ARCHIVED BLOG POSTS
2011
2
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FHA 203K Renovation Mortgage Flow When using an FHA 203K Renovation mortgage to purchase a home, there is a flow that needs to be followed. When the proper course is followed, the FHA 203K approval process goes much smoother. For all of your FHA 203K financing needs, call (404) 591-2453.
02/13/2011
0
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In today's ever changing lending environment, there are still underwriting requirements that many borrowers do not understand the need for. Letters of explanation have become much more commonplace in today's mortgage approval process in the last 3 years. A letter of explanation can be required...
02/11/2011
2
Comments
Can I write a personal check at closing? The usual answer to this question is no. Most closing attorneys/title companies can/will only accept a personal check for a few hundred dollars. The typical maximum is around $500 or $1,000. Funds for a real estate closing typically need to be in the fo...
02/11/2011
You have my pay stub, why do you need to verify my employment? I recently had a borrower ask this question. They couldn't understand why we needed to contact their employer to verify their employment. A Verbal Verification of Employment is nothing new in the underwriting guidelines. In fact, ...
02/11/2011
Rainmaker
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498,794
Rodney Mason, VP of Mtg Lending
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