Home Loan Requirements and Documentation in Arizona and California ALL HOMEBUYERS: Copies of W-2’s for the last two years; Copies of paycheck stubs for the last 30 days (most current); Copies of checking and saving account statements for last three months (all pages); Copies of quarterly or semi-annual statements for checking, savings,…
Academy Mortgage: Ten Day Close Guarantee in Arizona and California Ask About Academy Mortgage’s Ten Day Close Guarantee! Tired of waiting on the bank to approve your loan so you can move into your house? Customer service is becoming a thing of the past and more and more banks and brokers are taking as long as 45 days to complete your loan…
Homepath Loan Summary. It provides the basic information about obtaining a HomePath loan.
The Federal Housing Administration, which is supporting the housing market by insuring thousands of new mortgages every day, is expected to announce on Wednesday that it is tightening standards. Yes, its that time again folks. FHA is making changes that will affect the housing industry, once more. As most already know the mortgage industry is…
Improving your FICO / Credit Scores For a long time, longer than I care to remember, FICO Scores aka credit scores have been an super secret formula where only the credit reporting bureaus (Experian, Transunion, Equifax) knew how they worked. This, of course, is because they are the ones who created the system. For too long,…
FHA 90 Day Flip Rule Is Waived for 1 Year HUD has ruled on waiving the 90 day seasoning financing contingency for buyers. What does this mean? Effective February 1st 2010, FHA/ HUD will not require that a seller of a property be on title for 90 days or more in order to sell the…
Overview It can be time-consuming to dispute mistakes on your credit reports and eliminate inaccuracies, but it’s worth doing. Start by calling us and obtaining a copy of your credit report. Although most national lending institutions report consumer credit information to all three credit bureaus, smaller banks and other credit grantors may report only to…
How to Improve Your Credit Score Overview Developing a solid credit history takes time. Nothing can create a dramatic overnight jump in your credit score but there are tools that can help you ensure you’ll help your score climb. Read up on sure-fire steps to improving your credit score and reaping the benefits of a…
What is a Good Credit Score? Overview: Learn the basics of credits scores and what they mean to your financial situation. Find out which part of your credit report can affect your interest rate. Then, read up on home loans that fare well in even low credit climates, like FHA and USDA Programs.. Your credit…
What Your Credit Report Says About You Overview Your credit score is one of the most important factors in determining if and how you qualify for a mortgage. But if your credit isn’t perfect, you still have safe, secure loan options that don’t rely so heavily on your credit score, like FHA. So who compiles…
