Stated Income Pay Option Loans
Despite recent secondary market restrictions, there are still Stated Income Pay Option Loans available to consumers. The pay option programs come with a variety of terms and qualifications. Pay optio
http://www.brokeroutpost.com/reference/158551.htm (Updated: 08/31/2007)
Related Reference Topics: [stated income, pick a pay, deferred interest, cosi]

Using your home equity wisely
Simply put, equity is the difference between the current market value of your home and what you currently owe on it. Obviously, the more equity you have the better. In fact, the ONLY problem with eq
http://www.brokeroutpost.com/reference/130262.htm (Updated: 08/12/2007)
Related Reference Topics: [equity, eckwiti, equitee, helock, helox, helo]

Refinancing when self-employed
Can I refinance if I am self-employed? What are the qualifications that I must meet? How long do I need to be self-employed? These are just a few of the questions that many self-employed people ask wh
http://www.brokeroutpost.com/reference/87006.htm (Updated: 07/09/2007)
Related Reference Topics: [self-employed, stated, refi, qualifications]

Documenting Assets
A critical step in the mortgage loan application process is to verify the sources for your down payment, closing costs and assets, as well as documenting income and debts. The lender uses this st
http://www.brokeroutpost.com/reference/23264.htm (Updated: 07/04/2007)

Loan Approval
Loan Approval means that the borrower meets the lender's qualification requirements and also its underwriting requirements. In some cases, especially where approval is provided quickly as with automat
http://www.brokeroutpost.com/reference/24246.htm (Updated: 06/27/2007)
Related Reference Topics: [qualify, underwriting, verification]

How can I prove my income?
While it’s true that most people know how much mortgage they can afford based on their monthly budget, there are times where the manner in how the income is generated may make it difficult to qualify
http://www.brokeroutpost.com/reference/134289.htm (Updated: 06/25/2007)
Related Reference Topics: [income, qualification, ratios]

Your Credit History
A borrower's record of various personal debt ie: credit cards, consumer debt, etc. and whether payments were made on time. Mortgage lenders will review the borrowers' credit history to help determine
http://www.brokeroutpost.com/reference/38998.htm (Updated: 06/22/2007)

Pre Approved Mortgage
How can i get pre-approved for a mortgage? Getting pre-approved is a very useful and quick first step. Please be sure to read the conditions under which you are pre-approved and satisfy all the condit
http://www.brokeroutpost.com/reference/128844.htm (Updated: 05/30/2007)
Related Reference Topics: [pre-approved, prequalification, mortgage approval]

Prequalify
How do i prequalify for a mortgage? Pre Qualifying for a mortgage means evaluating a set of standardized borrower and property (or other collateral) risk based pricing factors.
http://www.brokeroutpost.com/reference/128836.htm (Updated: 05/30/2007)
Related Reference Topics: [prequalification, prequal for a mortgage, mortgage]

Prequalify mortgage
With a mortgage pre-qualification, the borrower typically has not stated their social security number, so it is not possible to check credit.
http://www.brokeroutpost.com/reference/128838.htm (Updated: 05/29/2007)
Related Reference Topics: [prequalification, prequal a mortgage, ]

Pre-approve
Lender commits to lend to a potential borrower; commitment remains as long as the borrower still meets the qualification requirements at the time of purchase.
http://www.brokeroutpost.com/reference/11040.htm (Updated: 05/28/2007)
Related Reference Topics: [preapproval, prequal, prequalification]

Mortgage Calculator
Many mortgage sites have mortgage calculators such as these: Rent Vs. Buy CalculatorMortgage Qualification CalculatorMortgage Payment CalculatorRefinance CalculatorDebt Consolidation CalculatorMonthl
http://www.brokeroutpost.com/reference/14600.htm (Updated: 05/22/2007)

Collection Accounts
Accounts which have been submitted to collection agencies will show on your credit report and can have adverse effects in your qualification for a mortgage.
http://www.brokeroutpost.com/reference/63310.htm (Updated: 10/07/2006)

When to talk to a Mortgage Professional?
When you pre-qualify, your mortgage professional helps you determine how much of a monthly mortgage payment you can afford, and how much can be loaned to you. They do this by considering your income a
http://www.brokeroutpost.com/reference/42786.htm (Updated: 09/04/2006)

Pre Qualify Before You Buy
A pre-qualification allows you to get an idea of your borrowing potential before beginning your home search. Pre-qualification is usually free and the buyer's ability to purchase a home can be confirm
http://www.brokeroutpost.com/reference/36935.htm (Updated: 06/04/2006)
Related Reference Topics: [pre-qualification]

Home Loans
Most Americans dream of owning their own home and are unsure how to start the process and go from renter to home buyer. The first step is determining your ability to borrow and how much you will be ab
http://www.brokeroutpost.com/reference/29531.htm (Updated: 05/16/2006)
Related Reference Topics: [mortgage, home buyer, home loans]

The Loan Process (Start to Finish)
The Loan Process begins with an initial consultation between the borrower and the broker. During the first conversation, it is extremely important for the borrower to discuss what they hope to accomp
http://www.brokeroutpost.com/reference/18720.htm (Updated: 04/21/2006)

Credit Inquiries
An "inquiry" is a listing of the name of a credit grantor or authorized user who has accessed your credit file. Credit grantors post an inquiry before offering you a preapproved credit application.
http://www.brokeroutpost.com/reference/24248.htm (Updated: 02/27/2006)
Related Reference Topics: [application, loan, qualifications]