When you apply for a mortgage, there is the chance that your life and/or financial circumstances may need clarification. If so, it is possible that you must write a Letter of Explanation (or LOX in mortgage-ese, also known as LOE … Continue Reading

If you read the previous posts on property and underwriting you are nearly at the “There will be NO surprises!” stage of applying for a mortgage.  But to ensure you’re seeing the same nude photo of yourself that your mortgage lender is … Continue Reading

I am choosing to exercise a woman’s prerogative here and changing my mind. Instead of concluding the series on “Giving Your Underwriter a Naked Picture” (more professionally known as The Mortgage Insider’s Guide: 5 Tricks To Get Your Mortgage Approved), this article … Continue Reading

So you want to be a loan officer?  Congratulations!  Forbes and other magazines and news publications recently quoted a CareerBliss study that reported being a Loan Officer was the third ‘happiest’ job to have in 2015! Unless you are a … Continue Reading

1.  Give The Lender a Naked Picture A mortgage underwriter once explained to me that her job is to very closely examine a financial snapshot of a borrower.  From that picture, she had to try to determine what happened in the past … Continue Reading

If you’re a first time home buyer, you might be surprised at the options available to finance your new home. Both government programs private lenders offer a wide variety of options to fit the unique needs of first time buyers. … Continue Reading

  The Federal Housing Administration is hoping many Americans will refinance their mortgages after announcing significant reductions in the cost of financing a home.   However the banks that hold these loans are running scared. The banks could stand to lose a large percentage … Continue Reading