About Mortgages - Page 11

You can get approved for a mortgage after bankruptcy in as little as one year. But there are a lot of details to get through. Here are your FAQs about getting a mortgage after bankruptcy.

When your mortgage status is "transfer to processor" what does that mean? Your mortgage loan processor is the person who communicates between you, your loan officer, underwriting and closing officers. Processors are arguably the most important people you'll encounter during your escrow.

You can buy and finance property in the United States, even if you're not a citizen. The foreign national mortgage takes many forms, from government-backed loans like FHA to private financing for non-residents.

Like online mortgages, online business loans can make the process easier for borrowers. But there are some dangers for the unwary.

Your guide to buying a home and being ready for your closing, including "What to Bring" and why you should never bring a personal check to a settlement.

Your final loan documents and other paperwork obligate you to your home purchase and mortgage. Here;s how to read them before signing.

A fixed rate mortgage is the most stable product on the market. It provides unmatched security for the homeowner. Analysis of fixed loans and rates.

Mortgages mean paperwork. But except for the most important, you don't need to read or keep all of the mortgage loan documents you see. Here's how the process normally goes, and how to deal with print fine and large.

What Should You Do If Your Mortgage Is Sold? To avoid being scammed, take these precautions when your home loan is sold to another servicer, investor or lender.

Your home closing may also be called the day of funding. That's when the lender reviews your file, determines that all requirements for underwriting and auditing have been met, and wires the funds to the title company.

What does underwriting mean when you apply for a mortgage? Underwriters are lending employees trained to examine your financial and other documents, and either decline or approve your mortgage application.

What's more important for a mortgage: income or credit scores? Both, but even people who earn a lot of money can't get a loan without decent credit. Here's why.

You will encounter mortgage underwriting conditions at almost every step of the mortgage process. But being prepared in advance can minimize the number of requests, and the hassle of meeting them.

The most confusing mortgage disclosures are no longer completely awful to navigate. Actually, they are pretty easy, once you understand a couple of things.

How do you know that you're getting a good house when buying a home? Look at marketability, safety, and functionality, and get professional help when you need it.

What does homeowners insurance cover, and why does your mortgage lender require you to buy it?

What happens when your mortgage is sold from one lender to another, or to a mortgage loan servicer or investor? Not much. Here's how to handle it correctly.

Mortgage processing fees and other costs vary by program and lender. And you, the borrower, also have control over what you pay. Higher rates cost less, and lower rates cost more.

You want the best mortgage company when you buy a home or refinance. But how can you tell a good mortgage company from a bad one? Find out here.