As a homeowner, it is important to know the credit score requirements for a 21st Mortgage loan. Your credit score plays an important role in the mortgage loan process, so it’s important to understand what credit score you need to qualify for a 21st Mortgage loan. It’s important to understand that the requirements can vary … Read more
Does Chase have a grace period? The Chase late payment policy provides a grace period of 7 to 15 days. Are you considering applying for an auto loan but not sure what to expect when it comes to the repayment terms? Applying for an auto loan can be a daunting process, especially when you don’t … Read more
If you are considering taking a mortgage from Tower Federal Credit Union, you may be wondering about their mortgage rates. Tower Federal Credit Union offers competitive mortgage rates and a wide range of loan programs, making it a desirable option for many home buyers. In this blog post, we will look at Tower Federal Credit … Read more
What income is required for a 400k mortgage? To afford a $400,000 house, borrowers need $55,600 in cash to put 10 percent down. With a 30-year mortgage, your monthly income should be at least $8200 and your monthly payments on existing debt should not exceed $981. When looking to purchase a home, one of the … Read more
When it comes to obtaining a mortgage, many lenders will require a borrower to provide bank statements as part of their documentation to verify income, assets, and other financial information. However, there are some lenders who don’t ask for bank statements in 2021. This guide will explore the mortgage lenders that don’t require bank statements … Read more
When you are in the process of buying a house, mortgage pre-approval is a major step in the process. Mortgage pre-approval is when a lender looks at your credit, income and assets to determine how much of a loan you can qualify for. For most people, to receive a pre-approval for a mortgage will require … Read more
Within the mortgage industry, mortgage loans are often transferred from your original lender to a company like Specialized Loan Servicing that concentrates on processing payments, providing escrow administration and general activities associated with your mortgage loan after it has been funded. As a homeowner, you may have experienced the surprise of seeing your loan transferred … Read more
Every FHA loan includes closing costs, but they can be reduced. While closing costs are generally considered to be the responsibility of the homebuyer, you may not have to pay for everything yourself. One of the biggest advantages of an FHA loan is the ability to avoid large upfront costs. FHA loans have become increasingly … Read more
Applying for a mortgage loan can be a frustrating and overwhelming process. The process can take weeks, or even months, to complete and can include months of paperwork, review of your credit history, and income verification. Unfortunately, not all mortgage loan applications are approved in the end. In some cases, loan applications get denied in … Read more
Obtaining a college degree can be a costly endeavor, and for many, loans are necessary to realize the dream of a higher education. The Art Institute Loan Forgiveness program is one such option for those looking to reduce their student loan debt. This federal program was created in 1995 to offer financial relief to those … Read more