April 24, 2019 / by Bailey & Wood / Inside Bailey & Wood, Mortgage, Mortgage Basics, Mortgage Compliance
Credit score evaluates and considers only the information in a borrower’s file at a credit reporting agency. As an index, the score reflects the relative risk of serious delinquency, default, foreclosure or bankruptcy associated with a borrower. Lenders and bank use this information when making decisions on approvals or rates given to clients.
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Underwriting
June 18, 2019 / by Bailey & Wood / Inside Bailey & Wood, Mortgage, Mortgage Basics / 0 comments
What is underwriting and what part does it play in the mortgage process? The underwriter plays a key role in reviewing the clients file for mortgage approval. They look at credit history, income, appraisal on the property and overall risk and benefits of the loan itself. They then making a determination based on these risks […]
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Mortgage Monday Episode 18: Myth #6
June 17, 2019 / by Bailey & Wood / Inside Bailey & Wood, Mortgage, Mortgage Basics / 0 comments
In today’s episode of Mortgage Monday, Loan Officer Jody Bleier dispels the common myth involving what comes first, The Home or the Finances! If you’ve heard of a Mortgage Myth and want us to debunk it, comment down below!
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Mortgage Monday Episode 17: Myth #5
June 10, 2019 / by Bailey & Wood / Inside Bailey & Wood, Mortgage, Mortgage Basics / 0 comments
In today’s episode of Mortgage Monday, Loan Officer AJ Sweeney dispels the common myth involving Pre-Approvals! If you’ve heard of a Mortgage Myth and want us to debunk it, comment down below!
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What is Market Value?
June 7, 2019 / by Bailey & Wood / Mortgage, Mortgage Basics / 0 comments
Market value not to be confused with Property Assessment (used by local county to determine taxes), the property’s market value is the highest price a buyer would pay and the lowest price the seller would sell for. In most cases an appraisal will be ordered to justify this when obtaining a mortgage to protect the […]
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Mortgage Monday Episode 16: Myth #4
June 3, 2019 / by Bailey & Wood / Mortgage, Mortgage Basics / 0 comments
In today’s episode of Mortgage Monday, Loan Officer Julie Nolan dispels the common myth involving FHA HomeLoans! If you’ve heard of a Mortgage Myth and want us to debunk it, comment down below!
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Mortgage Monday Episode 15: Myth #3
May 20, 2019 / by Bailey & Wood / Home Buying, Mortgage, Mortgage Basics
In today’s episode of Mortgage Monday, Loan Officer Grant Lyons dispels the common myth involving 20% Down Payment! If you’ve heard of a Mortgage Myth and want us to debunk it, comment down below!
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Mortgage Monday Episode 14: Myth #2
May 13, 2019 / by Bailey & Wood / Inside Bailey & Wood, Mortgage, Mortgage Basics
In today’s episode of Mortgage Monday, Loan Officer Dave Price dispels the common myth involving about the Mortgage Process! If you’ve heard of a Mortgage Myth and want us to debunk it, comment down below!
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Mortgage Mondays Episode 13: Mortgage Myths Part 1
May 6, 2019 / by Bailey & Wood / Inside Bailey & Wood, Mortgage, Mortgage Basics
There are numerous myths out there & it’s important you know the truth! In today’s episode of Mortgage Monday Daniel Duffer, Loan Officer, dispels the common myth involving Pre-Qualifications and Pre-Approvals! If you’ve heard of a Mortgage Myth and want us to debunk it, comment down below!
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Mortgage Monday Episode 12: Closing
April 29, 2019 / by Bailey & Wood / Inside Bailey & Wood, Mortgage, Mortgage Basics, Mortgage News
Operations Manager Tawn Hensley discusses what happens when your loan gets to the closing stage. What you can expect and what it takes to close on your home.
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Credit Score Does It Matter?
April 24, 2019 / by Bailey & Wood / Inside Bailey & Wood, Mortgage, Mortgage Basics, Mortgage Compliance
Credit score evaluates and considers only the information in a borrower’s file at a credit reporting agency. As an index, the score reflects the relative risk of serious delinquency, default, foreclosure or bankruptcy associated with a borrower. Lenders and bank use this information when making decisions on approvals or rates given to clients.
Read more