Approval/Qualification Process

If you’ve ever shopped around for a mortgage, you’ve undoubtedly heard the phrase “mortgage points” tossed around when looking at closing costs and fees. It’s a …More

Ever hear of the Law of Unintended Consequences?  It states that when Congress passes a law to fix one problem, it will create five more.  Government, …More

Economic times are tough.  There are layoffs and threatened branch closings, all sorts of unrest in the labor markets.  The “recovery” hasn’t shown up at your …More

Recent guideline changes and stricter bank requirements have led to an increase in documentation required for a mortgage approval. This article will help you to navigate some of the recent changes so that you can be prepared.

Fannie Mae announcement that appraisal cutting by lenders of appraisal values is no longer permitted. In the event of a dispute of value, the lender must contact the appraiser to resolve.

Image by The Ken Cook via Flickr Turn that around with another question, “how long does it take to get to work?” Yes it is that …More

Image via Wikipedia Independence Day is a time we all (should) be reflecting on the formation of this great nation and the challenges our founders faced …More

Image by Phil Sexton via Flickr “How long after a short sale can we qualify again?” It is a question often asked and until now the …More

On Tuesday 6/1/2010 Fannie Mae put into affect “Fannie Mae’s Loan Quality Initiative”. These new guidelines that all lenders must meet on Fannie Mae loans will …More