Category Archives: Mortgages

  • New FHA Leeway for Home Loan Approvals

    BY Bill Stehr

    Having a low FICO score usually means there is no way for you to quality for a FHA mortgage, but changes to the underwriting process August 2015 means that more borrowers may qualify. This blog summarizes news on New FHA... 

  • Qualifying for a Mortgage When You’re Self-Employed

    BY Bill Stehr

    During the past several years, many turned to entrepreneurship to survive¬†the economic downturn and job loss, but how does this impact Qualifying for a Mortgage When You’re Self-Employed? In fact, working for yourself... 

  • Manage Your Risk of Slower Closing Procedures Soon in Effect

    BY Bill Stehr

    This year, the Consumer Financial Protection Bureau (CFPB) begins requiring banks provide a different protocol of lender documentation to close mortgaged home purchases. 30-day escrows will soon be in the past as all concerned... 

  • Is an FHA Mortgage Right for You?

    BY Bill Stehr

    An FHA mortgage is a loan insured by the Federal Housing Administration. The FHA, an agency of the U.S. Department of Housing and Urban Development (HUD), insures loans so that lenders will offer appealing rates to less qualified... 

  • Real Estate Terminology: Loan Types, the Fifth in a Series

    BY Bill Stehr

    When it comes to real estate loans, you’ll find that there are many Loan Types. Figuring out which loan or loans are best for your new property purchase can be confusing, but we can help. Here are some types of loans...