What’s The Difference Between A Single Family, Second Home and Investment Property?
When applying for a mortgage, a borrower's "Occupancy Type" is a major factor in the amount of down payment required, loan program available and…
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Clear answers and practical insights for renovation financing, homeownership, and the mortgage process.
What’s My Debt-to-Income (DTI) Ratio?
Debt-to-Income (DTI) is one of the many new mortgage related terms many First-Time Home Buyers will get use to hearing. DTI is a component…
Read MoreCalculating Loan-to-Value (LTV)
Understanding the definition of Loan-to-Value (LTV), and how it impacts a mortgage approval, will help you determine what type of loan amount and program…
Read MoreCommon Documents Required For A Mortgage Pre-Approval
It's important to know what documents are required for a mortgage pre-approval. Even though many lenders are still quoting quick 10 minute pre-qualifications over…
Read MoreTop Mortgage Terms To Know
While most mortgage web sites offer a glossary containing hundreds of real estate and lending related terms, we wanted to highlight the top terms…
Read MoreWho Owns My Home If I Have A Mortgage?
A common question I see is: Who owns my home if I have a mortgage? Many borrowers believe that when they purchases a property…
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VA Eligibile Property Types and Loan Limits
With VA mortgage loans, you are allowed to take out a loan on either the purchase of an existing home or for the construction…
Read MoreHow Does A VA Compromise Sale Work?
A VA compromise sale is designed to help veterans who have a VA mortgage and need to sell their home, but would end up…
Read MoreWhat Are The Credit Score Requirements for VA Mortgages?
First and foremost, the VA does not require a certain credit score in order for approval. The actual mortgage lenders, however, are allowed to…
Read MoreHow Does VA Mortgage Entitlement Work?
One of the main questions we receive in regards to VA loans is, "What is a VA mortgage loan entitlement?"
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