 2.78%. Mortgage rates have consistently been below 3% for several weeks now. [1] As a result, […]

What is an Appraisal Waiver? – Appraisal Waivers Fully Explained – Everything You Need to Know!

What is an Appraisal Waiver? – Appraisal Waivers Fully Explained – Everything You Need to Know! What is an Appraisal Waiver? In this video I will fully explain everything you need to know about Appraisal Waivers, how they work and the benefits to the borrowers. Did you know that must loans today are receiving “Appraisal […]

What is an APPRAISAL – The Appraisal Process Fully Explained – Everything You Need to Know!

What is an APPRAISAL – The Appraisal Process Fully Explained – Everything You Need to Know! Are you currently buying or refinancing your home and are wondering what happens during the appraisal process? Do you want to know exactly how an appraiser comes up with the value? Well in this video, I will break down […]

Will Applying for a Mortgage Drop My Credit Score

Will Applying for a Mortgage Drop My Credit Score Will applying for a mortgage drop your credit score? Have you been letting hard inquires stop you from getting a mortgage? I am going to breakdown exactly why you shouldn’t let that stop you anymore and help give you a better understanding of exactly how credit […]