AMERICAN FINANCING CORP
Heather Gardens - Aurora:
What Is Loan Underwriting?
Successful underwriting is essential to mortgage approval.
What is a Second Mortgage? Home Equity Loans
Are you interested in getting a second mortgage, home equity loan or home equity line of credit? Read on to learn about the pros and cons of this line of credit.
Why Your Credit Score Matters in Retirement
You may still be applying for loans and looking for lower rates on insurance to save money.
What is the Difference Between FHA and Conventional Loans?
What is the Difference Between FHA and Conventional Financing? Which is right for you? Ask your lender to determine which will cost less both short and long-term. Ask for a side-by-side cost analysis.
What is Full Underwriting Approval?
Acquiring a loan can be an arduous process. Learn the difference between prequalification and preapproval and take a look at full underwriting approval.
6 compliance tips for loan estimate revisions
When it comes to issuing a Loan Estimate under the TILA-RESPA Integrated Disclosure (TRID) rule, revisions are not permitted due to mistakes, miscalculations, and underestimation of charges caught after the fact. However, the law does recognize that some situations can arise beyond lender errors that cause the original loan estimate to become inaccurate. The Justifying Events The …
Applying For A Mortgage: Why So Much Paperwork?
We are often asked why there is so much paperwork mandated by the bank for a mortgage loan application when buying a home today. It seems that the bank needs to know everything about us and requires three separate sources to validate each and every entry on the application form.<br>Many buyers a
Getting a Land Loan: What You Need to Know
What to Know About Mortgages For Land Are you planning to buy a plot of land to build a new home? Are you investigating a land loan? If you need financing, you may find it more challenging to get a land mortgage from traditional lenders. Land loans are a more specialized finance product that will be available from fewer lenders. When you are purchasing land, there is often a more significant down payment requirement than when you are buying a home. So, it's…
Is an FHA Home Loan Right for You?
With an FHA loan you don't need great credit — nor a lot of cash — to get into a home. What's the catch?
Why Can’t I Get a Tiny Home?
Like many millennials, my wife and I don’t want a big house. But that’s all we can get a loan for.
Remodeling? Refinancing With a 203(k) Loan Can Help
When your house is in need of some serious TLC, it can be tough finding room in your budget for renovations and repairs. One way to pay for those projects is by refinancing your home with a Federal Housing Administration-backed 203(k) loan. The FHA provides mortgage insurance on loans originated by lenders, backing them financially...Read More
Common Mortgage Errors And How To Avoid Them
Lots of people waste money when they get home loans. Don’t repeat their mistakes.
Want to succeed in the future? Establish high-value loan relationships
Shopping behaviors differ among loan categories, Filene research reveals. But on average, less than half of members compare loans from different institutions. Credit unions will rely on member relationships to steer the ship into the next decade, but the tide is turning—and fast. Today’s low-rate environment could persist for years. That’s why more consumers shopping …
Consolidating vs. refinancing student loans: 5 things to know
Taking out student loans is easy. Deciding whether to refinance or consolidate them isn’t.
Finding Home Loans for Bad Credit (Yes, You Can)
Finding home loans for bad credit isn't for the faint of heart, but there's good news if you're wondering how to buy a house with bad credit. You can!
Is student loan debt really stopping people from buying homes?
Does student debt derail young people from the American dream of owning a home? That depends on which headline you click.
What To Do When Denied A Loan
FYI: It happens more often than you think. What do you do when you've been denied a loan but need the capital? We've been down this road many times with our ...
7 Signs of a Personal Loan Scam
From lenders guaranteeing easy approval to not being registered in your state, learn how to spot personal loan scams and what to do if you fall victim.
Tips and Advice on Taking Out Auto Loans
Get expert advice on saving money on your auto loan
3 Questions to Ask Yourself Before Applying for a Home Loan
Once you’ve determined how much you can spend on a new home while still meeting other financial goals, you’re ready to start shopping.
