I have so many different articles regarding the mortgage process and the typical questions that pop up…I thought I would try to assemble a chronological list based on the process for future reference. This page will be updated as I either write new post OR find some old goodies that are still relevant to share.
PLEASE remember that mortgage guidelines change constantly and it’s very possible that some content on this blog is out of date.
PLEASE consult with your local, licensed mortgage professional before taking action with your credit, assets or debts. If you are considering buying or refinancing a home located anywhere in Washington state, I am happy to help you!
Selecting your Mortgage Professional
How to tell if a mortgage rate quote is fresh? (How long does a quote last?)
Credit
Before you start the mortgage process, do this!
You may think you know your credit score
Should I refi my car before buying a home (or refinancing)?
How many times will my credit report be pulled during the mortgage process?
Down Payment and Funds for Closing
Funds for Closing When You’re Buying a Home
What Determines How Much You Can Qualify for Part 2: Funds for Closing
Do I really have to provide all pages of my bank statements?
Using crypto currency for down payment
Getting Preapproved for a Mortgage
Are you really preapproved or just prequalifed? Part 1
Are you really preapproved or just prequalifed Part 2
What is the difference between a Preapproval Letter and a Loan Commitment Letter?
What are Debt to Income Ratios? (aka DTI)
How do Student Loans impact getting approved for a mortgage?
What Determines How Much You Can Qualify for Part 1: Your Proposed Mortgage Payment
Waiving your financing contingency? PLEASE discuss with your Mortgage Professional BEFORE submitting an offer!
Buying Your First Home
The ABC’s of Buying Your First Home
Getting on track to buy your first home
How much cash do I need to buy a home (in addition to closing cost and down payment)?
Different types of property
Make sure your condo is on HUD’s approved list
Mortgage Programs (click here)
Locking your interest rate and questions about your mortgage payment
Mortgage Interest Rate Locks 101
The 10 Factors for Pricing a Mortgage Rate
Using Rebate Pricing to Reduce your Closing Cost
Extensions: When time is up on your lock
Can I pay my own taxes and insurance?
A compromise to waiving your taxes and insurance from your mortgage payment
During the Mortgage Process
How often will I have to supply documentation during the mortgage process?
Explaining the Letter of Explanation
Appraisals
When can appraisals be ordered?
When an appraisal comes in low
Preparing for closing
Before you go to your signing appointment
Refinancing
Steps in the mortgage process when refinancing a home
Why is my payoff higher than my balance?
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