Getting A Home Mortgage Through Virtual Lending
Getting a mortgage online is becoming increasingly popular among home buyers. Not only does virtual lending make it easier to find the right lender, but it also speeds up the entire process.
How Your Loan-To-Value Ratio Affects Your Mortgage Application
Summary: The loan-to-value ratio measures the mortgage amount against total home value. The property is collateral to be seized in the event of foreclosure. If the loan amount exceeds 80 percent of the value, the lender bears a greater risk…
When Getting A Loan, Lenders Look At More Than Just Your Credit Score
Summary: Credit scores are important indicators of a loan applicant’s financial responsibility and capacity to meet fiscal obligations. Income, employment history, assets held, and a house that meets lender guidelines are also essential to a successful application. When an insurance…
The Loan-to-Value Ratio Explained: A Guide for Borrowers in Washington
Summary: The loan-to-value ratio, or LTV, is an important concept for home buyers and homeowners in Washington State. This article will go into more detail about the LTV and why it matters to mortgages. For buyers, it can affect everything…
Overview of the Mortgage Application Document Used in Washington State
Summary: The mortgage application process in Washington can be a confusing one for many buyers. In this article, we will take a look at the standard mortgage application. Homebuyers in Washington tend to have a lot of questions about the…