Conventional loan guidelines were created by the government and are enforced to protect the lender, borrower, and investor.
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In order to obtain a mortgage pre-approval, the buyer needs to provide their lender with a picture of their financial situation. After receiving the documentation, the lender analyzes the buyer’s information and determines if they’re eligible for a loan. If they are, the lender issues a mortgage pre-approval for a certain amount.
Regardless of where you get a mortgage, you will always need three things - income, credit, and money down - and you’ll need the proper documentation for each.
If you’re a first-time homebuyer, you may have heard that sellers don’t like FHA loans. You were probably left wondering why the seller would care about the type of mortgage
Deciding to purchase a home is a major commitment, which is why people often struggle with the decision of whether to rent or buy a home. There are many financial
In a divorce, the marital home is often the largest asset. In our experience, it can also be a large item of contention. This is often due to the emotional
Divorcing your mortgage can be a tricky process. One of the most common questions we’ve received recently is about the escrow account and divorce. What happens to the money in
Owning a home is a large part of the American dream. According to a 2019 survey conducted by the National Association of REALTORS®, “Approximately 75% of non-homeowners believe homeownership is
What is a home appraisal? Is it the assessed value or is it determined during the home inspection? It’s neither. A home appraisal is a qualified third-party’s educated opinion on
Tax season is in full swing. This means that many local Omahans will be receiving or have already received a tax refund of varying amounts. And we think the best
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