Recent Articles
12
2023
Obtaining a conforming mortgage loan typically requires having a bank account. Lenders typically require a bank account to assess your financial stability, track your income and expenses, and facilitate the loan disbursement process. A bank account helps demonstrate your ability...
07
2023
So, you're on the hunt for your dream home, but your credit score is in need of a little TLC. Building your credit doesn't always require opening credit cards. Here are some nifty tricks to amp up your credit score without applying for new plastic. Rent Reporting: Who knew that paying your...
06
2023
Lenders typically have specific guidelines and restrictions regarding the use of rental properties, including whether they can be listed on platforms like Airbnb. These guidelines can vary depending on the lender and the specific loan program. In some cases, lenders may allow...
05
2023
Closing costs and prepaids can be financed into a USDA mortgage loan under certain conditions. USDA loans allow borrowers to include closing costs in the loan amount, as long as the appraised value of the property supports the increased loan balance. However, there are some limitations...
05
2023
The policies regarding prepayment and skipping monthly payments can vary among different lenders and mortgage agreements. Some lenders may allow borrowers to make prepayments, which means paying more than the required monthly payment to reduce the outstanding principal balance...