Latest Articles

Seller’s Concessions

As the housing market calms down from its hot streak of 2020-21, sellers are becoming more motivated to negotiate with buyers. A common point of negotiating is a seller’s concession also known as a seller’s assist or seller contribution. What is a seller’s concession? A seller’s concession is when the seller agrees to pay some […]

Earnest Money Deposits

What is an earnest money deposit? An earnest money, or good faith deposit, is a deposit from the homebuyer to the seller that shows good faith that the buyer will go through with purchasing the home. Earnest money is a great tool for homebuyers in a competitive market. It helps show that you are serious […]

Debt-to-Income Ratio (DTI)

We all know that our credit history plays a major role in determining eligibility for a loan but there is another factor that can have as great and often greater influence on your mortgage application’s approval: debt-to-income ratio (DTI). In fact, 35% of mortgage applications that were denied in 2021 were due to high DTI […]

Rate Locks

Rates. They are a popular topic. We hear rate questions all the time. What is the current rate? Will rates go up? How do I get the best rate? Let’s take a moment to address a component of rates that is less frequently mentioned: rate locks.    What Is A Rate Lock?  A rate lock […]

Why was my mortgage servicing sold?

You have jumped through the hoops of pre-approval, underwriting, and closing on your home. You did it! Shortly after you settle into your dream home, you get a letter in the mail stating that your mortgage servicing is being transferred (sold to another company). What does it mean? Did you do something wrong? Is this […]

What is Underwriting?

You’ve been pre-approved for a mortgage. You found your perfect home and your offer was accepted. You’re under contract. Congratulations! You are now in the underwriting stage. What is underwriting? Underwriting is when the lender reviews your information and verifies key aspects such as assets, income, debt, and the details of the property in order […]