mortgage: Eviction Guidelines in Mortgage and Real Estate - 11/18/22 12:15 PM
Experiencing an eviction is one of the most stressful situations a person can face, and understanding the legal rights and obligations associated with evictions can be an overwhelming task. Whether you are facing an eviction or just looking for information on potential scenarios, this blog will provide essential information on what you need to know before going through the process.
 
An eviction is a legal process by which a landlord removes a tenant from a rental property they are occupying, typically due to a breach of the rental agreement or non-payment of rent. The eviction process can be complex, so it is … (4 comments)

mortgage: 5 Things On Credit Report To Keep an Eye On When Buying a Home - 07/08/22 08:28 AM
Personal information, credit account history, credit inquiries, and public records are all included in your credit report. This data is provided by your lenders and creditors to the credit agencies. Much of this data is used to compute your FICO® Scores in order to future lenders about your financial stability.
Although each of the credit bureaus - Experian, Equifax, and TransUnion - structures and reports your data differently, all credit reports contain identical categories of information.
Identifying information, credit accounts, credit inquiries, and public records are the four categories.
Keep in mind that your credit report may include more than one of these items.Late … (1 comments)

mortgage: Manual Underwriting Versus AUS in Mortgage - 03/04/22 11:06 PM
Manual underwriting is more stringent than automated system approval. Mortgage lenders will look for compensating factors when considering applicants with recent late payments or high-risk levels, and the ability to repay should be stressed in any application process that includes a manual workflow (as opposed to one conducted via an automated software). Not all companies offer this service; however we have found it's beneficial because there are many instances where individuals who would otherwise not get approved due solely on their payment history may still qualify if they meet other requirements like strong credit scores - something which can't always depend … (4 comments)

mortgage: How To Prepare for a Mortgage in Few Easy Step - 02/17/22 09:30 PM
Preparing To Qualify For Mortgage: TipsAs you could imagine, there is a common theme amongst potential borrowers when it comes to buying a home and it is how they can go about Preparing To Qualify For Mortgage. This isn’t just something most people can just walk into and just get the best rate or the exact loan they want. Potential borrowers are going to have to have patience as this process takes time.
Typically, if a borrower has documented income they will be able to qualify for a mortgage. Having documented income is key so that you can go through the pre-approval … (6 comments)

 
Pete Beeda (HomeSmart)

Pete Beeda

Bolingbrook, IL

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