Lenders need to verify your income in order to approve you for a mortgage. Does this mean that every lender will ask for your tax returns, though?Compare Offers from Several Mortgage Lenders.Luckily, the answer is ‘no.’ Not everyone has to provide his or her tax returns. Only certain borrowers must provide these documents to prove their income. If you are an employee of a company and … [Read more...]
Getting Your COE: How Long Does it Take?
Just because you think you are eligible for a VA loan doesn’t mean you get one. You have to have actual proof that you are eligible. The only document that proves your eligibility is the Certificate of Entitlement. This certificate shows the amount of your entitlement and the fact that you are eligible for the VA program. Without it, you can’t get a VA loan.Looking for Current Mortgage … [Read more...]
Follow These Steps to Quickly Boost Your Credit Score
Is your credit score lower than you would like? Are you thinking about applying for a mortgage? If so, you need to get your credit score higher so that you can get the best interest rate and terms available.Compare Offers from Several Mortgage Lenders.Luckily, there are a few simple ways that you can quickly boost your credit score and get the best mortgage terms. Dispute Inaccurate … [Read more...]
What is the VA Home Loan Benefit?
The VA home loan benefit helps veterans and their families become homeowners. The VA does this by providing approved lenders with a guaranty. This guaranty promises the lender the VA will reimburse them up to 25% of the amount defaulted on if you stop paying your mortgage.Get Matched with a Lender, Click Here.How does this help you as a veteran? Keep reading to find out. Who Provides VA … [Read more...]
Common Factors That Result in Mortgage Lender Overlays
Mortgage lender overlays are additional requirements on top of the published requirement by a loan program. The government-backed programs, FHA, VA, and USDA are often the most common programs that have lender overlays. However, it’s not unheard of for lenders to make the conventional loan guidelines a little stricter too.Get Matched with a Lender, Click Here.So what lender overlays are … [Read more...]
