by Trevor | Sep 12, 2016 | Mortgage Approval Process
You’re ready to pursue a mortgage. When should you seek a pre-approval? In short, the answer is “as soon as possible.” There are many advantages to getting pre-approved as early as possible. Items related to your credit, income and assets should be...
by Trevor Lane | Mar 28, 2010 | Home Buying Process
Getting a new mortgage for a First-Time Home Buyer can be a little overwhelming with all of the important details, guidelines and potential speed bumps. Since there are so many rules and steps to follow, here is a simple list of Do’s and Don’ts to keep in...
by Trevor Lane | Mar 28, 2010 | Mortgage Approval Process
Facts About Identity Theft: It’s estimated that there were 10 million victims of identity theft in 2008, and 1 in every 10 U.S. consumers have reported having their identity stolen. The U.S. Department of Justice reported in 2005 that 1.6 million households...
by Trevor Lane | Mar 28, 2010 | Mortgage Approval Process
While the actual credit score has a big impact on a loan approval, it’s not the only component of the credit scenario that underwriters consider for a mortgage approval. Since loan programs, individual lenders and mortgage insurance companies all have their own...
by Trevor Lane | Mar 28, 2010 | Mortgage Approval Process
While the basic Rule-of-Thumb for acceptable credit history is a minimum of four trade lines documented on a credit report, there are alternative methods of building a credit picture that an underwriter can use to make a decision for a loan approval. For potential...
