5 Common Mortgage Application Mishaps

5 Common Mortgage Application Mishaps And How to Avoid Them     1. Missing or Late Documents Before and during the mortgage process, your broker or lender will ask for tons of documentation. Sometimes, the documents you provide may prompt the need for more documents. It’s important to stay in touch with your broker or lender throughout the process, and promptly provide information when requested. The mortgage loan process can be complicated, and keeping up with what your broker or lender ask for will help smooth the process! 2. Applying for or Closing Credit...

March 22nd, 2018 | Reverse Mortgage, Types of Loans, Home Loans, Mortgage, 5 Common Mortgage Application Mishaps

FAQ: What is a reverse mortgage?

  What is a reverse mortgage? Reverse mortgages are one of the most popular, and one of the most misunderstood mortgages out there. Some seniors rule out the idea of getting a reverse mortgage based on misconceptions about what it means. Of course, with all significant financial decisions, everyone’s situation is different. Here we will set some of the facts straight about reverse mortgages to help you make an informed decision.     You don’t give up ownership of your home Some people believe that getting a reverse mortgage means giving up ...

February 11th, 2018 | Reverse Mortgage, Home Loans, Independent Mortgage Broker, Mortgage, Types of Loans, FAQ: What is a reverse mortgage?