Pre-approvals

Summary Of The Qualified Mortgage Rule For PA Loans

The qualified mortgage rule was issued by the Consumer Financial Protection Bureau in January 2013 as part of the Dodd-Frank Reform Act. It applies beginning January 2014 and affects the way lenders must analyze and verify information for customers.

Mortgage Good Faith Estimates For PA Home Buyers

The Consumer Financial Protection Bureau is responsible for overseeing and imposing regulations relating to monetary transactions. The Real Estate Settlement Procedures Act (RESPA) is a federal law that specifically pertains to property and financing

Calculating How Much Home You Can Afford In PA

Calculating how much home you can afford in PA is an important starting point for any real estate buyers and should be completed prior to seeing properties for sale. This saves time and prevents heartbreak. There are several expenses to consider such

Disputed Trade Accounts And The Impact On PA Home Financing

Everyone has a right to correct incorrect items on their credit report. However, home buyers must be conscious of the impact that this may have on obtaining a mortgage. This blog includes important information on disputed trade accounts and the

Mortgage Rate Changes Affect PA Home Loan Pre-approvals

When you are qualified for a mortgage, it is based on a certain monthly payment. The mortgage rate is assumed (as well as other figures such as taxes and hazard insurance). Mortgage rate changes affect PA home loan pre-approvals because it affects