Mortgage

Things to Remember
Things to Remember 1024 536 zakrhodes

  The are many factors that can change your ability to qualify for a mortgage. It’s important to follow these guidelines until your loan is closed. Do Pay all your monthly bills on time Keep track of all your bank deposits and statements Find and…

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Grants & Down Payment Assistance Programs
Grants & Down Payment Assistance Programs 1024 536 zakrhodes

A 2017 Zillow survey of 10,000 American adults found that two-in-three people who were then renting identified saving for a down payment as their biggest obstacle to homeownership. If you want to become a homeowner, but you don’t have enough cash for a down payment,…

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Understanding Cash-Out Refinances
Understanding Cash-Out Refinances 1024 536 zakrhodes

  If you’ve built up significant equity through your monthly payments and your home’s appreciation, a cash-out refinance may make sense to improve your general financial situation or the value of your home. With a cash-out refinance, you’re refinancing your mortgage for more than you…

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Verified by Vellum, Your Client’s First Step
Verified by Vellum, Your Client’s First Step 1024 536 zakrhodes

A fully underwritten Verified Pre-Approval by Vellum streamlines the homebuying process and allows your clients to shop with confidence. We are excited to share in the homebuying experience. Gain Confidence & Feel Secure Be able to submit an offer with confidence knowing it provides proof…

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3 Keys to Buying a Home
3 Keys to Buying a Home 1024 536 zakrhodes

  Mortgage guidelines for first-time homebuyers have changed over recent years. In order to ensure loan approval, you need to have everything in order before your application. Credit Credit is very important for the first-time homebuyer. An FHA loan allows a lower credit score, sometimes…

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Pre-Qualification vs. Pre-approval
Pre-Qualification vs. Pre-approval 1024 536 zakrhodes

  Two often confused terms in the home buying process are a mortgage loan pre-qualification and a home loan pre-approval. Here’s what you really need to know about each one. Pre-Qualification A mortgage pre-qualification is simply an estimate of how much home you can afford…

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Why was I countered?
Why was I countered? 1024 536 zakrhodes

  As a homebuyer, if you make an offer below list price, the seller may choose to reject, accept or simply let the offer expire. If there are multiple offers, the listing agent will lay out the options for their client and then notify all…

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Why Use a Local Mortgage Lender?
Why Use a Local Mortgage Lender? 1024 536 zakrhodes

  Real estate agents who would represent you as a buyer do care which lender you use. They’ll often suggest that you use a local lender who’s experienced with your area’s nuances, such as local taxation rules, settlement procedures and appraisal methodologies. These areas are…

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Pen Pals with Your Mortgage Lender?
Pen Pals with Your Mortgage Lender? 1024 536 zakrhodes

  According to a piece in the Wall Street Journal, it is a common practice for underwriters to reach out to borrowers asking for letters of explanation sometimes referred to as “comfort letters” to firm up mushy spots in their knowledge of borrowers’ situations. These…

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Understanding Your Finances
Understanding Your Finances 1024 536 zakrhodes

  One of the first steps in the homebuying process is fully understanding your finances. It’s important and necessary to help you determine how much you can afford. Start by asking yourself the following questions and gather all your supporting documentation: What is your annual…

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