The loan processor you work with when you apply for a mortgage isn’t the person who decides whether you qualify for a loan. That power lies with the mortgage underwriter. How do underwriters decide whether applicants will get a loan? The mortgage underwriter’s job The underwriter’s job is not to make you dance like a… Read more »
Buying a home for the first time often constitutes a long-awaited dream. After completing a little bit of financial prep work, feel free to enjoy every minute of the house-hunting journey. Here are the top four items to take care of before the fun begins. 1. Your credit score. Lenders typically like a higher score,… Read more »
If you’re worried your student loans will prevent you from buying your first home, don’t fret. Here’s what you need to know to land that first house. What the mortgage company considers Your potential lender will look at your FICO score, which can range from 300 to 850. A score above 650 is considered good…. Read more »
