MortgageNews

What Is Verification of Employment for a Mortgage?

When you apply for a mortgage, underwriters will comb through your finances to determine if you’re a good candidate for a loan. This includes verifying a lot of personal information, […]

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Wells Fargo the Top Mortgage Lender in 2017, Quicken Tops for Number of Loans

Despite closing a higher number of mortgage loans last year, Quicken was unable to wrestle the coveted top spot away from Wells Fargo, per HMDA data parsed by iEmergent. During […]

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Sell Your House or Rent It Out?

If you already own some real estate, perhaps a house or a condo, and are looking to move on, you might ask yourself if it’s better to sell it or […]

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How to Get Cash Out of Your Home in a Rising Rate Environment

In a perfect world, you could tap into your home equity and lower your mortgage interest rate at the same time. But because interest rates rise and fall over time, […]

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The Largest Nonbank Home Purchase Lender in the Nation Is a Wholesaler

Everyone wants to be #1 these days. I guess that’s no different than any other days, but the battle to be on top is growing more and more contentious, especially […]

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Borrowers Don’t Choose Mortgage Lenders for the Best Interest Rate

Conventional wisdom would lead us to believe that consumers go with the mortgage lender that offers the lowest interest rate. This appears to not be the case… In fact, it’s […]

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5 Things Home Buyers Are Doing If They Haven’t Found a Property After 3 Months

If you’re a prospective home buyer, life isn’t fun right now. The real estate market remains red hot (despite those headlines about it cooling) and quality properties are few and […]

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Getting a Mortgage with a Gig Economy Job

If you’re one of many people out there who happens to bring in money from a so-called “gig economy” job, you might be wondering if such income can be used […]

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One Really Simple Way to Offset a Higher Mortgage Rate

We all know mortgage interest rates are increasing. While they’ve seen periods of relief here and there, the trajectory seems to be decidedly higher. How much higher remains to be […]

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Average Home Seller in 2017 Made Only $39,000

While all the headlines paint a really rosy picture for the real estate market where sellers are cashing in mega gains, the average takeaway isn’t all that great. A recent […]

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