Sentences with phrase «additional mortgage underwriting»

Collier Swecker video blogs about how home buyers who are employed by a family member in a family owned business will find some additional mortgage underwriting issues that may delay the process if they are not prepared.

Not exact matches

Once the appraisal has been made, factoring in the property value and additional information, the loan will move to the «underwriting» stage of the reverse mortgage process.

FHA's new discounted prices assume no greater risk to its Mutual Mortgage Insurance (MMI) Fund and will allow many of these borrowers to refinance into a lower cost FHA - insured mortgage without requiring additional underMortgage Insurance (MMI) Fund and will allow many of these borrowers to refinance into a lower cost FHA - insured mortgage without requiring additional undermortgage without requiring additional underwriting.

Once you have an accepted offer, the basic loan underwriting process is fairly standard compared to other mortgage loans, with a few additional items needed:

When your loan file moves into the underwriting stage, there's a good chance the mortgage company's underwriter will ask for additional documents.

Coverage is available for the following subject to underwriting approval: E&O, General Liability, radon, pest, commercial, lead paint, FHA, HUD and VA Inspections (Including 203K), prior acts (qualified applicants), agent referral, additional insured (franchises), pool and spa, EIFS / Stucco, Indoor Air Quality Testing, Green Building Inspections, Infrared Thermography, Rodent inspections, mold, septic / water testing, mortgage field services and energy rating, multiple inspectors, independent contractors and other services.

You want to consolidate debt - Similar to taking cash out, if you want to pay off your high - interest - rate credit card debt with your low - interest - rate mortgage, you'll only be able to do that through a normal refinance, because an appraisal and additional underwriting is required to get a loan for a larger amount than you currently owe on the home.

FHA's new discounted prices assume no greater risk to its Mutual Mortgage Insurance (MMI) Fund and will allow many of these borrowers to refinance into a lower cost FHA - insured mortgage without requiring additional underMortgage Insurance (MMI) Fund and will allow many of these borrowers to refinance into a lower cost FHA - insured mortgage without requiring additional undermortgage without requiring additional underwriting.

Once the appraisal has been made, factoring in the property value and additional information, the loan will move to the «underwriting» stage of the reverse mortgage process.