FHA – In addition to normal employment verification, a borrower employed by a family owned business is required to provide … More Underwriting Tip – Borrowers Employed by Family Business
FHA Underwriting Tip;
a first-time home buyer is defined as someone who has not owned a primary residence in the three-year period ending on the date of purchasing the home. Married couples are considered first-time buyers if neither spouse has owned a residence in the previous three years.”
The mortgage process — from pre-qualification to closing. Buying a new home is one of the most exciting and life-changing … More The mortgage process — from pre-qualification to closing.
Q&A: Impact on Credit Scores? QUESTION: Can a Home Equity Line of Credit (HELOC) impact my credit score? ANSWER: Credit expert … More Can a Home Equity Line of Credit (HELOC) impact my credit score
The most widely used credit scores are FICO scores, which were developed by Fair Isaac & Company, Inc. (and they’re named after their inventor!)