Everything you need to know about home loans in one place. Use our "frequently asked questions" section to learn everything about mortgages, refinancing, home equity lines of credit and more.
Mortgage underwriting is a process in which a lender examines a potential borrower’s eligibility for a loan. To do this, lenders typically look at three major factors: credit, capacity, and collateral. Now that you know these factors, let’s take a deeper dive into each.
Read MoreLoan origination for mortgages is a slightly more complex process that involves a step known as underwriting. Mortgage underwriting is a process in which the lender determines the risk of offering a home loan to a borrower, based on certain parameters. It is up to an underwriter to make the final decision on whether or not to approve a mortgage.
Read MoreIt takes between 30 days and a few months to get approved for a mortgage loan. There are three steps to this process, but only the final two are required: prequalification, preapproval, and final mortgage approval.
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