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Small Important Things About A Mortgage Bridge
We are not talking about London bridge or the Mackinac bridge in this post. We are talking about a Mortgage Bridge. This can happen in a few ways when you obtain financing. You buy a house, and your closing on the new purchase is BEFORE the old home sells. As most client’s down payment comes…
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The 3 Most Important Factors That Determine Your Mortgage Approval
Everyone wants the best rate. It’s incredible to think that the best rate comes with a price. That price is insurance. But nevertheless you get a deep rate discount when you get an insured mortgage and you have these 3 important factors. Income: You have proof of employment income and usually they like to see…
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Income And Your Mortgage. What’s Required.
Always wondered what income was required when you apply for your mortgage approval? Whether its a refinance or a purchase it always seems to be a task gathering all those documents that the banks/lenders require. Sometimes, it seems that there is always one more hoop to jump through, or one more document to retrieve in…