Mortgage marketing

This month, Real Estate magazine had the opportunity to sit down with Rocket Mortgage’s Bill Banfield, executive vice president of capital markets, to discuss what’s in store for real estate professionals and their clients as mortgage rates continue to rise this year. Paige Tepping: Tell us about your history with Rocket Mortgage and how it […] The post Forecasting for a Changing Market appeared first on RISMedia.

Unlocking the “What” and “Why” of Mortgage Insurance Mortgage insurance – it’s almost like a financial safety net, snugly tucked under the tightrope of home loans. But what is it, really? It’s an insurance policy that kicks in to protect the mortgage lender or title holder if, say, you start juggling too many financial commitments and one falls to the ground – that is if you default on your payments or meet other unfortunate circumstances where you can’t uphold your mortgag...

Pre-approval is as close as you can get to confirming your creditworthiness without having a purchase contract in place. You will complete a mortgage application and the lender will verify the information you provide. They’ll also perform a credit check. If you’re pre-approved, you’ll receive a pre-approval letter, which is an offer to lend you a specific amount, good for typically 90 days.

When lenders review your bank statements during the mortgage application process, they look for several key pieces of information to ensure that you are a reliable borrower. These are some of the things they typically check. 🔍📄 Understanding what lenders are looking for in your bank statements can help you prepare for the mortgage application process and address any potential red flags before they become issues. ✅🔑 Susan Bishop, Realtor/Transaction Coordinator 🌐susan@goodrlty.com…