What Do Underwriters Look for on Tax Returns?
Mortgages 02/19/2018 •
What do underwriters look for on tax returns? An underwriter may review tax returns for a number of …
Mortgages Archive
What does DTI stand for?
Mortgages 11/12/2017 •
What does DTI stand for? DTI stands for debt-to-income. This is a ratio used by lenders to determine …
PUD vs Condo: Discover the Difference
Mortgages 11/02/2017 •
What is the difference between a PUD and a condo? A planned unit development (PUD) is often confused …
What is a Condo Questionnaire?
Mortgages 11/01/2017 •
What is a condo questionnaire? When a lender sells a mortgage secured to a condo to Fannie Mae …
Lessor vs Lessee: What’s the Difference?
Mortgages 10/07/2017 •
There are a lot of similar words related to mortgages, renting, and housing that are confusing to many …
Mortgagee vs Mortgagor: What’s the Difference?
Mortgages 10/06/2017 •
Mortgagee and mortgagor often get confused. If you ever had a chance to closely review mortgage closing documentation, …
Do Mortgage Lenders Check Credit Card Statements
Mortgages 10/01/2017 •
Generally, mortgage lenders do not check credit card statements. Lenders use the credit report to obtain information on …
Documents Needed for a Mortgage
Mortgages 09/30/2017 •
Many people probably would agree that applying for a mortgage requires a lot of documentation. The documents needed …
What is a Verification of Mortgage?
Mortgages 09/27/2017 •
A verification of mortgage (VOM) is a document used to obtain information on an existing mortgage. It is …
How Long Does Mortgage Underwriting Take?
Mortgages 09/24/2017 •
It all depends on the lender. It can be as little as a couple days to several months. …