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…
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…
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…
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…
Summary: When applying for a home loan in Washington State, you'll need to provide a variety of different documents pertaining to your assets, income, and debts. Mortgage companies use them to help verify your financial situation, and also for underwriting…