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How to Get Bank Transaction History for Your Mortgage Loan Officer?

The home mortgage application process is filled with the paperwork that the mortgage loan officer requires to process your loan. The necessary information can include pay stubs, tax records, and bank information, including bank statements and bank transactions. But why do loan officers need bank statements? What is the difference between a bank statement and …

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How to Get Bank Transaction History for Your Mortgage Loan Officer

Conventional Loan for Mixed-Use Property

Not all properties are created the same. While most residential homes are zoned residential, you may find a home that is zoned as both residential and commercial, or what is known as mixed-use. But, how is buying mixed-use property different than buying a residential property? Can I get a residential loan on a mixed-use property? …

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Conventional Loan for Mixed-Use Property

What is the CalHFA Program?

California has some of the highest property prices in the United States, and this can often be intimidating for first-time home buyers. Established in 1975, the California Housing Finance Agency (CalFHA) was created to support renters and homebuyers by offering financing programs that serve low to moderate-income Californians. These programs provide financing solutions and down …

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What is the CalHFA Program?

When Do Buying Mortgage Points Make Sense?

When you want to reduce the interest rate on your mortgage loan and, in turn, lower your monthly loan payments, mortgage points are an option. While taking advantage of mortgage points can benefit buyers in the long term, they are not beneficial for everyone. So how do you know if it is worth buying mortgage …

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When Do Buying Mortgage Points Make Sense?

What is an AKA Letter?

Your lender will undoubtedly require you to complete the forms and disclosures required to process the mortgage loan when applying for a mortgage. While many are pretty straightforward, the paperwork can be intimidating. In some cases, your lender may require an AKA letter, triggered when your credit report returns inconsistencies. But what is an AKA …

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What is an AKA Letter?

Benefits of Interest-Only Mortgage Loan

When you are looking to purchase a home, you may consider different loan types, one of which is an interest-only mortgage. What are the benefits of interest-only mortgage loans? What are the disadvantages? When should you consider an interest-only loan? Here we take a closer look at this loan type and how it may work …

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Benefits of Interest-Only Mortgage Loan
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