As a mortgage loan originator (MLO), your job is to educate and guide borrowers through the loan process from application to closing. A loan officer career is a fulfilling way to earn a living and help others at the same time. An MLO spends much of his/her time in the field, communicating by email and … Read more
Running your own business can be a rewarding experience. But when it comes to VA home loans, it can make the approval process a little bit tricky. But that doesn’t mean it’s impossible. Eligible self-employed veterans are able to obtain VA home loans all the time. There’s just a little bit more work involved since … Read more
If you’re in the market for a new or used car, truck, or SUV, you’ll likely need to finance the purchase with an auto loan. Rocket Mortgage offers competitive auto loan rates to help make buying your next vehicle more affordable. In this article, we’ll break down everything you need to know about Rocket Mortgage … Read more
A jumbo VA loan allows eligible borrowers to get a mortgage above the conforming loan limit while still enjoying many of the benefits of a standard VA loan. Jumbo loans are popular in high cost areas where home prices are above the conforming limits. With a jumbo VA loan buyers can purchase more expensive homes … Read more
Buying a house with a VA loan is one of the best options you have as a qualified veteran or current servicemember. Interest rates are low, down payments are usually optional, and the application process is easier to navigate. However, just qualifying for the loan isn’t the only thing you need to worry about. The … Read more
The United States Department of Agriculture (USDA) offers an attractive construction loan program for eligible homebuyers in rural areas of Colorado. This unique one-time close loan combines three major steps of the homebuying process – purchasing land, financing construction, and obtaining a traditional mortgage – into one simplified loan product. While most conventional lenders require … Read more
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Auto loan consolidation involves taking out a new loan and using it to pay off two or more car loans. You can also consolidate auto loans with other types of loans. Instead of juggling multiple payments, consolidation means you’ll only need to make one monthly payment. In some situations, you may even be able to … Read more
Most preapprovals are good for 90 days, but some lenders issue 60-day and 30-day limits. Best practice is to get preapproved for a mortgage just before you begin serious house hunting. Experian, TransUnion and Equifax now offer all U.S. consumers free weekly credit reports through AnnualCreditReport.com. When a lender issues a mortgage preapproval letter, the … Read more
Buying a home is an exciting time, but qualifying for a mortgage can be stressful Many buyers assume they need a 20% down payment. In reality, there are low down payment options like 95% LTV jumbo loans While jumbos have stricter requirements, a low down payment jumbo loan makes luxury homes more accessible. This guide … Read more