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A dollar saved is often better than a dollar earned since there are no taxes associated with it. That is, unless you have income streams that are non-taxable.  While non-taxable…

One critical aspect of the loan process that often gets overlooked in mortgage lending is that of liquid savings – also known as reserves. This can become a major issue…

Have you wondered what the mortgage loan pre-approval process looks like? While the loan process is similar across the mortgage industry, it will vary from lender to lender.  Since we…

The main driver for all conventional mortgage loan applications is qualifying income. This is the single most important metric followed by credit scores and assets since your qualifying income determines…

Have you ever wondered why your mortgage lender is asking you to e-sign a letter that appears to be incredibly trivial on the surface or completely insignificant? Well, like many…

Not all mortgage pre-approvals are created equal. Getting pre-approved for a mortgage loan is an exciting first step in the home-buying journey, but not all pre-approvals hold the same value….

When it comes to mortgage lending & false advertising, the most common “bait and switch” scam comes in the form of direct mail. While these mailers might not technically be…

Documenting funds to close and reserves is often one of the most cumbersome parts of the entire mortgage loan closing process. While mortgage lending guidelines are rigid when it comes…

With Halloween coming up, we thought sharing some mortgage horror stories would be a great way to set the mood.  Appraisal Inspection Lost A borrower who applied for a mortgage…

Home Equity Lines of Credit (aka HELOCs) have become a common discussion topic when it comes to access to home equity. Many, if not most, individuals with a considerable amount…