A backyard fence, detached shed, or concrete patio may seem like a straightforward feature of a home. But what happens when part of that structure crosses the legal property line? Buyers sometimes discover this issue during the title or survey review, just as they are preparing to close. Known as an encroachment, it can raise questions that go beyond neighborly disagreements and may affect the mortgage process.
Understanding Automated Underwriting and How It Impacts the Mortgage Application Process
From the time you’ll have to wait to the documentation that is required, here are some of the details on what you can expect when dealing with an automated underwriter.
What’s Ahead For Mortgage Rates This Week – January 9, 2017
2017 started with good news; fixed mortgage rates were lower, but the national unemployment rate ticked upward and labor reports showed fewer openings for public and private sector jobs. Construction spending was higher in November.
Three Proven Ways You Boost Your Credit to Get a Mortgage Approved
Credit problems are unfortunately common, and they can make it difficult for you to obtain a mortgage. Even if you are able to obtain a mortgage with your credit issues, the rate may be rather high in comparison to what you may qualify for if you obtain a mortgage without fixing your credit problems. While some issues may take a while to fix, you may be able to see a decent increase in your credit rating when you follow a few easy steps.
Understanding Automated Underwriting and How It Impacts the Mortgage Application Process
From the time you’ll have to wait to the documentation that is required, here are some of the details on what you can expect when dealing with an automated underwriter.
