Conditional Approval Mortgage: Why Files Still Fall Apart Before Closing A pre-approval is the first checkpoint in the mortgage process, based on a quick look at income, assets, and credit. A conditional approval comes later, after full underwriting, and means…
Why One Lender Says No When Another Says Yes: Understanding Lender Overlays A borrower can meet every guideline a loan program requires and still get declined. When that happens, the reason is often not the loan program itself, but an…
What Happens If the Appraisal Is Lower Than the Offer An appraisal coming in lower than the agreed-upon purchase price is one of the more common reasons a mortgage runs into trouble late in the process, often after a borrower…
Credit Score to Qualify for a Mortgage: What It Takes Credit score is one of the first questions most borrowers ask about, and one of the most misunderstood parts of mortgage qualification. There isn't a single number that applies across…
Proof of Income for a Mortgage: What Lenders Are Really Looking For Income is one of the first things a lender reviews, and one of the most common reasons a mortgage application runs into trouble. It isn't only about whether…
Reasons for Mortgage Loan Denial: What Borrowers Should Know Getting denied for a mortgage is stressful, especially after weeks of gathering documents and waiting on updates from a lender. There are a handful of common reasons for mortgage loan denial,…
This post compiles the questions that private RSU employees ask most often when they start exploring mortgage options. Each answer is written to be direct and practical. For more depth on any topic, the earlier posts in this series cover…
A standard mortgage application requires a set of documents that most borrowers are familiar with: pay stubs, W-2s, tax returns, bank statements, and a few others. For private RSU borrowers, those same documents are still required, but additional items are…
For employees at large private companies, the relationship between equity compensation and mortgage qualification often comes down to one question: has a liquidity event occurred? A liquidity event is any company-level transaction that converts private equity into cash or publicly…
When a borrower applies for a conventional mortgage, the lender's primary focus is on the borrower's income, credit, and assets. The employer matters, but mainly as a source of income verification. For a private RSU mortgage, the employer is a…
