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QUALIFICATIONS Reference Articles: 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)
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)
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]
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