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How to Make Your First Mortgage Payment

Inside Mortgage Finance News reported on October 28, 2014 … “Total mortgage-related complaints filed by borrowers with the Consumer Financial Protection Bureau fell again in the third quarter of 2014 – the fifth drop in the last six quarters, according to figures compiled by Inside the CFPB.      Data contained in the CFPB’s consumer complaint …

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Using Gift Funds or a Co-Signer to Help With Your Mortgage

Should I Pray or Should I Co?   I tend to see a fair amount of high loan-to-value mortgage scenarios, mostly because real estate values here in Marin County, the San Francisco Bay Area and coastal California, in general, tend to be high.  And I think it also has a lot to do with the formidable task …

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How to Dispute Credit Report Errors During Mortgage Process

Veterans of the Mortgage Industry can remember a time when clients suffering errors or inaccuracies within their Credit Report, were typically advised to “dispute”  those errors … But because of recent changes that have taken place in the Mortgage Industry’s Automated Underwriting Systems (commonly referred to as AUS), the advice given to current mortgage clients …

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Are You Self-Employed and Hoping to Get a Mortgage?

From a Mortgage Lender’s perspective, the most complicated Mortgage Applicant is often the Applicant that is Self-Employed.      Why?      Full Documentation Loan Files are demanded in today’s Mortgage lending.  IRS transcripts are requested (and received) on the vast majority of Mortgage Loan Applications.  With Self-Employed Borrowers, the only way to verify income …

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Looking for Trends in Mortgage Lending During 2014

Turn on the TV.  Read a newspaper. Check-out Social Media … and you’ll run into an article(s) regarding the latest “trends“.  Heck, on Twitter they have a trend list that’s constantly evolving and updating.  Trends … and being able to report them … are big news. That’s certainly true in the Real Estate/Mortgage world too.  …

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