The One Date on an FHA File That Decides Whether Your New Job Counts as Income
Back at work after a gap of six months or more? See the one date on an FHA file that decides whether your current income counts, and what to ask your lender.
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The One VA Sentence Andrew's First Lender Never Mentioned
VA guideline Chapter 4, Topic 9, Subsection e can reduce the residual income figure by five percent for military borrowers. Here is the question to ask your lender.
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If You Earn Commission and Plan to Apply for a Conventional Loan, Read This
Earn commission and plan to apply for a conventional loan? Learn how the two-year history rule works for commission over 25% of income and what to ask.
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Trended Data and VantageScore 4.0: Why Paying Balances Down Early Still Matters
VantageScore 4.0 uses trended data. Learn why paying credit card balances down over several months beats a last-week payoff before a mortgage application.
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How to Pay Down a Mortgage Sooner: Four Options and What to Ask First
Four common ways to pay down a mortgage sooner, plus what to confirm with your servicer about prepayment terms and how extra payments are applied.
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From Dead End to Game Plan: How Maria Handles Commission Income on a USDA Loan
Commission, bonus or tip income and a USDA loan? See what the guideline says about the 25% threshold, two-year history and the question to ask your loan officer.
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Every Loan Counts Against You? Not Under This VA Guideline
Does a loan secured by your own savings count against VA loan qualification? See what VA Chapter 4, Topic 5, Subsection g says and what to ask your lender.
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The One Number in USDA Paragraph 4.14.B.1 That Decides How Rebecca's Chapter 7 Counts
Rebecca found one number in the USDA guideline that decides how her Chapter 7 counts. Learn the 36-month line in Paragraph 4.14.B.1 and the question to ask.
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If a Lender Told You Your Drill Pay Won't Count for a VA Loan, Read This
A lender said Reserve or National Guard drill pay won't count toward your VA loan? See what the VA guideline says and the exact question to ask.
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VantageScore 4.0 and Self-Employed Buyers With Light Credit: What Changes and What Does Not
VantageScore 4.0 may score more people with light credit, but self-employed income rules do not change. Here is what agents and buyers should know.
