How does the mortgage underwriting process work? The mortgage underwriting process involves a detailed review of a prospective buyer’s finances and any risk associated with the loan. It all starts with an application about employment, assets, finances and purchasing intent. Once all documents are verified, the underwriter… Read Full Article Share FacebookTwitterLinkedIn
How do I choose the right real estate agent? You’ll encounter many people who play a role in securing your new home; one of the most prominent being a real estate agent. Agents are responsible for guiding clients — buyers or sellers — through each step of the process…. Read Full Article Share FacebookTwitterLinkedIn
Should I waive my mortgage contingency? A mortgage contingency is an extremely important form of protection for buyers to avoid losing deposits in the instance they are unable to secure financing. That said, you may feel more confident waiving a contingency if you have already been… Read Full Article Share FacebookTwitterLinkedIn
What happens once my mortgage is paid off? Congratulations! Once you pay off your mortgage, you will receive documentation from your lender or broker. You will then need to notify your local records office in order to receive your deed of trust. Read Full Article Share FacebookTwitterLinkedIn
What happens if I have questions about my mortgage years later? A reputable lender will always be available to help and answer your questions — no matter if it’s one week or 10 years after you sign your mortgage. Read Full Article Share FacebookTwitterLinkedIn
When does the foreclosure process start? Foreclosure is when the lender takes control and ownership your home and removes you from the property. This typically occurs 120 days after the borrower hasn’t made any monthly mortgage payments. Read Full Article Share FacebookTwitterLinkedIn