Back end ratios are used by banks to make loan decisions. What can you do to improve yours?If you are applying for a loan, your debt-to-income ratios, especially your back-end… read more →
We’ve talked about in previous posts about six reasons for loan denial: credit score, recent bankruptcy, debt-to-income ratios, employment history, income, and debts. We’ve got four more reasons to discuss… read more →
We wrote previously about the top 3 reasons loans get denied and how to overcome those reasons. Now we’re going to look at some more reasons loan applications are met… read more →
Every day, thousands of people are denied when they apply for home loans. While the law requires lenders to provide a free credit report & score to the borrower when… read more →
We’ve recently written about 10 reasons loans get denied: Credit score Bankruptcy or other recent credit history Debt-To-Income ratios (DTI) Employment history Income Debts Down payment & cash reserves Your… read more →
Many people who are trying to save their homes from foreclosure become victims of scammers. Loan modification scams promise a way to save one’s home or get quick cash, only… read more →
Every day, we’re conducting free housing counseling for foreclosure prevention, pre-purchase and first-time home buyer education, reverse mortgages, and more. We’re listening to what homeowners and consumers have to say,… read more →
People call our housing counselors every day with questions about saving their homes. Whether you’re eligible for a loan modification is a top concern for people who are unfamiliar with… read more →
Regardless of which mortgage lender you use, our HUD approved housing counseling can help you negotiate with them. In particular, the lenders who participate in programs like the FHA’s Short… read more →
Homeownership comes with many responsibilities. You’ll be obligated to pay more taxes, maintenance and upkeep, insurance, prepare for emergencies, keep financial records, and more. It’s natural for us to constantly… read more →