lender

3 minutes read
Lenders always verify employment before you close on a loan. It’s not enough to supply your paystubs or even your tax returns. Lenders need to hear from a third party that you are employed. This helps the lender determine that your income is as accurate as you reported. Get Matched with a Lender, Click Here. DEFINING THE VERIFICATION OF EMPLOYMENT The Verification of Employment is a way for the lender to ensu...
5 minutes read
You received your mortgage approval, you figure everything is good to go and you are free to do with your finances as you wish, right? Unfortunately, this can hurt you in the end. Lenders have gotten smarter with their ways, especially after the housing crisis. Now, not only do they recommend that you don’t open a new credit card, buy a new car, or rack up your current credit card balances before you close, t...
2 minutes read
Once you have a mortgage, you want to know that your loan servicer will respond to your inquiries or requests. Unfortunately, that’s not always the case. Thousands of complaints are filed against mortgage lenders every year for lack of communication and/or help with their situation. Get Matched with a Lender, Click Here. If you are in a mortgage lender runaround situation, what you can do? Luckily, the law ha...
5 minutes read
Lender overlays may prevent you from getting the mortgage you thought you were a ‘shoe in’ to receive. Lender overlays are guidelines a lender adds to a loan program’s basic guidelines. They are common, but it doesn’t mean that you’ll never get the loan you need. You just have to know how to get around them. Get Matched with a Lender, Click Here. We help you understand the five most common ways to get...