Many borrowers often ask the question of factors that determine mortgage rates. Not every borrower will get the same mortgage rates on government and conventional loans. Rates are based on the risk level of borrowers. Prior bankruptcy and/or foreclosure does not matter with pricing on mortgage rates. On government loans, credit scores are the main…
California FHA 203k loans are ideal for homebuyers of fixer-uppers and/or total gut rehab owner-occupant homes. With home prices selling at historic highs, why not buy a fixer-upper and customize it to your likings? Homes in the state of California are one of the highest-priced in the nation, if not the highest. The state of…
Mortgage borrowers can get lower rates by buying down rates with discount points. If mortgage rates are low and you do not intend on selling your home or refinancing for at least five years, you may consider buying down your rates with discount points. Is Paying Discount Points Necessary? Paying down mortgage interest rates with…
In this blog, we will discuss and cover frequently asked manual underwriting mortgage questions. Manual Underwriting is allowed on FHA and VA loans. Both VA Loans and FHA Loans can be manually underwritten when borrowers cannot get an approval/eligible per Automated Underwriting System. One of the key factors that are very important on VA and…
The Federal Housing Administration, commonly known as FHA, has a mortgage refinance program call FHA Streamline Refinance Mortgages which is available to all homeowners who currently have FHA Loans. FHA Streamlines is a fast-track refinance loan program where a homeowner with an FHA Loan refinance and close on their refinance a mortgage loan in two…
Texas cash-out refinances mortgage guidelines differs from any other state in the nation. We will discuss and cover the differences in the agency mortgage guidelines when it comes to Texas cash-out refinance mortgage guidelines. If you’re a homeowner in Texas and you’re looking to refinance your home loan, there’s a lot to consider. One of…
This ARTICLE On Rebuilding Credit After Bankruptcy To Qualify For A Mortgage Homebuyers can qualify for a mortgage after bankruptcy. Bankruptcy is a great tool for consumers to get rid of unsecured debts and get a new fresh start in their financial life. There are many Americans who would benefit from filing for bankruptcy. However,…
This Article Is About How Can I Qualify For A Mortgage With High Student Loan Debt How Can I Qualify For A Mortgage With High Student Loan Debt is one of the most frequently asked questions by many of our viewers at Capital Lending Network, Inc. With the booming housing market and historic low mortgage…
Many borrowers heard of the term VA compensating factors for VA when they started looking for a lender to get qualified and pre-approved for a VA mortgage loan. VA Compensating Factors are positive strong factors mortgage borrowers have. Compensating Factor comes into play on manual underwriting borrowers who have a higher debt to income ratio….
In this blog, we will cover and discuss HUD student loan guidelines on debt-to-income ratio calculations by mortgage underwriters on FHA loans. Large outstanding student loans can become an issue when qualifying for an FHA loan. HUD student loan guidelines are different than other loan programs. Every mortgage program has its own student loan guidelines…