During the homebuying process, mortgage lenders may use the term "escrow" from time to time. Lenders can use the word "escrow" in several different contexts. However, they typically refer to escrow as … [Read more...]
Low Down Payment and No Down Payment Home Loan Options
There are a lot of low down payment and no down payment home loan options for homebuyers today. In this video, Mary Catchur reviews many of the options, which include 1% down payment options and … [Read more...]
When is a Good Time to Refinance?
Have you been wondering whether it is a good time to refinance your home? In this video, Mary Catchur answers the questions for homeowners today, with several factors you should consider … [Read more...]
It’s Easier for Borrowers with Student Loans to get a Mortgage in 2017
Changes with Fannie Mae makes it easier for borrowers with student loans to get a mortgage. So in this video, Mary breaks down these changes, and explains how student loan debt is now calculated in … [Read more...]
Qualify for a Mortgage With a Higher Debt-To-Income Ratio in 2017
Fannie Mae made it easier to qualify for a mortgage by raising the debt-to-income ratio. Many people who may not have qualified for a home mortgage earlier this year may now qualify. Learn about … [Read more...]
What You Need To Know About Closing Cost Estimates For Home Loans
Mary talks about closing cost estimates, and about the things you should know if you are shopping for a home or refinancing your mortgage. Mary shows you what to be watching out for when shopping … [Read more...]
Save Money with a Piggyback Mortgage
In this video, Mary explains how borrowers can save money by using a piggyback mortgage, which is sometimes called an 80/20 loan. Two common savings when using a piggyback mortgage come from … [Read more...]
The Difference Between Financing a Condominium Versus a Single-Family Residence
In this video, Mary shares information about the misconceptions and challenges of getting a mortgage for a condominium. Though it can be more difficult to qualify for a condo mortgage, some of the … [Read more...]
How Much Can You Afford to Pay for a Home?
Answering the question, "How much home I can afford?" is not easy, because the answer varies from person to person. So in this video, Mary Catchur gives an overview of what you should consider when … [Read more...]
Mortgages for High Net Worth Borrowers – You Must Show an Income
High net worth borrowers who buy a home and finance it with a mortgage may think their assets are sufficient to qualify for the loan. However, they must show an income stream to qualify for the … [Read more...]
