Tag: compare mortgage lenders

Changes in Mortgage Underwriting: More Scrutiny

There are frequent changes being made to the mortgage underwriting process. Lenders are now looking at how recently an owner/seller purchased a property when reviewing a purchaser’s application for a mortgage to buy it. There are “anti-flipping” requirements which mandate that an owner own the property for a minimum of 90-days before a lender will

Financing Pitfalls

As a first-time buyer you want to make sure that you can get pre-approved for a mortgage before you start the process of looking at homes. The mortgage underwriting today is a full-documentation process where the lenders are looking at your deposit accounts, your federal tax returns, your credit score, verifying your income and your

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