Mortgage Underwriting

New Jersey Mortgage Applicants: What NOT To Do While Your Loan Application is Being Processed

To insure mortgage approval and closing, the most important step you can take as a New Jersey mortgage loan applicant is to NOT make any changes to your job or financial picture until your mortgage loan has closed and the keys to the home are in your possession.  I have written about this before, but it [...]

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

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 [...]

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

The rumor that FHA mortgages are only for New Jersey first 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 [...]

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

After you apply for a mortgage in New Jersey 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 [...]

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