Reader Question: Do underwriting guidelines vary between lenders?
I recently received this email from a Mortgage Porter subscriber: Do different banks need different underwriting documents? I am...
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Fannie Mae and Freddie Mac improve HARP 2.0 Underwriting Guidelines
On Friday, Fannie Mae and Freddie Mac announced much needed updates to underwriting guidelines for HARP 2.0. The Home Affordable...
read moreHow to Prepare for the Final Phase of the Mortgage Process: Underwriting
You’ve completed a loan application and have provided your mortgage originator with your income and asset documents....
read moreWhat Do You Need for a Preapproval?
If you’re considering buying a home, many real estate agents and/or sellers will require a preapproval letter. A preapproval...
read moreDo I Really Have to Provide All Pages of My Bank Statements?
When assets are being used for down payment of a new home, towards closing costs on a refinance or even to document that the...
read moreFunds for closing when you’re buying a home
Whenever you are buying a home utilizing a mortgage, your lender is going to need to know where your funds that will be used...
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