With the increase in mortgage interest rates, some borrowers are asking about a little-known feature on certain mortgage loans.  Assumability.  What this means is that home-buyers that are lined up with sellers with an existing assumable loan, can...

The LO Comp Rule is one of those topics that comes up a lot in the mortgage industry, and unfortunately, it can be easy to misinterpret. Though it is always best to consult your company’s compliance department, we wanted to provide a brief run-down...

We have released three of our past CE movies as YouTube playlists! American Lender, Game of Loans, and License in Jeopardy are all available below as well as on our YouTube channel here!

We have released three free ACT Courses as YouTube playlists! OFAC & Other Exclusionary Lists, Will it RESPA, and Flood Insurance Requirements are all available below and on our YouTube channel here!

With the rise in mortgage interest rates, more and more consumers are looking for ways to bring affordability back into the home-buying picture.  One product to consider is ARM loans, or Adjustable Rate Mortgages.  These were very popular before the...

Recently Freddie Mac did something kind of interesting. They released a guideline update for some specific changes to how they look at Accessory Dwelling Units.

Rate buydowns provide a way to “buy” a lower interest rate than what the market is currently offering.  There are fees involved, but it could be a worthwhile investment if you plan to be in the home for 5 or more years.

As the mortgage market fluctuates and interest rates continue to rise, you may be hearing more people talking about Prime.  So what is it exactly, and how does it affect the average consumer? 

A HELOC or Home Equity Lines of Credit is a second mortgage that allows the borrower to pull equity out of their home, without refinancing their first mortgage.  If a borrower has a low-interest rate on their mortgage but is looking to pull out some...

From the outside, the fact that massive federal training requirements are placed on nonbank LOs but not LOs at depository institutions can feel a little unfair. But is it?