When a lender evaluates a loan application, a process called underwriting, they try to evaluate the ability and willingness of the potential borrower to repay the loan. The application the borrower fills out is sent to an underwriter, who is a real person and not a computer program. The underwriter then judges the borrowers ability to repay by reviewing the income and stability of past earnings.
I’m a sucker for views. I love water views. I love canyon views. I especially love the views looking towards the bay and San Francisco. Yesterday day was Broker Tour Day and one of the houses we saw is just crying out for a growing family willing to do some sweat equity to bring this…Read More »
For those of you living around San Mateo, you already know it’s costs a whole lotta moola to buy a house here. Today,the banks aren’t making it any easier and many of them expect you to have at least a 720 FICO score before they will to talk to you about a new loan. Did…Read More »
Today is Friday and the end of another work week. This weekend will find Open Houses waiting for you to visit and hopefully you will want to buy one for your family. With everything that has gone on in the lending world lately, you may be asking yourself, “Can I buy a home now? Is…Read More »