Category: Process

Recasting A Mortgage – Should You Do It?

Just when you think you’ve learned all there is about mortgages; someone asks you if you’ve ever considered recasting. What in the world is that, you wonder? Should you consider it? Is it something you need to do? And …

What You Need to Know Before You Start Investing i...

Learning about real estate investing can be a complicated process. However, a simple overview of the basics is the best way to get started. You’ll have a useful framework if you begin by understanding: check The Value of …

Funding a Loan For a Mortgage

“Fund” is the best verb used in the home loan process.  To fund the loan,  is the process of wiring or releasing money from a mortgage lender to title or escrow prior to closing a real estate transaction  …

Self-Employed? Here’s What You Should Know About...

There’s an idea floating around out there that it’s much harder to get a mortgage if you’re a business owner. That’s not true, but there are a few things to keep in mind, and you’ll need to provide …

I Have MORE Loan Documents To Sign?!

Leading up to the loan closing process you’ve completed a loan application, discussed loan options with your lender, received an initial loan estimate, submitted financial documentation, conducted a home appraisal and finally after an underwriter review, received an …

Mortgage Terms You Should Know.

You’re ready to get a mortgage and suddenly you start hearing and seeing all of these terms you’ve never heard before—APR, DTI, closing costs. What do they all mean, and most important, what do they all mean for …

Clear to Close! But, What Does That Mean?

You’ve given the underwriter your social security number, provided bank statements and explanations for every deposit to your account for what seems like a period of over ten years, emailed a thousand pages of tax returns, W2’s and …

My Loan Has Been Approved! Now What’s Next?

After dancing around hysterically once your home loan has been approved, it can feel like a huge weight has been lifted…. but that doesn’t mean you’re off the hook. The time between the mortgage approval and the final …

The Underwriting Process

On the fun scale, the mortgage underwriting process often feels like an exceptionally long dental appointment. You’ve dutifully gathered the mountain of documentation required to obtain a mortgage… or so you thought.  Your documents will be reviewed for thoroughness, …