What You Need To Know About APOR Mortgage Regulations in 2024 As the financial landscape adapts to new challenges, the Consumer Financial Protection Bureau (CFPB) has overhauled the Average Prime Offer Rates (APOR), critical in the APOR mortgage sphere. This…
As we continue into 2024, prospective homebuyers and homeowners looking to purchase or refinance are keenly observing the mortgage rate trends. Understanding these rates is crucial as they directly impact your monthly payments and the overall cost of your mortgage.…
One-Time Close Construction Loan: A Guide For Homebuyers Building your dream house can be a challenging endeavor, especially when it comes to financing the construction. Traditional construction loans often require two separate closings, one for the construction loan and another…
Being in the mortgage industry we see and study the ebbs and flows of the housing market throughout the year. While spring and summer are traditionally seen as the peak times to buy a home, there are compelling reasons to…
Navigating the journey to homeownership can be a complex process, especially for first-time buyers. Fortunately, 2024 brings a suite of updated programs and incentives designed to make this journey smoother and more affordable. Whether you’re just starting to consider purchasing…
6 minute lesson Lesson Summary Importance of timely document submission for your loan Types of documents needed for loan approval Consequences of delayed document submission Introduction to the online portal for document upload Assistance available from the transaction manager and…
6 minute lesson Lesson Summary Sourcing and seasoning are important in the home buying process. Sourcing refers to where the money is coming from, such as a checking account or 401k. Seasoning refers to how long the money has been in…
6 minute lesson Lesson Summary Down payment assistance programs are set up by states, Lenders or state-run organizations. These programs help first-time home buyers or those who haven't purchased a home in the last 3 years with their down payment.…
6 minute lesson Lesson Summary Innovative Loan Concept: Introduces the AIO Principal First Loan as a groundbreaking financial tool for homeowners. Strategic Approach: Designed to optimize economic benefits for homeowners by managing cash flow and reducing interest. Banking and Mortgage…
The basics of the Rule of 2's 2 Paystubs 2 Months Bank Statements 2 years W-2 2 Years Tax Returns 2 Years of address history 2 years of job history Navigating the mortgage landscape feels akin to conquering a mountain…