Everything You Wanted to Know About Mortgage Rates (But Were Afraid to Ask)
Table of Contents1 A Guide to Help You Understand Mortgage Rates1.1 What Are Mortgage Rates? What Influences Them?1.2 Who Sets Mortgage Rates?1.3 How Banks Calculate What You Can Afford1.4 Fixed vs. Variable Rates1.5 Mortgage Pre-Approval1.6 What Happens if Interest Rates Change?1.7 How Mortgage Brokers Help You A Guide to Help You Understand Mortgage Rates Are […]
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Should You Get Mortgage Insurance?
Table of Contents1 Key Takeaways2 What is Mortgage Insurance and What Types of Insurance are Worth Investing In2.1 MORTGAGE INSURANCE VS. MORTGAGE PROTECTION INSURANCE: WHAT’S THE DIFFERENCE?2.2 MORTGAGE DEFAULT INSURANCE 1012.3 SHOULD YOU GET MORTGAGE PROTECTION INSURANCE?3 What Is Mortgage Life Insurance?4 What Is the Difference Between Mortgage Insurance and Life Insurance?5 Why Should You […]
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What to Do if You’re Denied a Mortgage Loan
Step Back, Assess What Went Wrong, And Develop A Plan You received your mortgage pre-approval letter, found the perfect home, and learned your offer was accepted. You were all set to take the next steps – closing and moving into your new house – when you got the news: mortgage loan denied. After a lengthy […]
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15 Reasons Why Mortgage Loan Application Get Rejected
Table of Contents1 Understanding the Most Common Reasons for Rejection1.1 1. Car Loans1.2 2. Changes to Your Credit After Qualification1.3 3. Inadequate Employment History1.4 4. Lack of Credit1.5 5. Unpaid Tax Liens or Judgements1.6 6. Business Debt1.7 7. Down Payment Source Isn’t Acceptable1.8 8. You Are Self-Employed1.9 9. Tax Return Errors1.10 10. Not Enough Savings1.11 […]
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