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NO CASH WHEN APPLYING FOR A MORTGAGE Unfortunately, cash is NOT KING when it comes to the mortgage and real estate industry. All $$$$ MUST be sourced. What does “sourced” mean? It means YOU must PROVE to the lender where all $ comes from. Loan officers and mortgage processors need to make sure thatthe borrower […]Continue reading
Stronger than expected labor market data was the primary influence on mortgage rates this week. The stock market remained volatile and posted gains for the week. Mortgage rates ended a little higher. Friday’s heavily watched Employment report showed that well above average improvement in the labor market continued for yet another month. Against a consensus […]Continue reading