Can I Refinance My Second Mortgage?
Thousands of homeowners across the county have used a second mortgage to help purchase a home A second mortgage reduces the amount of cash needed for a down payment and can help a homebuyer avoid... more
Comparing Home Equity Lines of Credit: How To Get The Best Deal
You’re in the market for a new Home Equity Line of Credit (HELOC), and you’re having trouble deciding if a HELOC suits you because you’re bombarded with so many different offers And every offer... more
How to Lower My Debt to Income Ratio (DTI) as a Homeowner
Your debt-to-income ratio (DTI) is one of the most important figures that will determine how much home you can afford It measures the amount of your monthly debt payments against your monthly income... more
Should I Refinance My Home if I Plan to Sell?
Refinancing your home if you plan on selling it can make sense, but this will depend on your financial situation — it should make financial sense to do so and you should think about what you’ll... more
Does Refinancing a Home Hurt Your Credit Score?
Many homeowners wonder if refinancing their homes will hurt their credit scores The truth is that it depends on several elements such as the time frame for hard credit checks, multiple loan... more
The Mortgage Underwriting Process: Everything You Need to Know
In order to get a mortgage loan, you’ll have to go through a lender’s mortgage underwriting process – including for a home equity loan or home equity line of credit (HELOC) or cash-out... more
Your mortgage loan got denied in the underwriting process? We’ve got answers.
If you’re getting a mortgage loan, you’ll need to go through a lender’s mortgage underwriting process It’s the step in which your lender reviews your loan application to determine if your... more
How to Lower Your Debt-to-Income Ratio: Proven Strategies Homeowners Use to Improve Their DTI
As a homeowner, one of the most important numbers to keep an eye on is your debt-to-income (DTI) ratio This ratio is a comparison of the amount of debt payments you owe each month to the amount of... more
What Happens When a Mortgage Goes to Underwriting?
When a mortgage loan goes into underwriting, your credit and financial background are reviewed to determine whether your application can be approved This can include an assessment of your credit... more
Consolidating Unsecured Debt With Your Home Equity: A Wise Decision
Every year thousands of homeowners consider consolidating unsecured debt using their home equity But is this a wise decision In this article, I will cover when you should consider consolidating... more
