Tag Archive for: Mortgage Application

How Long Does It Take To Get Pre-Approved And Apply For A Mortgage?

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Agents frequently ask us how long it takes to apply for a loan, and how long it takes to get pre-approved (so they can share the info with their clients). […]Read More

New “URLA” (Loan Application) & Why It Matters; Compliance, Salability & Delays

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Agents and brokers alike have been asking me about the new Uniform Residential Loan Application or “URLA” and how it might affect them and their clients. This surprised me b/c […]Read More

What To Do (And Not Do) During The Mortgage Process

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When applying for a mortgage or refinance, a borrower can do several things to make the mortgage process more successful. However, there are also actions that should be avoided during the loan process as they can slow down or inhibit a borrower's ability to get a home loan. Read More

Is The Mortgage Application Challenging For California And Texas Homebuyers?

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The mortgage application has been rumored to be extremely challenging for California and Texas homebuyers to navigate and get pre-approved. The app is very straightforward for homebuyers with a sensible credit score (620 or higher for conventional loans) and evidence of their income and assets. Read More

Is It Easy To Get A Mortgage In California Or Texas?

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Many homebuyers are surprised by how easy it is to get a mortgage. Most people worry that the mortgage process will be too difficult or that their credit scores will be too low to qualify for competitive financing. The mortgage process is often easier for homebuyers in California and Texas than they expect.Read More

What Is in A Mortgage Application

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Mortgage applications are designed to be borrower-friendly and standardized across the mortgage industry. The mortgage application used in all U.S. states and territories for the past 20 years is the Uniform Residential Loan Application (URLA). Here is a breakdown of everything borrowers need to know about URLA and filling it out.Read More

If a Buyer Is “On” The Loan, He Must Also Be “On” Title; “Title Only” Always OK

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We often get questions about whether buyers can be on the loan, but not on title and vice versa (on title but not on the loan). If a borrower is […]Read More