Author name: Adriana Lemus

A short sale let’s homeowners sell for less than their mortgage, with lender approval, to avoid foreclosure. Tips for getting lender approval for a short sale include proving financial hardship, hiring a specialized real estate agent, assembling a complete document package, and persistent communication. This process helps both parties, as foreclosures are costly for lenders […]

Mortgage underwriting delays can stall your closing, raise costs, and risk loan approval. Common issues include missing documents, credit changes, appraisal problems, and lender backlogs. To avoid delays, stay organized, respond quickly, and maintain stable finances. If common causes of underwriting delays delayed, communicate with your lender, check for outstanding conditions, and request a rate

Verified approval is an advanced mortgage preapproval process where a lender confirms your finances through upfront underwriting, reducing risks and delays. shortens closing time with upfront underwriting It shortens closing time by 7–10 days by completing key underwriting steps before you make an offer. This gives buyers a competitive edge, especially in hot markets, and

Securing mortgage approval requires careful preparation of financial documents. Lenders assess creditworthiness, capacity, collateral, and capital. Efficiently organizing and submitting the necessary documents, including income proof, asset verification, credit history, and debt records, streamlines the process. Maintaining a low DTI, avoiding new credit, and building reserves can further ease approval. The mortgage process involves more

Homeowners facing potential mortgage default enter preforeclosure, a critical phase before official foreclosure. Understanding what preforeclosure means for homeowners is vital, as it presents an opportunity to take action. By recognizing early warning signs like missed payments, communicating with lenders for options like loan modification or forbearance, exploring selling or deed-in-lieu, seeking professional guidance, budgeting

In 2025, homeowners with poor credit can still access funding through lenders who approve home equity loans for borrowers with poor credit, offering flexible credit requirements and loan terms. Options like FHA Title I, Spring EQ, and Figure evaluate factors like income and equity, not just credit score. These loans provide lump-sum payouts, lower rates

Choosing between FHA and USDA loans based on your situation involves considering factors like location (rural for USDA, more flexible for FHA), credit score (lower scores often qualify for FHA), and down payment (USDA may require none). USDA targets low-to-moderate income in eligible areas, while FHA serves a broader range with lower down payment options

FHA loans, insured by the government, offer lower credit score and down payment options, making homeownership accessible, especially for first-time buyers. However, they require ongoing mortgage insurance. Conventional loans, not government-backed, demand stricter qualifications but can eliminate private mortgage insurance with 20% equity and may have higher loan limits. Understanding FHA loan requirements and costs

Choosing between a home equity loan and HELOC with low credit depends on your financial needs and credit profile. Home equity loans are often easier to qualify for with poor credit, offering fixed rates and predictable payments, while HELOCs typically require higher scores and carry variable rates. This guide explores key differences, lender criteria, and

Leverage the equity in an inherited property through smart options like cash-out refinancing, home equity loans, or HELOCs — without selling the home. By legally securing ownership, knowing the home’s value, and aligning your loan choice with financial goals, you can unlock that equity to fund renovations, pay down debt, or invest in new property.