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
The Top Ways to Get Around Lender Overlays Posted on January 8, 2019 by JMCHood Just because the FHA or VA has certain requirements doesn’t mean that every lender will follow them. Sometimes lenders add what they call ‘overlays.’ These are… 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
Options for Getting Out of a Joint Mortgage Posted on September 18, 2018 by JMCHood You signed a joint mortgage with your spouse or significant other and now you want out. Can you just walk away from the home and tell… 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
5 Ways to Make Your VA Loan Refinance go Smoother Posted on August 9, 2018 by JMCHood Do you have a VA loan and want to refinance it? Did you know you may have the option to use the VA streamline refinance? This… Read More
What Not To Do During the Mortgage Approval Process Posted on July 10, 2018 by JMCHood Once you start the mortgage approval process, you have to ‘freeze’ your financial life. In other words, you don’t want anything to change. Even the smallest… Read More