Navigating the Buying Process as a First Time Home Buyer

Posted on May 1st, 2014 by Underwood Mortgage Group

Purchasing a home is a right of passage for a first-time buyer.  There is nothing more exciting than being handed a key to your first real estate holding!  Preparation and knowledge of the process will help new buyers to calm their...

Posted in Mortgage/Finance

Handling Rejection When your Mortgage Application is Denied

Posted on May 15th, 2014 by Underwood Mortgage Group

Following the crash of the housing market a few years back, lenders have become especially critical about who they lend to.  Keep this in mind if your application has been recently denied.  The best course of action is to get answers...

Posted in Mortgage/Finance

Understand the New Mortgage Rules

Posted on April 30th, 2014 by Underwood Mortgage Group

Starting January 10, 2014 the Consumer Financial Protection Bureau (CFPB) initiated new mortgage rules. The main goal of these rules are to to ensure that the borrower can afford to repay their mortgage. We have listed four main things that...

Posted in Mortgage/Finance

VA LOANS CAN BE EASIER THAN YOU THINK Continues

Posted on September 12th, 2014 by Mike Cornelius

Okay, to continue on from when we last spoke on reverse mortgages……  I have just completed another reverse mortgage for a 76 year old male widower and for the most part it was very simple. The things to be aware of are...

Posted in Mortgage/Finance

Monthly Mortgage Insurance on FHA loans will drop by almost half

Posted on January 12th, 2015 by Underwood Mortgage Group

Starting January 26, 2015, monthly mortgage insurance (MIP) on FHA loans will drop by almost half.  In two weeks, borrowers utilizing FHA financing will be able to afford a lot more house!

The...

Posted in Mortgage/Finance

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