Sentences with phrase «allow mortgage approval»

An alternative credit reporting method would allow mortgage approval for a whole new crop of borrowers that did not follow a traditional financial path.

It will lower your debt to income ratio allowing your mortgage approval to go easier and it will free up more of your dollars to pay for the many miscellaneous projects that come with buying a house.

Not exact matches

Aside from having lower costs, the primary difference between HomeReady mortgages and other conventional home loans is that their flexible approval process allows for co-borrowers as well as contributions from others living in your home.

In general, mortgage approvals require a debt - to - income of 45 % or less, although lenders will sometimes allow for an exception.

Aside from having lower costs, the primary difference between HomeReady mortgages and other conventional home loans is that their flexible approval process allows for co-borrowers as well as contributions from others living in your home.

mortgage pre-approval before shopping for a home speeds up the underwriting and loan approval process, and allows you to go house - hunting with a good deal of certainty about what you can afford

If low credit scores correlate to higher risk of mortgage default, then they can be considered predictive and are allowed to be used as a condition of loan approval.

Chapter 13 is allowed after 12 months of the pay - out period provided the performance has been satisfactory and customer receives court approval to enter into the mortgage transaction.

In general, mortgage approvals require a debt - to - income of 45 % or less, although lenders will sometimes allow for an exception.

Automatic restraining orders in many jurisdictions prohibit either spouse from selling or mortgaging the marital home during the divorce even if the property is only in one name, so the other spouse may not be allowed to sell or encumber the property without the other spouse's consent or court approval.

If a prospective homebuyer uses Rocket Mortgage for fast, accurate approvals and a streamlined mortgage process — and their real estate agent uses MyQL Agent Insight to keep track of the mortgage — it not only allows agents to save time and money, but also gives them the opportunity to focus on other aspects of their job, such as marketing and attracting new bMortgage for fast, accurate approvals and a streamlined mortgage process — and their real estate agent uses MyQL Agent Insight to keep track of the mortgage — it not only allows agents to save time and money, but also gives them the opportunity to focus on other aspects of their job, such as marketing and attracting new bmortgage process — and their real estate agent uses MyQL Agent Insight to keep track of the mortgage — it not only allows agents to save time and money, but also gives them the opportunity to focus on other aspects of their job, such as marketing and attracting new bmortgage — it not only allows agents to save time and money, but also gives them the opportunity to focus on other aspects of their job, such as marketing and attracting new business.

It does so by allowing extended - household member incomes to be used for mortgage approval.

The HomeReady ™ mortgage allows a downpayment of just 3 % and borrowers with below - average credit scores are eligible for approval.

79 DOS 99 Matter of DOS v. Pagano - disclosure of agency relationships; failure to appear at hearing; proper business practices; unauthorized practice of law; unearned commissions; vicarious liability; fraudulent practice; jurisdiction; ex parte hearing may proceed upon proof of proper service; DOS has jurisdiction after expiration of respondents» licenses as acts of misconduct occurred and the proceedings were commenced while the respondents were licensed; licensee fails to timely provide seller client with agency disclosure form prior to entering into listing agreement and fails to timely provide agency disclosure form to buyer upon first substantive contact; broker fails to make it clear for which party he is acting; broker violates 19 NYCRR 175.24 by using exclusive right to sell listing agreement without mandatory definitions of «exclusive right to sell» and «exclusive agency»; broker breaches fiduciary duties to seller clients by misleading them as to buyer's ability to financially consummate the transaction; broker breaches his fiduciary duty to seller by referring seller to the attorney who represented the buyers when he knew or should have known such attorney could not properly protect seller's interests; improper for broker to use listing agreements providing for broker to retain one half of any deposit if forfeited by buyer as such forfeiture clause could, by its terms, allow broker to retain part of the deposit when broker did not earn a commission; broker must conduct business under name as it appears on license; broker engaged in the unauthorized practice of law in preparing contracts for purchase and sale of real estate which did not contain a clause making it subject to the approval of the parties» attorneys and were not a form recommended by a joint bar / real estate board committee; broker demonstrated untrustworthiness and incompetency in using sales contract which purported to change the terms of the listing agreement to include a higher commission; broker demonstrated untrustworthiness and incompetency in using contracts of sale which were unclear, ambiguous, vague and incomplete; broker failed to amend purchase agreement to reflect amendment to increase deposit amount; broker demonstrated untrustworthiness in back - dating purchase agreements; broker demonstrated untrustworthiness in participating in scheme to have seller hold undisclosed second mortgage and to mislead first mortgagee about the purchaser's financial ability to purchase; broker demonstrated untrustworthiness by claiming unearned commission and filing affidavit of entitlement for unearned commission; DOS fails to establish by substantial evidence that respondent acted as undisclosed dual agent; corporate broker bound by the knowledge acquired by and is responsible for acts committed by its licensees within the actual or apparent scope of their authority; corporate and individual brokers» licenses revoked, no action taken on application for renewal until proof of payment of sum of $ 2,000.00 plus interests for deposits unlawfully retained

We specialize in the «Loan First Program» which allows for a full Mortgage Loan approval commitment.