In Part 1 of our series, we discussed income and the documentation you’ll need for your lender. You can read Part 1 here: 5 Things to Know Before You Apply for a Mortgage
In Part 2, we’ll discuss documenting your cash assets for the down payment, closing costs, and reserves (the money you have left over after settlement [...]
Posts Tagged Mortage Advice
Everyone has heard that mortgage underwriting has gotten tougher and that, as a result, it’s harder and harder to qualify for a mortgage and to get through the mortgage process. Today, lenders scrutinize every detail of a borrower’s loan application and if you are not prepared for this extra scrutiny the experience can be frustrating and [...]
Did you know Prosperity Mortgage can offer you and your clients many different options as to when and how they would like to pay their mortgage?
Unlike most other loan servicers, we do not charge borrowers for this service. Your buyers can save thousands of dollars over the life of their loan by using several of [...]
Save Time & Money by Using an Interest Credit
Many agents & buyers believe it is best to settle at the end of the month in order to save buyers money on pre paid interest. As you know, the lender charges interest from the day of closing until the end of the month. The borrower does [...]
Do You Know Me?
Jan 24
You all know me as Jeff, but my legal name is Steven Jeffrey Baxter. And, as of January 1st, that’s how the Delaware Office of the State Banking Commissioner, the Maryland Department of Labor, Licensing and Regulation, and the Nationwide Mortgage Licensing System (NMLS) knows me. Although I haven’t answered to Steve or Steven since [...]
