What do Lenders Use to Decide How Much to Lend You? Posted on February 15, 2019 by JMCHood If you are thinking about buying a home, but have no clue how much mortgage you might qualify to receive, you have a lot of work… Read More
When is it Right to Lock Your Mortgage Interest Rate? Posted on January 31, 2019 by JMCHood If there’s one thing most borrowers are worried about, it’s their interest rate. Many borrowers want to lock their rate as soon as they get their… Read More
Understanding What Active Contingent Homes Mean Posted on January 11, 2019 by JMCHood When you look through the home listings, you’ll see a variety of statuses for each home. One of the most commonly misunderstood is the active contingent… Read More
Can You Have More Than Two Borrowers on a Mortgage? Posted on December 25, 2018 by JMCHood Did you know that more than two borrowers can be on a mortgage? While it’s not your typical situation, it does happen. Compare Offers from Several… Read More
The Secret to a Fast HELOC Approval Posted on August 30, 2018 by JMCHood A HELOC can serve as an emergency fund, help you remodel your home, or pay for college. Whether you need the funds fast or you want… Read More
Can You Refinance If You Are Behind on Mortgage Payments? Posted on August 10, 2018 by JMCHood If there’s one thing all lenders look at when qualifying you for a refinance, it’s your mortgage payment history. Lenders want to see that you pay… Read More
How Does an Appraisal Affect a Refinance? Posted on June 21, 2018 by JMCHood The appraisal is one of the most important factors in your refinance. It’s how the lenders determine how much they can lend you. Of course, you… Read More
Follow These 5 Tips for a Stress-Free Home Closing Posted on June 12, 2018 by JMCHood If you thought searching for a home was stressful, just wait until you get to the closing. Just when you thought everything was going perfectly fine,… Read More
Do all Mortgage Lenders Offer VA Loans? Posted on June 1, 2018 by JMCHood Veterans have the opportunity to borrow 100% of the purchase price of a home assuming the home is worth as much as the sales price. But,… Read More
What Is VA Second-Tier Entitlement? Posted on May 17, 2018 by JMCHood If you are a veteran with adequate time in the service, you may be eligible for VA home loan benefits. What many veterans don’t know is… Read More