While most mortgage web sites offer a glossary containing hundreds of real estate and lending related terms, we wanted to highlight the top terms that most borrowers will hear several times throughout the approval and home buying process. Understanding the "Shop Talk" between the various industry professionals that you've assembled on your team will hopefully..
[caption id="attachment_5017" align="alignright" width="200"] Boise Idaho Home Key[/caption] When obtaining Boise Idaho mortgage financing, Many borrowers believe that when they purchase a propertythey also own their home. Technically speaking, full ownership on a property only happens once the Boise Idaho mortgage loan amount has been paid in full. To break this down in more detail, there..
How can a fully approved mortgage loan in Boise Idaho get denied for funding after the borrower has signed loan documents? Simple, the underwriter pulls an updated credit report to verify that there hasn't been any new activity since original approval was issued, and the new findings kill the loan. This generally won't happen in..