Refinancing your mortgage is just like getting your purchase mortgage. The only difference is that you own the home now – you aren’t trying to purchase one. What does this mean for the type of documentation you must provide a lender? Looking for Current Mortgage Interest Rates? Click Here. You’ll provide a large majority of […]
Relying on Residual Income to Qualify for a VA Mortgage
The VA offers relaxed underwriting guidelines. They don’t focus on a specific credit score or even a maximum debt ratio. What they do focus on, however, is the amount of residual income you have each month. They are the only loan program that puts such emphasis on this factor. Looking for Current Mortgage Interest Rates? […]
The Best Ways to Fix the Most Common Credit Report Errors
Credit report errors happen more often than you probably think. If you don’t check your credit report often, these errors can get by unnoticed. By the time you notice them it could be when you are trying to get financing, such as a mortgage, and it then becomes a hassle. Compare Offers from Several Mortgage […]