Facing repossession due to trouble making house payment payments and considering Chapter 7 bankruptcy? It’s crucial to grasp how Fannie Mae, once the Federal National Mortgage Association, applies into this complex situation. Typically, Fannie Mae doesn’t directly show up in a Chapter 7 case. They are a major investor that purchases home loans … Read More

When applying for an FHA or VA mortgage, it's essential to understand lender overlays. These extra requirements can impact your capacity to get approved. Lender overlays differ widely, so thorough research is important. Learn about common lender overlays, such as credit score expectations, debt-to-income ratios, and LTV.{ … Read More