Union Home Mortgage

With a mortgage loan application, there are four specific areas that are considered when making the determination as to whether the loan will be approved or not. I like to consider these areas the four pillars of a loan application. The reason is that each of these four areas is unique, but equally important, to the loan application. If one of these pillars is weak or non-existent, the application becomes unstable, much like a weak leg on a table, and the application stands the chance of not … [Read more...] about Reviewing the Four Pillars of a Loan Application

Many times, when people are considering selling their current home and purchasing a new home, they are caught in an issue of how to make that transition work. They need to use the equity from the sale of their existing home to purchase their new home. So, this means that they need to make the decision on whether to sell their home before purchasing, or to try to find a home to buy before putting their home on the market. In the current market environment, this is not a desirable situation to be … [Read more...] about Exploring the Bridge Loan When Buying a Home