Today, the use of a Licensed Professional Mortgage Broker is one of the key strategies used by sophisticated borrowers. You can find professional loan officers in both environments. But the topic of this article is why use a mortgage broker, therefore let me continue....

Your ratio of debt to income is a formula lenders use to calculate how much of your income can be used for a monthly mortgage payment after you meet your other monthly debt payments. Understanding your qualifying ratio In general, conventional mortgages need a...

Freezing the Rate When you’re promised a “rate lock” from your lender, it means that you are guaranteed to keep a particular interest rate over a certain number of days while you work on the application process. This keeps you from working through your entire...

Anything you submit over our website is 100 percent, fully secure. And we never, ever share it with anyone except by permission — that is, if you’re giving us information you want us to use to get you the best loan, we use that information to tell mortgage lenders...

Pre-Qualify When we pre-qualify you, we help you determine how much of a monthly mortgage payment you can afford, and the size of loan you will qualify for. In the process, we explore your borrowing power – looking at your earning status, available money for down...

Five ways to make the loan process go faster We should say that “working with us” is the first way! When you let us help you find the loan that’s right for you, you truly are taking advantage of some of the area’s best technology and expertise to get you a loan...

Platte River Mortgage & Investments is on the cutting edge and leading the way in electronic closings! What does it mean for you to close eSIGN……. Faster Closings – eliminates 75% of the paperwork Simplicity – signing is done with a click of a mouse Security –...

Although lenders have been obligated (for loans closed past July ’99) to cancel Private Mortgage Insurance (PMI) at the point the balance goes under 78% of the purchase price, they do not have to cancel PMI automatically if the loan’s equity is above 22%. (There are...

There are certain standard costs related to closing the sale of a house. Buyers almost always pay these closing costs, as specified in the sales contract, however, depending on State law the seller may be required to pay a portion of the closing costs. “Closing Costs”...

With the thrill that comes with an accepted offer and a “yes” from the lender, many homebuyers make the mistake of taking their enthusiasm straight to the mall or appliance store. Until the house is really yours, there still remain some hoops to jump through. Below...

Before you begin to shop for a new home, you should set up a time to meet with me so we can figure out how much you can afford. This will put you in a better position as a buyer. That’s when it is important to understand the distinction between being pre-qualified for...

Since we live in an computer-driven world, it should come as no surprise that your ability to repay your mortgage loan comes down to a single number. This score is compiled by credit agencies. These agencies use the payment history of all of your loans: credit cards,...