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Posts tagged as:

Mortgage Underwriting

Mortgage Delay Does Not Pay: New Approval Guidelines Effective September 1, 2009 Will Make it Tougher for Many Borrowers

August 31, 2009

Here we go round again.   Effective September 1, 2009, Mortgage Approval Guidelines are set to change.   Sorry, most changes are not to your benefit Mr/Ms Borrower.
It would seem to go against the grain at a time when there is a push for purchase activity and helping people save their homes. But once again this year, changed guidelines will [...]

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FHA Loans NOT Just for 1st Time Homebuyers. Not at All.

June 8, 2009

The rumor that FHA mortgages are only for 1st time homebuyers has circulated for many years.  I have heard it since I first began in the mortgage business many years ago.
Let me confirm:  It is a BAD RUMOR.  Total misinformation.
Anyone can get an FHA mortgage loan – anyone who qualifies of course.  There are no [...]

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9 Things You Must NEVER Do While You Wait For Your Loan To Close

May 16, 2009

After you apply for a mortgage and you’re told you have been pre-approved, don’t think it’s all smooth sailing to the closing table.  Because YOU might do something to foul things up.  Happens a lot, especially if you were not warned by your loan officer.
Even if you were pre-approved at the beginning, the mortgage approval [...]

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