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Mortgage Q&A

Mortgage Q&A

Review our Mortgage Q&A to get answers to some of the most common mortgage process questions. You can use the search function below to search over 400 questions to find the specific mortgage topic you are looking for.  If you cannot find a subject, you can use our Ask a Mortgage Expert feature and we will answer your question within a day.

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How long does it take to process and close a mortgage?What is the difference between recurring and non-recurring closing costs?When do you need an impound account for a mortgage?How do I determine the value of my home?How much money should you have in reserve after your mortgage closes?What are mortgage points?Why am I charged a partial month of interest when my mortgage closes?Why am I charged a full month of interest when my refinancing closes instead of a partial month of interest?Why do I need title insurance when I buy a home?When I sell my home, why do I need to purchase title insurance for the buyer?What is MERS and why am I charged a MERS fee?Why am I being charged a flood certification fee when the home I am getting a mortgage on is not located on a flood plain?What is the lender underwriting fee for a mortgage?What does loss payee clause mean?What are the front end and back end debt-to-income ratios for a mortgage?Why does a mortgage lender require so much information?What is an exception to title?What are prior to document requirements for a mortgage?Why would a lender use a lower property value than the property value contained in the appraisal?Can you qualify for a mortgage after a short sale?Can I qualify for a mortgage with a foreclosure?Can I qualify for a conventional mortgage with a 675 credit score and 75% LTV ratio?I am applying for a no cash out refinancing with a loan-to-value ratio of 85%. Do I have to pay Private Mortgage Insurance (PMI)?Can I do a cash out refinancing that consolidates my current debt?How long do you have to wait to qualify for a new mortgage after buying a home?Does a mortgage broker fund my loan?Do lenders provide mortgages based on the after renovation property value?How much should I spend on my mortgage payment?Should I mortgage my primary residence to pay off an underwater mortgage on a rental property? The current mortgage has 15 years left. I currently do not have a mortgage on my primary residence.I am almost two full years from my Chapter 13 bankruptcy discharge. The value of my home has recovered that I am looking to refinance. Can I qualify for a conventional mortgage or am I limited to an FHA mortgage?Can two people qualify for mortgage if one has low credit score?How does an MCC affect what size mortgage you qualify for?We are planning to build a new home on a lot that we recently purchased (100% paid for). What are my mortgage options for a construction loan?I own but no longer occupy a property with an interest only mortgage. Am I allowed to rent out my property considering that I have an interest only mortgage?Can you consolidate debt into your mortgage when you buy a home? I cannot qualify for a mortgage due to my high debt-to-income ratio but may be able to qualify if I can reduce my monthly debt payments.How do you buy an ownership stake in a property? I would like to buy 50% of a property owned by my husband and someone else.What is a deed in lieu of foreclosure?Can you qualify for a mortgage with a charge off?How often can you check your credit score without it going down?I applied to be pre-approved for a mortgage and submitted all of my information but the lender will not tell me if I have been approved. Why is the lender acting shady?Is private mortgage insurance (PMI) for a conventional loan higher than mortgage insurance premium (MIP) for an FHA loan?Can you use the FHA Mortgage Program to purchase an investment property?Can you buy an investment property with a low down payment?I have two credit card accounts in my name that my spouse is not aware of. Will this hurt our ability to qualify for a mortgage?Does an FHA mortgage have a maximum down payment?Can monthly trailer park payments be used as rental history when you apply for a mortgage?Can you refinance a second property you own to pay for renovations to your primary residence?Is there a mortgage program that requires no down payment and no PMI?Can you qualify for a mortgage if your home is in foreclosure?Can you qualify for an FHA streamline refinance if you are not on the mortgage?What principal reduction and loan modification programs am I eligible for?If you are approved for a mortgage can you transfer the mortgage to a different property?What is the rent payment history requirement for a mortgage? Can you qualify for a mortgage with no proof of rent payments?If you own a property but are not on the mortgage can you enter into a rent-to-own agreement for someone to buy the property?If I send an extra money with my monthly mortgage payment, how is my loan balance affected?Can you waive the three day waiting period after you receive the Closing Disclosure for a mortgage? Is the three day waiting period a stall tactic by the lender?How does co-signing for a mortgage work?Can you use a down payment assistance grant with the NACA mortgage program?If you refinance the mortgage on your home can you rent it out after your loan closes?Can you get a jumbo mortgage with a low down payment?Can you refinance the mortgage on a condo if the condo project is not approved? What are my financing options?Can I get a mortgage to buy a relative's ownership stake in a property we own together?Can you use sweat equity to qualify for a mortgage?What are my options to refinance or modify an FHA mortgage?Can you qualify for a mortgage with a bankruptcy?How do you apply for a mortgage closing cost grant?If I am approved for a mortgage in one state can I use it anywhere in the U.S. or do I have to use it in that state?Is there an entity or government agency that governs junior lien holders?How does a subject to mortgage work?How do you transfer your ownership interest in a property?Can you get a mortgage on a house for a relative? The relative will be the “homeowner” and pay the mortgage.Can you add reimbursements from your employer to your income when you apply for a mortgage? My work reimburses me for my cell phone bill and personal computer.With a simple interest mortgage if I make my payment earlier in the month before the payment is due will I save more money?Can you use the HomeReady Program to refinance your mortgage?Can a college student use the HomeReady Program to buy a home and use the rental income from roommates to qualify for the mortgage?Can you qualify for a mortgage with collections on your credit report?What are my options to refinance an underwater USDA mortgage?Can you qualify for a conventional mortgage if you had a foreclosure within the past seven years if the foreclosure is not on your credit report?What information do lenders use when two people apply for a mortgage? Can you use one person’s credit score and the other person’s income?Do lenders include your monthly car lease payment or the total amount of the car lease to calculate the debt-to-income ratio for a mortgage?Can you use your spouse’s income to qualify for the HomeReady Mortgage Program?A significant amount of my annual income comes from deferred compensation. Can you use deferred income to qualify for a mortgage?How does a vacation home affect your ability to qualify for a mortgage on your primary residence?Is there a list of lenders in my state that offer the Fannie Mae HomeReady program?Can a lender request information from a relative when you apply for a mortgage?Can I rent out my current home and qualify for a mortgage on another home?Can you qualify for a mortgage with a break in your employment?What are the eligibility requirements for a mortgage closing cost program?What are your mortgage options if you had a short sale two years ago?How to qualify for an FHA loan with no credit historyCan you transfer your mortgage to someone else?What is a mortgage service release premium and who pays for it?How to remove PMI from your mortgageDoes it affect your credit if you assume the mortgage on a house you inherited?Should you put "mattress money" you have saved to buy a home in the bank before applying for a mortgage?Can you get a mortgage with a low credit score and no down payment?Is it better to pay off student loans or credit card debt before you apply for a mortgage?What credit score model do lenders use when you apply for a mortgage?How to determine if your mortgage has a prepayment penaltyCan you get a HELOC with an 85% - 90% loan-to-value (LTV) ratio?Can you do a cash out refinance on a rental property?Should we use an inheritance to pay down our current mortgage or buy a new home?Can a bank foreclose on you if you are delinquent on our second mortgage? What are our refinance options?Do lenders offer home equity loans on non-owner occupied properties?What are the drawbacks of not reporting income earned from a side job on your mortgage application?How does a trading loss affect my ability to qualify for a mortgage?Does the VA offer any closing cost assistance programs?Should I use money from my retirement account to pay down credit card debt before I apply for a mortgage?Does the lender use your current rent payment or your future mortgage payment to determine your debt-to-income ratio when you apply for a mortgage?Can you use the proceeds from a reverse mortgage to pay off debt and then refinance the reverse mortgage when your credit score and debt-to-income ratio improve?Does overpaying an interest only mortgage reduce your required mortgage payment?When you apply for a mortgage on a condo are you required to pay a fee to both a company your lender uses and the HOA management company to complete the condo project questionnaire?What are the subordination requirements for a loan?Can you use your mortgage pre-approval to buy multiple properties? The home I want to buy is much less than the loan amount I was pre-approved for so I also want to buy a rental property.Does an MCC tax credit reduce your debt-to-income ratio?Are you required to include alimony income in your mortgage application if you do not report it on your tax returns?What is the best mortgage options for self-employed borrowers with a low down payment and high debt-to-income ratio?How do you determine what price home you can afford to buy with a low monthly mortgage payment and small down payment?Do lenders offer interest only mortgages for a cash out refinance?Should I sell my home and buy a new home or use it as a rental property and buy a home in the future?Is a 3 or 5 year adjustable rate mortgage (ARM) the better financing option?What are my options to refinance both a mortgage and home equity loan?Can you qualify for a new mortgage if you have late payments on your current mortgage?What rate of return do lenders use to calculate monthly income from assets for an asset depletion mortgage?What is a life expectancy set aside for a reverse mortgage?What is the best way to take cash out of a rental property?Do I lose my down payment if my wraparound mortgage expires before I can refinance it?Can you use pension income to qualify for a mortgage?Will my employer find out I am buying a home in a different state when I apply for a mortgage and the lender verifies my employment? My employer requires me to reside in the state where I work but I want to buy a home in a different state.How does a drop in your credit score affect your mortgage rate?Can a relative pay off a loan for you before you apply for a mortgage?My mortgage just closed and the lender is requesting a copy of my social security card so they can get my loan "off their books." What does this mean?Can you give a relative money for a down payment to buy a home that you live in and then assume the mortgage? I cannot qualify for a mortgage right now due to credit issues.Can you qualify for a new mortgage after a bankruptcy if your old mortgage was not reaffirmed and is not on your credit report?What is the mortgage rate for a rental property?Summary of homebuyer assistance programs for first responders and teachersMy mortgage was sold and the new lender is not honoring the interest rate on my mortgage statement. Is this legal?What are my options if my mortgage lender requires a 25% down payment?How long do you need to work at the same company before you can qualify for a mortgage?Does changing jobs affect your mortgage pre-approval? Do you have to go through the process again?Can you get a mortgage in your name only if you are married?Can a relative give me a home as a gift and then I refinance the property to pay them for the home? The property has a small mortgage on it.What is the best way to finance a rental property?How much lower should your interest rate be when you do a debt consolidation refinance?How much money can you take out of your home with a cash out refinance?Do lenders accept financial documents printed off of a bank's website when you apply for a mortgage? I have paperless statements and billing for all my accounts.How does an offset mortgage work? Can I use an offset mortgage to reduce the length of my mortgage?Can a lender request information from a non-borrower spouse for a USDA home loan?Can you use overtime income to qualify for a mortgage?What are the qualification requirements for a jumbo mortgage refinance?Do lenders use your gross income or taxable income from your W-2 for your mortgage application? My gross income is higher than my taxable income because I make pre-tax 401(k) and health insurance contributions. Can you use gambling winnings for a down payment on a home?How does a mortgage rebate work?Should I get a new car loan with a lower monthly payment to improve my debt-to-income ratio before I apply for a mortgage?What are the best options to refinance a VA loan?Can I get a mortgage or home equity loan to both consolidate my student loans and pay for home improvements?Should you use a personal loan to pay for mortgage closing costs?Can your mortgage closing costs be lower than the cost figure on a Loan Estimate? We want to be prepared if we actually have to pay the higher costs.Can you remove a co-signer from a mortgage?Should you refinance a 30 year mortgage into a 15 year mortgage?How to select the right mortgage when a lender quotes different interest rates and closing costsI am a joint account holder on a savings account. Does the other account holder need to provide a gift letter for me to use money from the account for the down payment on a home?How do lenders calculate self-employed income for a mortgage?What are my options to refinance a mortgage on a condo in a building that is less than 50% owner occupied?Can a spouse be a non-borrower household member on a HomeReady mortgage?What are the options for taking cash out of a home you own free and clear?How do I determine what size mortgage I can qualify for in six months?What are the best mortgage refinance programs if you have a low credit score?Should you refinance your mortgage if you can keep the same interest rate but lower your monthly payment?What are the best mortgage programs for disabled persons?How Much Can You Borrow With a Home Improvement Loan?What is the best mortgage program for a self-employed borrower with a low credit score?Do lenders offer asset depletion HELOCs?Can you get a home equity loan on a property you bought for cash and use the proceeds for the down payment on a home you want to live in?I sold my home a year ago for $50,000 more than my mortgage balance, paid off my loan in full and received an incentive check for paying off my loan early after I told the lender it was on the market. The lender is now saying it was a short sale. How can this be? Can you get a HELOC on a home with no mortgage?I am a co-borrower on a mortgage with a relative. When I applied for another loan the lender included the payment for that mortgage in my debt-to-income ratio but does not factor in the income from my relative. Is that fair?Can you qualify for a mortgage with a broken lease?Do you offer resources for first time home buyers?If I get a landlord insurance policy does the insurance company notify my lender and will my lender require me to refinance into a non-owner occupied mortgage?What happens at the end of a 30 year HELOC?How do you take over the mortgage on a property you do not own?Are you required to disclose your retirement account information when you apply for a loan modification?Do you have to be current on your mortgage to refinance?Does using a rent reporting service help you qualify for a mortgage?If you move to a new city should you wait until you have a job before you apply for a mortgage?Can you buy a home in one state if you live in another state?What is the best option to refinance a loan from a solar company?Can you take cash out of a home when you buy it?Does a home equity loan show up when I refinance my mortgage if it does not appear on my credit report?What are the best financing options to take cash out of multiple investment properties?Can you use money from a retirement account to pay off your mortgage?Can you qualify for a mortgage if your car was repossessed?My mortgage has two parts, a balloon payment loan and a regular loan that charges interest. Should I pay off the balloon payment loan or the regular loan first?Should I overpay the mortgage on my home or on an investment property? The mortgage on the investment property has a higher mortgage rate.Should I refinance an adjustable rate mortgage on an investment property?Can you qualify for a VA loan if you are self-employed?What should you do if a lender quotes high closing costs for a cash out refinance?Can you qualify for a USDA home loan within a year of a Chapter 13 bankruptcy?What are the best options to refinance a PACE loan?Should you use a PACE loan or home equity loan to finance home improvements?Can you use child support to qualify for a mortgage?What kind of mortgage do you need to buy out someone on a home you own together?Should you refinance a 30 year mortgage with a 20 year mortgage with a lower rate?How does a personal loan affect your ability to qualify for a mortgage?What is the best mortgage program if you have a low credit score and have been self-employed for less than two years?Do you have to pay back a down payment assistance grant if you do a cash-out refinance?Should you refinance a small mortgage with a high interest rate?Should I apply for a mortgage as a sole borrower or with my spouse who has a low credit score?How to pay the difference between the mortgage amount you are pre-approved for and the home purchase priceHow do you determine if you are being ripped off on mortgage closing costs?What are the costs of selling a home soon after you bought it? I heard that I may have to pay a fine to my mortgage lender?What are the qualification requirements for a second home mortgage?How long do you have to wait after you get a job after being unemployed before you can apply for a mortgage?What is the difference between the assessed value of a property and the asking price? If you buy a home for more than the assessed value does that mean you are paying too much?What is the reserve requirement for a cash out refinance on an investment property and can I use the cash I am taking out for the reserve requirement?Can someone else use your income to qualify for a mortgage?Can you qualify for a mortgage if you recently started a business?What are the best lender options for a small mortgage?What are my mortgage options if I want to do a significant home renovation but I do not have a lot of equity in my home?Are you required to disclose your marital status when you apply for a mortgage? I am co-signing a mortgage with my parents and I do not want them to know my marital status.What are my mortgage options to refinance a hard money loan on a flipped property that is currently listed for sale?How do you determine if you are listed on a mortgage and own a property?Can you add someone to the mortgage and property title on a cash out refinance?How to determine how much money you need to make to qualify for a mortgageShould you overpay or refinance a bi-weekly mortgage?If you purchase a property for cash how long do you have to wait before you can do a cash-out refinance?What credit score is used when two people apply for a mortgage?Are you required to live in a state for a certain period of time before you can apply for a mortgage?If you have a low credit score should you apply for a mortgage now or wait until your score improves?What are the reasons your application could be rejected after you have been pre-approved for a mortgage?Should you pay down your credit card or car loan before you apply for a mortgage?What is the employment history requirement for an FHA loan?How is a rental property treated when you apply for a mortgage?How long do you have to work at a part-time job to include that income in your mortgage application?How to decide between a fixed rate mortgage and an adjustable rate mortgage (ARM)How do you transfer a property with a mortgage to a child? Can I give it to them as a gift or sell it for $1?How is a student loan in forbearance treated when you apply for a mortgage?What are your mortgage options if you have a low credit score and a spouse with a bankruptcy?When you apply for a mortgage do lenders have access to both your tax returns and tax account transcripts? I make payments to the IRS for back taxes and I did not disclose the payments to my lender.What are the best mortgage programs for a cash out refinance if you have a low credit score?Should you do a cash out refinance of a 30 year loan into a 15 year loan?How does a loan from a relative affect your ability to qualify for a mortgage? I received a loan to pay off credit card debt.Can you give your spouse money from your 401(k) as a gift for a down payment on a home?If you take out a loan for someone else are the payments you receive from the other person to pay the loan counted as income when you apply for a mortgage?Should you buy your own home before you buy a rental property?What fixer upper mortgage programs allow sweat equity?Does overpaying an adjustable rate mortgage reduce your monthly mortgage payment?Do you pay a penalty if you sell your home within six months after you bought it?Do lenders check your credit again before your mortgage closes?How much homeowners insurance do lenders require? Am I required to have insurance coverage for the mortgage amount or the full replacement value of the property?Are deferred student loans excluded when you apply for a mortgage?Can you qualify for a mortgage after taking time off to raise a child?Can you get approved for a VA loan if you are within twelve months of your release date?How can I obtain the documents included in a title report?What should I do if my lender goes quiet during my mortgage process? I feel like I am bothering my lender by asking for updates but they have stopped responding to me and I do not know what to do.Should you use an FHA Streamline Refinance or conventional mortgage to refinance an FHA loan?Why do the free credit score sites show different scores for me? I am applying for a mortgage in the future and want to know what credit score lenders use.Does applying for a car loan affect your ability to qualify for a mortgage?Why does a mortgage lender ask for a depreciation schedule?What happens if you have a credit issue, such as a late payment, during the three day rescission period for a mortgage refinance?How does a co-borrower for a mortgage work?Are you required to refinance into a non-owner occupied mortgage if you rent out your home?Should you wait until a job transfer is complete before you apply for a mortgage?Are mortgage lenders allowed to ask lifestyle questions? A lender asked me when I am planning to retire.Why do lenders ask about your assets when you apply for a mortgage?Am I getting ripped off on a HARP refinance?How are mortgage payments applied if you miss a payment and then start making your payments again?How many investment properties you can finance with a mortgage?How does a VA Loan second-tier entitlement work?How do you determine how much money you owe on your mortgage, including past due amounts and late fees?Should you buy a car before you get a mortgage or wait? If I buy a car now, should I pay cash or get a loan and how does that impact my ability to qualify for a mortgage?How do alimony or child support payments affect your ability to qualify for a mortgage?Can your mortgage pre-approval be cancelled?Can you use a cash out refinance to pay off charged off debt?How does moving out of your home affect your ability to refinance your mortgage?Can you use income from a note to qualify for a mortgage?What are the reasons why your mortgage payment can increase? My monthly mortgage payment including taxes and insurance increased significantly and I do not know why.Are the payments on a loan from your retirement account included in your debt-to-income ratio when you apply for a mortgage?Should you apply for a mortgage before or after you move to a new state?Does the number of dependents you have affect your ability to qualify for a mortgage?Can you use your tax refund for the down payment on a home?Does what type of job you have affect your ability to qualify for a mortgage?Do you have to renew a mortgage credit certificate (MCC) every year to receive the tax benefit?Can you qualify for an owner occupied mortgage if you live in one unit of a duplex and rent out the other unit?Can you use social security income to qualify for a mortgage?Can you change mortgage lenders if they request too much information?How does a rent with an option to buy agreement affect your ability to get a mortgage when you decide to purchase the property?Can you use a HELOC on a rental property for the down payment to buy another home?Can you use the equity in your home to meet the reserve requirement for a rental property mortgage?If your personal circumstances change after your mortgage closes can that invalidate the mortgage?We own a rental property but the tenant makes the mortgage payments directly to the lender. The tenant has missed several payments. How do the missed payments impact me when I apply for a mortgage?Can a non-sufficient funds (NSF) issue on your bank statements prevent you from qualifying for a mortgage?Can you qualify for a mortgage if you are a contract worker but you are currently in between jobs and unemployed?Can you refinance your mortgage if you have a delinquent HELOC?How do student loans affect your ability to qualify for a mortgage if you are still in college and not making payments on the loans?How to increase the mortgage you qualify forHow does a break in your employment due to a National Guard deployment affect your ability to qualify for a mortgage?Can you qualify for a USDA home loan without a credit score?Should you have a parent co-sign on a mortgage if they are not working? I have a low credit score and my Dad has a high score but he is retired so I am not sure if he would help me qualify.My child support shows up as a late account on my credit report because of a high balance in arrears even though I have made the payments on time for several years as they have been deducted from my paycheck. Is it possible for me to qualify for a mortgage with this issue?Can you use funds from multiple accounts for the down payment on a home? I have funds in a savings, checking and investment account that I want to use for my down payment.Can a lender refuse to remove PMI from your mortgage?I made an extra payment on my mortgage that my lender is not giving me credit for. The lender is now saying I owe money on my escrow account. What should I do?Is it better to make one or two mortgage payments per month?Can you get a new mortgage to buy a home if you are already on another mortgage?How much does your credit score increase if you pay off accounts in collection? I would like to buy a home but I am not sure if I qualify for a mortgage. Does your current property value affect how much you owe on your mortgage? I would like to payoff my mortgage but my lender told me they need to evaluate my property to determine how much I owe.Is my lender charging me twice for FHA MIP? MIP is added to my mortgage amount but my loan documents also show that I am paying for it at closing.Are you required to file your tax return for the prior year before you apply for a mortgage?Can you qualify for a USDA home loan with a charge off on your credit report?Should you work with your current lender or a new lender when you get a new mortgage? What are the advantages and disadvantages of each option?Can you get an owner occupied mortgage if you have a mortgage on another home? We would like to move out of our home, rent it out and buy another home to live in.Are you required to provide statements for all of your bank accounts when you apply for a mortgage? I have multiple bank and investment accounts and am not sure what information lenders require.Can you use income from flipping homes to qualify for a mortgage? I flipped a couple of homes last year and want to understand if that income helps me get a mortgage.Should you refinance to remove mortgage insurance?Can you have two FHA loans at the same time?What is a rider for a mortgage and when is it required?Does it affect your ability to qualify for a mortgage if you withdraw money from a retirement account? I am going to use funds from my retirement account to pay a large bill and want to understand if this hurts me when I apply for a mortgage. Can each spouse get a mortgage for a primary residence if they are on both mortgages for the two properties?What are your options if the lender does not allow the down payment on a rent-to-own agreement? My lender is saying my down payment is not valid because I pay below market rent.What are your options if you cannot afford your loan modification. We were in foreclosure and made the monthly payment on a modification even though we could not afford them. Now the lender wants us to continue making the same payments. What can we do?Is it easier to qualify for a new mortgage if your new loan is smaller than your current mortgage?What are the best mortgage options to buy a home that needs major repairs?What is the best mortgage program for a self-employed borrower with increasing monthly income? Do I need to wait until the higher income is reflected on my tax returns or are there other programs that enable me to qualify for a higher loan amount sooner.Can you use land for the down payment on a construction loan? We bought a plot of land with cash and want to know if it can be used as a down payment when we apply for a construction loan to build a home.Can you get a USDA home loan with a credit score below 640?Should you switch lenders during the mortgage process to get a lower mortgage rate?How do you remove someone from a mortgage?Can you get approved for an FHA loan with collections on your credit report? I make a good income but my credit score is low due to several accounts in collection and want to know if I can qualify for a mortgage.Can you get a mortgage if you changed jobs recently? I am thinking about switching jobs so I can make more money and afford a home but I am not sure how this would affect my ability to qualify for a mortgage.How can a relative help you get a mortgage to buy a home?Can you qualify for a mortgage with variations in your income? My paycheck changes by a small amount each pay period and I want to understand if I can still get a mortgage.Can You Qualify for a USDA Home Loan If You Already Own a Home?Can you get a mortgage in Chapter 13 Bankruptcy?How many credit cards should you have when you apply for a mortgage? Can a lender ask you to close an account if you have too many credit cards?Can you use an inheritance for a down payment on a home?Can a relative take out a loan to give you a down payment gift to buy a home? A relative is willing to draw down on a HELOC to give me a gift for a down payment but I want to know if this causes any issues when I apply for a mortgage. How is income determined for a bank statement loan? My husband and I are both self-employed and want to know if we can use a bank statement program to qualify for a mortgage.Does the TRID mortgage rule apply to land purchases?How should couples with different credit scores and jobs apply for a mortgage? We are trying to decide if we should apply for a mortgage as co-borrowers or if I should apply for the loan on my own.Are there mortgage programs that allow you to include a spouse's income without the person being on the loan?Can you qualify for a conventional mortgage if you use a gift for the entire down payment on a home?Can you use a job offer letter to qualify for a mortgage?My lender is requiring me to add money to my impound account and increasing my monthly payment due to an error in my loan documents. Is the lender allowed to do this?When your mortgage is assumed by someone else is your name removed from the mortgage?If you inherit a property can you use your equity to avoid paying PMI if you get a mortgage? If you have a low credit score due to a lack of credit history should you apply for a mortgage now or wait?Should you choose a mortgage with a lower mortgage rate and higher closing costs or a loan with a higher rate and lower costs?How long do you have to wait after a bankruptcy before you can apply for a mortgage?Does it make a difference if a co-borrower lives in the property when you apply for a mortgage?Is a personal loan a mortgage?Are you required to pay a penalty if you sell your home after a loan modification?Is there a prepayment penalty if you payoff your PACE loan early?Are you responsible for the mortgage on a home you inherit?Can you use settlement income to qualify for a mortgage?What happens if your tax transcript is not available when you apply for a mortgage?Are you required to sell your current home before you can qualify for a mortgage to buy a new home?What can you do if your lender does not give you credit for mortgage payments you make.Can you qualify for a mortgage if you are in CAIVRS?Can bank overdrafts prevent you from qualifying for a mortgage? We had multiple overdrafts this year and I am panicked they our mortgage will be rejected.Should you take out a personal loan to consolidate debt before you apply for a mortgage?I recently returned to the United States after working abroad for several years. Do I have to wait before I can apply for a mortgage?Should you take out a HELOC to pay down, or accelerate, your mortgage?Why is the credit score used by my mortgage lender lower than the score provided by the free credit score app I use?Can you get a loan for a down payment on a home?Can you get a VA loan on a property with a well?Do you apply for the Community Seconds Program before or after you apply for your mortgage?Does how you file your taxes affect your ability to qualify for a mortgage?How do you determine what costs have been added to your mortgage amount?What happens when your mortgage is sold to a new lender? Can the new lender increase your monthly payment or change your loan terms?Can a lender make you pay discount points?How does co-signing a mortgage for a relative or a friend affect your ability to qualify for your own mortgage?Can you qualify for a mortgage with a student loan default?Can you use sweat equity for the down payment on a home?FHA Program Requirements for Non-Approved Condo ProjectsWhen can you exclude a loan payment from the debt-to-income ratio for a mortgage?What is replacing LIBOR for mortgages?What mortgage qualification requirements changed due to COVID-19?Can you qualify for a mortgage when you are on family leave?Can you change a reverse mortgage into a regular mortgage?What is a rate and term refinance?Can you use tip income to qualify for a mortgage?Can you use a retirement account to qualify for a mortgage?Do you have to be a U.S. citizen to get a mortgage?What if you change jobs after you apply for a mortgage?Can you use foreign income to get approved for a mortgage?If you were unemployed due to COVID-19 how long do you have to wait after you get a job before you can qualify for a mortgage?Can you qualify for a mortgage with disability income?Can you use the Section 8 Program to buy a home?Can you use capital gains to qualify for a mortgage?Can you use dividend income to qualify for a mortgage?Can you use income from a boarder to qualify for a mortgage?What is the definition of a first-time home buyer?Can you use an LLC to qualify for a mortgage?Can you refinance a mortgage that is in forbearance?Can an LLC Take Out a Mortgage?Can you qualify for a mortgage with a co-signer if you are unemployed?Can you use an annuity to qualify for a mortgage?Can you use commissions to qualify for a mortgage?Can you use a bonus to qualify for a mortgage?How to avoid lending discrimination when you get a mortgage
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