What Do Home Loan Underwriters Do?

Home Loan Underwriters have an important job.  All mortgage processes lead to facing the almighty underwriter.  Oftentimes, clients come to with stories of an underwriter spoiling their home loan experience.  While underwriter issues typically result from loan officer negligence knowing what mortgage underwriters do may help. Apply for a Home Loan  Team@JeremyHouse.com 602.435.2149 Home Loan Underwriter's Role In short, underwriters exist to ensure Arizona borrowers meet every mortgage … [Read more...]

Buy Primary Residence When You Already Own One

Occupancy plays a key role in the home loan process.  In fact, lenders take extra steps to verify a buyer occupies the new home as they stated they will.  Buyers seeking the purchase of a primary home in the same marketplace they own another primary residence in are subject to extra scrutiny. Define Your Motivation Financing a new primary home within the same marketplace you currently own a primary in requires some extra explaining.  First, underwriters want to know why.   Why are you … [Read more...]