by Brian Bush | Jul 12, 2021 | Alternative Loan Programs, Guidelines, Qualifying
How These Loans Just Got Better If you are a real estate investor, you probably know that getting the right financing for your investment property can be difficult. Banks and other lenders typically see these as riskier loans so they create tighter guidelines to...
by Brian Bush | Apr 5, 2021 | Alternative Loan Programs, First Time Home Buyers, Guidelines, Program Updates, Qualifying, Residential Lending
Recently, the credit market for mortgage loans has seen some dramatic changes for the better. After years of extremely tight lending guidelines and risk avoidance by major banks, there are new loan programs that allow more flexibility. This means that we are getting...
by Brian Bush | Jun 2, 2018 | First Time Home Buyers, Mortgage Pre Approval, Qualifying
Getting A Mortgage Pre Approval Are purchase offers still submitted with a Pre-Qualification letter and not an actual Mortgage Pre Approval? I hope not. There is no good reason for a buyer or buyer’s agent not to submit a Pre-Approval, at least a copy of a Fannie Mae...
by Brian Bush | Mar 3, 2016 | Qualifying, Residential Lending
Mortgage lenders establish minimum credit scores as part of their program guidelines. If an applicant has a credit score lower than what is required, that will usually mean the loan request will be denied, regardless of how strong the rest of the application is. Click...