Bank Deposits

For loan approval, the most recent 2 months of asset accounts (checking, saving, investment, etc.) must be documented. During the approval process, these documents are used to verify funds for closing, earnest money check clearing, sufficient assets, etc. One item…

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Home Express Mortgage Plan

We have created a unique process to evaluate your mortgage needs and assist you in determining the right mortgage. Our Home Express Mortgage Plan is the answer to your home loan needs. We have attached a copy below for you…

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Mortgage Tune-Up

“Managing your money is like a relationship… If you don’t pay attention to it, someone else will and you can say bye bye.” If the last time you looked at your mortgage was when you closed on your loan, it’s…

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Are You Preapproved?

Pre-Qualification vs. Pre-Approval Many times in this process buyers confuse being pre-qualified with being pre-approved. It is important to understand the distinction between being pre-qualified for a loan and pre-approved for a loan. The difference between the two terms will…

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About Interest Rates

  One way to think about your Interest Rates is to consider it a “rental fee” of sorts. If I rent you the use of my equipment, say, a lawn mower, I can charge you a daily fee for the…

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Supporting Loan Documents

The information you might need to provide at the time of your application is provided here in a convenient checklist. You should be aware that you and your spouse (or other co-borrower(s)) must provide all requested information. Purchase Contract and…

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Homeowner Deductions

Home Mortgage Interest – One of the advantages of owning your own home is that the home mortgage interest and real estate taxes paid can be deducted from your federal income tax*. To do so, you will need to comply…

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Your FICO Score

In today’s increasingly automated society, it should come as no surprise that when you apply for a mortgage, your ability to pay can be reduced to a single number. All the years you’ve been paying your mortgage, car payments, and…

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