Among the many decisions to be made during a divorce is what to do with the house. There are three main mortgage options for splitting partners: selling, refinancing, or buying the other person out. Sell the House If the parties intend to split the value
Aug 24, 2023 |
One of the things lenders look for in a good mortgage application is a minimum of two-years of solid work employment history. They want to have confidence that the borrower has a steady, reliable source of income to pay for the loan. Does this mean you ca
Aug 22, 2023 | Purchasing a Home
VA loans, mortgages designed for active or veteran military members, have some of the best terms in the market. If you have a conventional mortgage but qualify for a VA loan, you may want to consider refinancing to take advantage of the many rates and ter
Aug 17, 2023 | VA Loans
If you are a veteran and looking for ways to tap your equity in retirement, you may be wondering about the possibility of using a reverse mortgage. Is a reverse mortgage right for you and does the VA offer them? What is a Reverse Mortgage? A reverse mortg
Aug 15, 2023 | VA Loans Reverse Mortgage
As you finalize your mortgage loan, your lender will give you a document called the closing disclosure. It contains lots of important information about your loan that you need to review and sign off on before you start your new mortgage. Although the page
Aug 10, 2023 | Purchasing a Home
Are you a potential homebuyer struggling to secure a traditional mortgage due to your income or credit history? Don't lose hope! At AskALoanOfficer.com, we understand the unique circumstances many buyers face, and that's why we offer Debt Service Coverage
Aug 09, 2023 | Purchasing a Home