A bad credit history could mean no mortgage. But just how far back do lenders look? Does one mistake scar you for the rest of your life? Luckily, it probably doesn’t. Unless of course, you don’t pick up the pieces and improve your credit moving forward. Here we will discuss how a bad history can […]
The Differences Between Prime and Subprime Mortgages
Two of the most common terms you will hear in the mortgage industry is prime and subprime. The two terms both refer to types of mortgages. However, they mean very different things. You either fall into one category or the other, rarely do people fall into both categories. There is not one category of loans […]
How to Get Underwriters to Approve Your Bank Statements
You would think bank statements would be a pretty straightforward condition to satisfy on your mortgage. It’s not. It could actually be one of the most complicated. Knowing what underwriters look for and what sends out a red flag can help you get approved. We’ll take a close look at what goes on in underwriting […]