Helping Washington State homeowners learn more about their mortgage options.
One of the benefits of a Correspondent Lender is that we work with many mortgage investors and lenders. Some of them are big banks you’ve probably heard of and perhaps others are less commonly known. It’s a great feature that we can not only work with the pricing our investors offer, so we’re able to shop rates for our clients, but we can also use the various mortgage programs. [Read more…]
Effective July 29, 2017, Fannie Mae will release DU Version 10.1, packed full to changes to their underwriting guidelines. These changes apply to Fannie Mae conforming mortgages (Freddie Mac has different guidelines). Here are some of updates effective at the end of this month:
50% Debt-to-Income Ratios. [Read more…]
Rhonda Porter is a Licensed Mortgage Originator MLO121324 living in the greater Seattle area. Rhonda began her career in 1986 in the title and escrow industry and began her mortgage career in 2000. She enjoys helping people understand the mortgage process and started writing The Mortgage Porter in late 2006. Read More…
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