Seeking to align with recent executive orders issued by President Donald Trump, the Federal Housing Administration (FHA) announced on Wednesday the publication of a new mortgagee letter (ML) that ...
Applying for a mortgage? Getting a low-down-payment FHA loan may be a little bit easier now. The Federal Housing Administration has stopped flagging applications from people with previous FHA loan ...
Online-only mortgage applications can offer faster processing times and convenience, but may not be the best fit for individuals with complicated finances or who don’t fit the typical borrower profile ...
The full mortgage application takes place after you’ve had an offer on a home accepted. Your lender will investigate your financials and the property you’re purchasing to complete the application. Be ...
If you've had "homeowner" on your vision board for a while and have finally saved enough money to make that dream a reality, it's tempting to rush through the mortgage application process. It's an ...
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Common reasons why mortgage applications get denied
Mortgage underwriting is often an automated process. Software decides whether you are approved, rejected or asked for additional information. Credit score is the most important factor in determining ...
Amy Fontinelle is a freelance writer, researcher and editor who brings a journalistic approach to personal finance content. Since 2004, she has worked with lenders, real estate agents, consultants, ...
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