In a market where prices have been declining lenders begin to take hard looks at appraisals that appear to be pushing the envelope in values. This is especially true of homes valued at over 750K. There are 2 types of reviews that your appraisal could be subjected to.
The first is a desk review. This is [...]

Popularity: 4% [?]

When applying for a home loan it is important to prepare your file for what an underwriter will look at. Many borrowers are not aware of what they look for and how they think.
It is simple really. Contrary to what many borrowers think, an underwriter’s job is to find a way to DENY the file. [...]

Popularity: 4% [?]

As the lending industry tightens the belt on requirements there are options that borrowers may want to consider to help them qualify for a home loan. One option is using pledged assets in lieu of a down payment.
Pledged assets are exactly what they imply. They are assets that are pledged as security for a down payment. For [...]

Popularity: 4% [?]

The mortgage industry is expected to see $112 billion in losses over the next 6 years due mainly to mortgages that are adjustable. Many of these loans had attractive low fixed rates for a short period but once that period expires the adjustment can leave homeowners with a much higher payment that is simply unaffordable.
The [...]

Popularity: 4% [?]