What Do Mortgage Underwriters Do?

Mortgage Underwriters have a very specific and important job.  The mortgage process is made up of several processes all of which ultimately lead to an underwriter approving or declining the loan.   Too often, we hear stories from clients coming to us that involve an underwriter spoiling (or at least complicating) their home loan experience.  While getting a "surprise" decision from an underwriter is typically due to a loan officer not performing their due diligence on the front end, I wanted to … [Read more...]

Buy Primary Residence When You Already Own One

Are you looking to purchase a new primary residence?  If you already own a primary residence that you are not selling and it is located in the same geographic "marketplace" as the new primary residence you are purchasing there are 2 important steps you will need to take.  In order to obtain mortgage approval for your new home you will need to define your motivation for buying and your intent for your old primary residence.  It is important to note that if you are short selling your current home … [Read more...]