Fannie Mae Reserve Requirements for Investors with Multiple Properties Owned

What Are Reserves? Reserves are liquid or near liquid assets that are available to a borrower after the mortgage closes. On every loan transaction, reserves are required to be verified as part of the approval process. Acceptable sources or reserves […]

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What is TRID? TILA-RESPA-INTEGRATED-DISCLOSURE

● Graham Parham ● October 3, 2015 ● Loan Documentation Mortgage Topics TRID ● No Comments

For more than 30 years, Federal law has required lenders to provide two different disclosure forms to consumers applying for a mortgage. The law also has generally required two different forms at or shortly before closing on the loan. Two different Federal agencies […]

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Documents Needed for Loan Applicant

● Graham Parham ● October 29, 2014 ● Loan Documentation ● No Comments

ALL BORROWERS: Copies of W-2’s for the last two years. Copies of paycheck stubs for the last 30 days (most current). Copies of checking and saving account statements for last three months (all pages). Copies of quarterly or semi-annual statements […]

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Loan Process

● Graham Parham ● November 5, 2013 ● Loan Documentation Loan Process ● No Comments

Loan Process Overview The following is an overview of the home loan process when purchasing a home. The process begins once the loan details (such as program, rate, costs, etc.) have been finalized and a contract has been executed […]

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Loan Documentation

Fannie Mae Reserve Requirements for Investors with Multiple Properties Owned

What is TRID? TILA-RESPA-INTEGRATED-DISCLOSURE

Documents Needed for Loan Applicant

Loan Process

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